Builders FirstSource, Inc. (NASDAQ:BLDR) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Builders FirstSource, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.07 in the quarter versus EPS of $-0.11 in the year-earlier quarter.
Revenue: Rose 45.72% to $319.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Builders FirstSource, Inc. reported adjusted EPS loss of $0.07 per share. By that measure, the company beat the mean analyst estimate of $-0.1. It beat the average revenue estimate of $279.2 million.
Quoting Management: Commenting on the company’s results, Floyd Sherman, Builders FirstSource Chief Executive Officer said, “I am very pleased to start our fiscal year with such strong financial results, as we ended the first quarter with over $319 million in sales and improved our Adjusted EBITDA by $7.5 million. We were able to achieve topline growth of greater than 30 percent for a sixth consecutive quarter.” Mr. Sherman added, “Our sales increase once again exceeded the increase in residential construction activity, as actual single-family housing starts in the South Region increased 27.4 percent and single-family units under construction increased 23.2 percent.”
Key Stats (on next page)…