07:48 AM EDT, 05/07/2024 (MT Newswires) -- Builders FirstSource ( BLDR ) reported Q1 adjusted earnings Tuesday of $2.65 per diluted share, down from $2.96 a year earlier.

Analysts polled by Capital IQ expected $2.33.

Net sales for the quarter ended March 31 were $3.89 billion, up from $3.88 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.83 billion.

For 2024, the building supplies company reiterated its previous net sales guidance of $17.5 billion to $18.5 billion. Analysts surveyed by Capital IQ expect $17.98 billion.

Builders FirstSource ( BLDR ) shares were down more than 3% in recent Tuesday premarket activity.

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