Builders FirstSource Third Quarter 2024 Earnings: Misses Expectations

Builders FirstSource (NYSE:BLDR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.23b (down 6.7% from 3Q 2023).
• Net income: US$284.8m (down 37% from 3Q 2023).
• Profit margin: 6.7% (down from 10.0% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$2.45 (down from US$3.62 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Builders FirstSource Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 7.1%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company's shares are up 5.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Builders FirstSource that you should be aware of.

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