financetom
Business
financetom
/
Business
/
Builders FirstSource misses quarterly estimates as fewer new homes built
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Builders FirstSource misses quarterly estimates as fewer new homes built
Feb 20, 2025 5:57 AM

Feb 20 (Reuters) - Builders FirstSource Inc ( BLDR )

reported quarterly revenue below expectations on Thursday,

pressured by fewer constructions of single- and multi-family

homes as well as lower selling prices for building materials.

Shares of the Irving, Texas-based construction supplies

company were down 3.7% in trading before the bell.

Many potential homebuyers remain reluctant to buy due to

still-high mortgage rates, with the benchmark 30-year fixed-rate

mortgage hovering around 6.9% as of December-end.

The company reported fourth-quarter net sales of $3.82

billion, down 8% from a year ago. Analysts had on average

expected a revenue of $3.90 billion, according to data complied

by LSEG.

The sales decrease was primarily driven by lower core

organic sales of 8.8% and commodity deflation of 3.1%, the

company said.

Builders FirstSource ( BLDR ), a supplier of building materials and

manufactured components to homebuilders, subcontractors,

remodelers and individual consumers, operates in about 570

locations across 43 states in the United States, according to

its latest annual report.

The company expects 2025 net sales between $16.5 billion and

$17.5 billion, the mid-point of the range falling below

analysts' expectations of $17.32 billion.

It reported adjusted profit of $2.31 per share in the

quarter ended December 31, compared with $3.55 per share a year

ago.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Senators hope TikTok will remain in business in US under new owner
Senators hope TikTok will remain in business in US under new owner
Apr 23, 2024
WASHINGTON, April 23 (Reuters) - Two U.S. senators said they hope TikTok will remain in business in the U.S. under a new owner as the chamber prepared to vote on Tuesday on legislation requiring Chinese owner ByteDance to divest the popular short video app's U.S. assets. Senate Intelligence Committee Chair Mark Warner, a Democrat, said lawmakers recognized that the short...
West Fraser Timber Q1 Swings to Earnings With Sales Unchanged
West Fraser Timber Q1 Swings to Earnings With Sales Unchanged
Apr 23, 2024
05:22 PM EDT, 04/23/2024 (MT Newswires) -- West Fraser Timber ( WFG ) reported Q1 earnings Tuesday of $0.42 per diluted share, compared with a loss of $0.52 a year earlier. Two analysts polled by Capital IQ expected a loss of $0.01. Sales in the quarter ended March 29 were $1.63 billion, unchanged from a year earlier. Analysts surveyed by...
West Fraser Swings Back to a Q1 Profit on Higher Sales
West Fraser Swings Back to a Q1 Profit on Higher Sales
Apr 23, 2024
05:24 PM EDT, 04/23/2024 (MT Newswires) -- West Fraser Timber ( WFG ) edged higher in after-hours New York trading after the company on Tuesday said Tuesday it swung back to a first-quarter profit on higher sales. The company said it earned US$35 million, or US$0.42 per share, in the period, compared with a loss of US$153 million, or US$1.87,...
Stride Fiscal Q3 Earnings, Revenue Rise; Fiscal 2024 Guidance Revised
Stride Fiscal Q3 Earnings, Revenue Rise; Fiscal 2024 Guidance Revised
Apr 23, 2024
05:23 PM EDT, 04/23/2024 (MT Newswires) -- Stride (LRN) reported fiscal Q3 earnings late Tuesday of $1.60 per diluted share, up from $1.30 a year earlier. Four analysts surveyed by Capital IQ expected $1.40. Revenue for the quarter ended March 31 was $520.8 million, up from $470.3 million a year earlier. Four analysts surveyed by Capital IQ expected $507.9 million....
Copyright 2023-2026 - www.financetom.com All Rights Reserved