Second Quarter Financial Highlights (unaudited)                         -----------------------------------------------                       Second Quarter  Diluted   Second Quarter  Diluted                            2009     Per Share        2008     Per Share                            ----     ---------        ----     ---------   Sales               $ 175.5 million           $ 282.3 million  Gross margin              22.3%                     21.7%   Loss from    continuing   operations         $(18.6) million  $(0.52)  $(42.6) million  $(1.19)  Loss from   discontinued   operations, net   of tax               (4.0) million   (0.11)    (3.3) million   (0.10)                      ---------------  -------  ---------------  -------  Net loss            $(22.6) million  $(0.63)  $(45.9) million  $(1.29)   Included in the   calculation of loss   from continuing   operations:   Facility closure    costs             $   0.7 million  $  0.01  $   0.1 million   $ 0.00   Asset impairments  $   0.5 million     0.01  $  10.1 million     0.17   Tax valuation    allowance         $   6.6 million     0.19  $  24.1 million     0.68                                       -------                   -------                                       $  0.21                   $  0.85  Adjusted loss from   continuing   operations         $(11.2) million  $(0.31)  $(12.2) million  $(0.34)   Other metrics:  Adjusted EBITDA     $ (5.6) million           $ (6.3) million  Cash                $ 112.1 million           $  75.2 million  Cash used           $   2.2 million           $   6.6 million 

"The challenging environment facing the housing industry continued through the second quarter of 2009. National single-family housing starts were 123,700 during the second quarter of 2009, down 36.2 percent from starts of 193,900 during the second quarter of 2008. The national seasonally adjusted annual rate for single-family starts was 470,000 at the end of the current quarter, down 28.2 percent from an annual rate of 655,000 one year ago, and down 74.2 percent from the peak of 1,823,000 in the first quarter of 2006. The severity and prolonged nature of the housing downturn has forced substantial capacity reduction within our industry. Several of our largest competitors filed for bankruptcy protection during the quarter, and we were forced to make the tough decision to discontinue our Ohio operations," said Floyd Sherman, Builders FirstSource Chief Executive Officer. "This decision was not taken lightly, but was made to protect the overall financial health of the company and its remaining 78 locations."

Mr. Sherman continued, "Our action plan of conserving cash, growing market share, reducing physical capacity, adjusting staffing levels, implementing cost containment programs, and prudently managing credit continues to help us successfully mitigate the impact of the depressed housing market on our operations. For the current quarter our net cash used was only $2.2 million, excluding a $20 million repayment on our revolving credit facility and the $31.8 million federal income tax refund received during the quarter. This is down from net cash used of $6.6 million during the second quarter of 2008, and was achieved on $106.8 million less sales. Market share gains and further penetration into the multi-family and light commercial segments reduced our sales decline compared to the second quarter of 2008 by an estimated 9 percent. From a capacity standpoint, we closed three locations during the current quarter, all related to our Ohio operations. Our average full-time equivalent headcount for the quarter was 3,090, down 40.5 percent from the second quarter of 2008. The reductions in payroll costs coupled with our other cost reductions allowed us to reduce our selling, general and administrative expenses by 32.3 percent, or approximately 98 percent variable with our sales volume decline of 33 percent. Our bad debt expense was $0.6 million for the quarter, down from $1.7 million in the second quarter of 2008."

Charles Horn, Builders FirstSource Senior Vice President and Chief Financial Officer, added, "Although our sales were down $106.8 million from the second quarter of 2008, we were able to reduce our adjusted loss from continuing operations per share to $(0.31) from $(0.34) last year. We accomplished this by increasing our gross margins in a very difficult environment and lowering our selling, general & administrative expenses commensurate with our decline in sales volumes. Gross margins improved to 22.3 percent for the second quarter of 2009, up from 21.7 percent last year and 21.0 percent in the first quarter of 2009. We sacrificed some market share growth to achieve the improvement in gross margins by passing on certain lower gross margin business. Recent bankruptcies and closures in the industry have combined to create excess inventory levels, which in general are depressing market prices. Our selling, general & administrative expenses decreased 32.3 percent, or 98 percent variable with our sales volumes, as we continue to drive operating efficiencies."

