Builders FirstSource (BLDR) Tops Q3 EPS by 18c

Builders FirstSource (NASDAQ: BLDR) reported Q3 EPS of $0.82, $0.18 better than the analyst estimate of $0.64. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.28 billion.

Outlook:

Mr. Crow concluded, “I am confident in the outlook for our business, which is supported by robust housing dynamics across our attractive and diverse national footprint. Market conditions should continue to provide positive tailwinds through the end of the year and beyond. We will continue to react to changing market conditions in order to provide our customers the products and services needed to meet continued strong demand for new construction.

Upon closing the merger with BMC, we will build upon the strength of our larger platform to better serve our customers and create incremental value for all our stakeholders. I would like to thank our entire team for their continued dedication to excellence and their commitment to executing our long-range plan.”

The Company has provided supplemental non-GAAP financial information for the consolidated company that is adjusted to exclude one-time integration, one-time refinancing, and other costs (“Adjusted”). As the information included herein includes non-GAAP financial information, please refer to the accompanying financial schedules for non-GAAP reconciliations to their GAAP equivalents. Please refer to the accompanying financial schedules for more information.

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

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