Builders FirstSource (BLDR) Reports a Q2 Loss, Comments on FY08-09 Outlook
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Builders FirstSource, Inc. (Nasdaq: BLDR) reports a Q2 loss of $1.29 vs. the analyst estimate of ($0.35) - may not be comparable. Revenues for the quarter were $307.3 million, versus the consensus of $296.23 million.
The company expects the difficult market conditions to negatively affect its operating results throughout the remainder of 2008 and 2009. Additionally, increased competitive pressure arising from the current operating conditions could continue to have a negative impact on margins.
"Industry conditions continue to be difficult which is reflected in our results, but I am proud of the untiring effort of our employees to identify operating efficiencies, cut costs and most importantly seek additional market share through superior customer service and developing new business. We still see difficult times ahead of us, but we will continue our focus on liquidity and seeking opportunities to grow our business during this extended downturn in our industry.''
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