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Builders FirstSource misses quarterly estimates as fewer new homes built
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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.

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