Despite homebuilding slowdowns and high mortgage rates, Builders FirstSource CEO Dave Rush told CNBC's Jim Cramer that the demand for housing remains strong."When we came into the year, we were a little cautious as well," Rush said. "And what proved to be the point is housing demand is really strong, and the demand for housing and the fact that housing has been underbuilt, kept housing at a relatively stable level."The homebuilding materials supplier — whose customers are primarily homebuilders and professi ...

Builders® Q4 & FY 2023 Earnings Presentation F E B R U A R Y 2 2 , 2 0 2 4 Footnote Statements in this presentation and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about forecasted financial performance or other statements about anticipations, beliefs, expectations, hopes, synergies, intentions or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 19 ...

Builders FirstSource, Inc. (NYSE:BLDR) Q4 2023 Earnings Conference Call February 22, 2024 9:00 AM ET Company Participants Heather Kos - Senior Vice President, Investor Relations David Rush - Chief Executive Officer Peter Jackson - Chief Financial Officer Conference Call Participants Matthew Bouley - Barclays Michael Dahl - RBC Capital Markets Joseph Ahlersmeyer - Deutsche Bank Trey Grooms - Stephens Rafe Jadrosich - Bank of America Keith Hughes - Truist Collin Verron - Jefferies Adam Baumgarten - Zelman Ket ...

Builders FirstSource, Inc. (BLDR) reported impressive earnings in fourth-quarter 2023. The bottom line surpassed the Zacks Consensus Estimate and improved from the previous year. Despite a challenging operating environment in 2023, where single-family starts witnessed significant reduction, the company delivered mid-teens or better adjusted EBITDA margin for 11 consecutive quarters.Shares of this manufacturer and supplier of building materials gained 5.3% on Feb 22.Net sales surpassed the consensus mark but ...

Builders FirstSource (BLDR) came out with quarterly earnings of $3.55 per share, beating the Zacks Consensus Estimate of $2.70 per share. This compares to earnings of $3.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 31.48%. A quarter ago, it was expected that this construction supply company would post earnings of $4.05 per share when it actually produced earnings of $4.24, delivering a surprise of 4.69%.Over the last fou ...

IRVING, Texas--(BUSINESS WIRE)--Builders FirstSource, Inc. (NYSE: BLDR) announced that on February 21, 2024, its Board of Directors authorized the repurchase of up to $1.0 billion of the Company’s outstanding shares of common stock, inclusive of the approximately $200 million remaining outstanding in the prior share repurchase plan authorized in April 2023. “ The Board’s increased share repurchase authorization reflects our strong conviction in the Company’s strategy, operating model, and ability to genera ...

13 For Immediate Release • The Company repurchased $1.8 billion of shares in 2023, reducing its total shares outstanding by 12.2% in 2023. Peter Jackson, CFO of Builders FirstSource, added, "Our fourth quarter and full year results demonstrate the effectiveness of our operating model through the cycle. Our fortress balance sheet, strong cash flow Three Months Ended Twelve Months Ended | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------| ...

The market price of our common stock historically has experienced and may continue to experience significant price fluctuations similar to those experienced by the broader stock market in recent years. For example, between January 1, 2023, and December 31, 2023, the closing price of our common stock on the NYSE ranged from $65.35 to $170.56 per share. In addition, the price of our common stock may fluctuate significantly in response to various factors, including: • actual or anticipated fluctuations in our ...

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Builders FirstSource (BLDR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Builders FirstSource is one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #11 ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-a ...