07:42 AM EST, 11/05/2024 (MT Newswires) -- Builders FirstSource ( BLDR ) reported Q3 adjusted net income Tuesday of $3.07 per diluted share, down from $4.24 a year earlier.

Analysts polled by Capital IQ expected $3.02.

Net sales for the quarter ended Sept. 30 was $4.23 billion, down from $4.53 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.45 billion.

For 2024, the building materials supplier lowered its net sales projection to between $16.25 billion and $16.55 billion, down from its previous projection of $16.4 billion to $17.2 billion. Analysts surveyed by Capital IQ expect $16.85 billion.