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Builders FirstSource (BLDR) Tops Q3 EPS by 7c, Revenues Beat

November 1, 2018 5:25 PM

Builders FirstSource (NASDAQ: BLDR) reported Q3 EPS of $0.67, $0.07 better than the analyst estimate of $0.60. Revenue for the quarter came in at $2.12 billion versus the consensus estimate of $2.08 billion.

Commenting on the results, CEO Chad Crow remarked, “In the third quarter, we delivered sales growth of 12.7 percent to $2.1 billion, with our higher margin value added products again growing by double digits. I am pleased to report that Adjusted EBITDA increased by 27 percent to $155 million, a strong performance in a volatile commodity environment. We continued to invest in our manufacturing capacity and efficiency enhancing initiatives to further strengthen and differentiate our platform and the value-added solutions we provide our customers.”

Peter Jackson, CFO, added, “The growth in Adjusted EBITDA dollars, and the improvement in EBITDA margin, reflected our ability to successfully manage the volatility in commodity costs during the quarter as well as realize cost efficiencies on a sustained basis. We generated solid cash flow in the third quarter and remain on track to delever below 3.5x by year end while continuing to fund our strategic initiatives and drive profitable growth.”

For earnings history and earnings-related data on Builders FirstSource (BLDR) click here.

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