Mr. Horn continued, "We were also successful in protecting our liquidity ending the quarter with $112.4 million in available liquidity, up from $83.5 million in the first quarter of 2009. Not only did we lower our operating losses, but we improved our asset efficiency during the quarter. Our working capital as a percentage of sales dropped to 9.6 percent, excluding cash and income tax receivables, down from 11.3 percent last year. Accounts receivable days decreased to 39.1 days for the quarter from 41.5 days last year. Our inventory turns for the quarter improved to 9.2x from 8.9x last year. Partially offsetting these improvements, accounts payable days fell to 30.8 days from 33.6 days last year due to a shift in sales mix toward installed product sales."

Second Quarter 2009 Results Compared to Second Quarter 2008

(See accompanying financial schedules for full financial details and reconciliations of Non-GAAP financial measures to their GAAP equivalents.)

    * Sales were $175.5 million compared to $282.3 million last year, a    decline of $106.8 million or 37.8 percent. Our sales volume dropped    an estimated 33 percent compared to an estimated 42 percent decline    in housing starts in our markets, signifying a contribution from    market share gains and incremental multi-family and light    commercial sales of an estimated 9 percent.   * Gross margin percentage was 22.3 percent, up from 21.7 percent, a    0.6 percentage point increase. Specifically, our gross margin    percentage increased 1.8 percentage points due to price, but    decreased 0.9 percentage points due to volume (fixed costs in costs    of goods sold) and 0.3 percentage points due to a shift in sales    mix toward lower-margin installed product sales.   * Selling, general and administrative ("SG&A") expenses decreased    $24.0 million, or 32.3 percent.  As a percentage of sales, however,    SG&A expense increased from 26.3 percent in 2008 to 28.7 percent in    2009, which is reflective of fixed cost items becoming a larger    percentage of our SG&A.  Average full-time equivalent employees for    the second quarter 2009 were 3,090, down 40.5 percent from the    second quarter 2008 average.  Our salaries and benefits expense,    excluding stock compensation expense, fell $13.5 million, or 32.0    percent.  This decline was 97 percent variable with our sales    volume decline.  Delivery expenses fell $4.5 million, or 31.1    percent, Office G&A expenses fell $3.0 million, or 38.0 percent,    and bad debt expense fell $1.1 million, or 63.2 percent.   * An asset impairment charge of $0.5 million on land held for sale    was recorded in the current quarter.  Impairment charges of    $10.1 million in the second quarter of 2008 related to goodwill,    customer relationship intangibles, and long-lived assets.   * Interest expense was $6.1 million in the current quarter, a    decrease of $0.2 million from the second quarter of 2008, primarily    due to lower interest rates during the current quarter.   * We recorded tax expense of $0.1 million, or a 1.0 percent tax rate,    during the quarter compared to expense of $12.9 million, or a 43.5    percent rate, in the second quarter of 2008. Our benefit for the    current quarter was reduced by an after-tax, non-cash valuation    allowance of $6.6 million, or $0.19 per share, related to our net    deferred tax assets. Absent this valuation allowance, our tax    benefit rate would have been 35.2 percent.   * Loss from continuing operations was $18.6 million, or $0.52 loss    per diluted share, compared to a loss of $42.6 million, or $1.19    loss per diluted share.  Excluding the valuation allowance,    facility closure costs, and asset impairments, our loss from    continuing operations per diluted share was $0.31 for the current    quarter compared to a loss of $0.34 for the second quarter of 2008.    See reconciliation attached.   * Loss from discontinued operations, which includes the results of    our former Ohio and New Jersey operations, represented a loss of    $4.0 million, or $0.11 loss per diluted share, for the second    quarter of 2009, compared to a loss of $3.3 million, or $0.10 loss    per diluted share, for the second quarter of 2008.   * Net loss was $22.6 million, or $0.63 loss per diluted share,    compared to net loss of $45.9 million, or $1.29 loss per diluted    share.   * Diluted weighted average shares outstanding were 35.9 million    compared to 35.7 million.   * Adjusted EBITDA was a loss of $5.6 million compared to a loss of    $6.3 million last year. See reconciliation attached.