Builders FirstSource (NYSE:BLDR) First Quarter 2024 Results

Key Financial Results

• Revenue: US$3.89b (flat on 1Q 2023).

• Net income: US$258.8m (down 23% from 1Q 2023).

• Profit margin: 6.7% (down from 8.6% in 1Q 2023).

• EPS: US$2.12 (down from US$2.44 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Builders FirstSource Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company's shares are down 11% from a week ago.

Valuation

Our analysis of these results suggests Builders FirstSource may be undervalued based on 6 important criteria we look at. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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