Recently, Zacks.com users have been paying close attention to Builders FirstSource (BLDR). This makes it worthwhile to examine what the stock has in store.
BLDR is set to benefit from the acquisition of Alpine Lumber Company, which is to close by the beginning of the first quarter of 2025.
Zacks.com users have recently been watching Builders FirstSource (BLDR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Builders FirstSource (BLDR) reported earnings 30 days ago. What's next for the stock?
Builders FirstSource (BLDR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Recently, Zacks.com users have been paying close attention to Builders FirstSource (BLDR). This makes it worthwhile to examine what the stock has in store.
Recently, Zacks.com users have been paying close attention to Builders FirstSource (BLDR). This makes it worthwhile to examine what the stock has in store.
Builders FirstSource shares have gained 45% over the past year but are down 10% from their highs due to high mortgage rates weighing on construction activity. Q3 results were mixed, with a 7% revenue decline but optimistic margin data, leading to a 5% share price increase. The company is diversifying into value-add products to reduce price variability and has generated $1.2 billion of free cash flow year to date.
Start Time: 09:00 January 1, 0000 10:12 AM ET Builders FirstSource, Inc. (NYSE:BLDR ) Q3 2024 Earnings Call November 05, 2024, 09:00 AM ET Company Participants Dave Rush - CEO Peter Jackson - CEO designate and CFO Pete Beckmann - CFO designate Heather Kos - SVP, IR Conference Call Participants Matthew Bouley - Barclays Charles Perron-Piche - Goldman Sachs Mike Dahl - RBC David Manthey - Baird Rafe Jadrosich - Bank of America Philip Ng - Jefferies Jay McCanless - Wedbush Jeffrey Stevenson - Loop Capital Steven Ramsey - Thompson Research Group Ketan Mamtora - BMO Capital Markets Alex Rygiel - B. Riley Operator Good day, and welcome to the Builders FirstSource Third Quarter 2024 Earnings Conference Call.
BLDR's third-quarter performance reflects continued Multi-Family and core organic normalization.
Builders FirstSource (BLDR) came out with quarterly earnings of $3.07 per share, missing the Zacks Consensus Estimate of $3.09 per share. This compares to earnings of $4.24 per share a year ago.
Builders FirstSource (BLDR) reachead $172.88 at the closing of the latest trading day, reflecting a +0.75% change compared to its last close.