Builders FirstSource, Inc. (NYSE:BLDR) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants Heather Kos - Senior Vice President, Investor Relations Dave Rush - Chief Executive Officer Peter Jackson - Chief Financial Officer Conference Call Participants Matthew Bouley - Barclays Mike Dahl - RBC Capital Markets Trey Grooms - Stephens Rafe Jadrosich - Bank of America Keith Hughes - Truist Adam Baumgarten - Zelman & Associates Stanley Elliott - Stifel Collin Verron - Jefferies Tyler Bato ...

Builders® M A Y 7 , 2 0 2 4 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 1934, as amended. Readers are cautioned not to place undue ...

Builders FirstSource (BLDR) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.42 per share. This compares to earnings of $2.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.50%. A quarter ago, it was expected that this construction supply company would post earnings of $2.70 per share when it actually produced earnings of $3.55, delivering a surprise of 31.48%.Over the last fou ...

For Immediate Release May 07, 2024 (Irving, TX) – Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the first quarter ended March 31, 2024. • Net sales were $3.9 billion, a 0.2% increase, with core organic sales essentially flat, in line with expectations, and growth from acquisitions partially offset by commodity deflation. • Net income decreased 22.5% to $258.8 million, or $2.10 per diluted share compared to $2.41 in the prior year period. Net income per diluted share declined 12.9%. ...

Builders FirstSource, Inc. (BLDR) is slated to report first-quarter 2024 results on May 7, before the opening bell.In the last reported quarter, the company’s adjusted earnings and net sales topped the Zacks Consensus Estimate by 31.5% and 3.4%, respectively. Earnings increased 10.6% but net sales declined 4.7% from the year-ago quarter.The company’s earnings have topped the consensus mark in each of the trailing 22 quarters.Trend in Estimate RevisionThe Zacks Consensus Estimate for BLDR’s first-quarter ear ...

In the latest trading session, Builders FirstSource (BLDR) closed at $186.69, marking a -0.29% move from the previous day. This move lagged the S&P 500's daily gain of 0.02%. On the other hand, the Dow registered a loss of 0.11%, and the technology-centric Nasdaq increased by 0.1%.Heading into today, shares of the construction supply company had lost 9.56% over the past month, lagging the Retail-Wholesale sector's loss of 2.56% and the S&P 500's loss of 3.01% in that time.The investment community will be cl ...

Key TakeawaysHomebuilder PulteGroup reported better-than-expected first-quarter earnings on Tuesday, with closings increasing 11% as incentives and a shortage of existing homes for sale funneled buyers to new builds.Census Bureau data released Tuesday showed new home sales rose to an annualized rate of 693,000 in March, the most since September.High mortgage rates have locked homeowners into their current loans, depriving the market of existing housing stock and benefiting homebuilders in the process. Share ...

With the Federal Reserve not cutting interest rates yet and continued homebuyer trepidation thanks to high prices and high mortgage rates, it’s understandable why investors may not consider real estate stocks to be best play right now. Indeed, general sentiment around real estate seems to be more negative today than it has been for the past several years. However, there are still some surprisingly lucrative options to take advantage of in this space.While traditional real estate may not be thriving right no ...

In the latest market close, Builders FirstSource (BLDR) reached $202.77, with a +1.51% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.23%.Heading into today, shares of the construction supply company had gained 0.73% over the past month, outpacing the Retail-Wholesale sector's gain of 0.04% and lagging the S&P 500's gain of 1.5% in that time.The ...

Builders FirstSource (BLDR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this construction supply company have returned +2.3% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Building Products - Retail industry, to which Builders FirstSource belongs, has lost 1.6% over this period. Now the key question is: Where could the stock be hea ...