The most recent trading session ended with Builders FirstSource (BLDR) standing at $194.52, reflecting a +0.32% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. Shares of the construction supply company witnessed a gain of 18.12% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 4.15% and the S&P 500's gain of 1.57% ...

A month has gone by since the last earnings report for Builders FirstSource (BLDR) . Shares have added about 10.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Builders FirstSource due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Builders FirstSource's Q2 Earning ...

When trying to figure out where the economy is going (let alone the stock market), investors often throw a handful or three indicators to keep track of without knowing which is accurate and which is not. So, to keep all the noise out, investors can trust the data tested by one of Wall Street's best investors, Stanley Druckenmiller. He has quoted that, as recently as the beginning of COVID-19, two sectors can provide investors with a reliable gauge to give the Federal Reserve a run for its money in predictin ...

When trying to figure out where the economy is going (let alone the stock market), investors often throw a handful or three indicators to keep track of without knowing which is accurate and which is not. So, to keep all the noise out, investors can trust the data tested by one of Wall Street's best investors, Stanley Druckenmiller. He has quoted that, as recently as the beginning of COVID-19, two sectors can provide investors with a reliable gauge to give the Federal Reserve a run for its money in predictin ...

Momentum refers to how far a stock's price has moved in a given time. For the most part, stocks stay within their average or typical range. If the price exceeds this range, the stock is considered to be overbought. Three popular momentum indicators on the following chart show that shares of Builders FirstSource, Inc. BLDR are overbought. This is why it's our Stock of the Day. It's important to know when a stock is overbought. These stocks tend to reverse and move lower. But traders need to exercise caution. ...

Key Takeaways The S&P 500 added 1.2% on Friday, Aug. 23, after Federal Reserve Chair Jerome Powell indicated the central bank is prepared to lower interest rates. Powell's remarks helped drive gains for companies in rate-sensitive industries, including construction materials, ocean cruises, and solar power. Intuit shares tumbled after the financial software firm reported a surprise quarterly loss. Major U.S. equities indexes climbed in the week's final trading session as Federal Reserve Chair Jerome Powell ...

Builders FirstSource (BLDR) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this construction supply company have returned +0.1%, compared to the Zacks S&P 500 composite's -4.8% change. During this period, the Zacks Building Products - Retail industry, which Builders FirstSource falls in, has lost 2.9%. The key question now is: What ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40620 BUILDERS FIRSTSOURCE, INC. (Exact name of registrant as specified in its charter) Delaware 52-2084569 (State or other jurisdiction of ...

Builders FirstSource, Inc. (BLDR) reported mixed results for the second quarter of 2024 with earnings surpassing the Zacks Consensus Estimate but net sales missing the same. Both earnings and sales declined year over year owing to weaker-than-expected Single-Family starts, slowing Multi-Family, and broader housing affordability challenges. Shares of this manufacturer and supplier of building materials dipped 5.4% in the pre-market trading session on Aug 6. On an impressive note, BLDR achieved around $37 mil ...

Financial Data and Key Metrics Changes - Net sales for Q2 2024 were $4.5 billion, a decrease of 1.6% year-over-year, with core organic sales declining by 3.8% [17] - Adjusted EBITDA was approximately $670 million, down 13% compared to the prior year, with an adjusted EBITDA margin of 15%, a decrease of 200 basis points [19] - Gross profit was $1.5 billion, an 8% decrease year-over-year, with gross margins at 32.8%, down 240 basis points [19] - Adjusted earnings per diluted share were $3.50, a decrease of 10% compared to the prior year [20] Business Line Data and Key Metrics Changes - Installed sales increased by 15% year-over-year, focusing on addressing labor challenges [8] - Value-added products represented approximately 49% of net sales during Q2 [19] - The multi-family segment saw a decline of 31%, while single-family and repair & remodel segments increased by 1% and 1.5% respectively [17] Market Data and Key Metrics Changes - The single-family growth momentum has stalled due to lower-than-expected starts and affordability challenges [9] - The value of new starts has decreased as the market adapts to affordability issues, with builders opting for smaller and simpler homes [10] - In the Phoenix market, the company supplied materials to 45% more homes, but dollar sales only increased by 15% [18] Company Strategy and Development Direction - The company continues to invest in value-added products, installed services, and digital solutions to enhance customer efficiency and operational effectiveness [5] - A disciplined approach to capital allocation includes a proven M&A strategy and share repurchase program, with nearly $1 billion in shares repurchased in Q2 [13] - The digital platform has seen strong adoption, with over $250 million in orders placed through it since its launch [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in the current housing market but remains confident in long-term growth due to favorable demographic trends and housing underbuilding [27] - The company has lowered its full-year 2024 guidance for net sales to $16.4 billion to $17.2 billion, down from a previous range of $17.5 billion to $18.5 billion [22] - Management expects continued normalization in the multi-family segment and anticipates a rebound in 2025 as rental rates become more favorable compared to mortgage rates [60] Other Important Information - The company completed three acquisitions in Q2 with aggregate 2023 sales of approximately $72 million [12] - The company raised over $1 million for the Leukemia & Lymphoma Society, bringing total contributions to nearly $12 million since 2006 [15] Q&A Session Summary Question: Inquiry about gross margin expectations for Q4 and 2025 - Management indicated that they expect to exit 2024 with gross margins around 31%, with potential headwinds in 2025 due to multi-family normalization [30][40] Question: Clarification on EBITDA guidance changes - The decline in EBITDA guidance is primarily attributed to changes in commodity prices, with the bulk of the decline being due to deleveraging effects [33][36] Question: Multi-family margin normalization and outlook - Management noted that multi-family margins have seen a decline of 50 to 100 basis points, with expectations of continued headwinds throughout the year [50][51] Question: Market share trends and competitive behavior - The company plans to pursue market share in a disciplined manner, focusing on win-win scenarios with customers while maintaining strong margins [52][55] Question: Competitive pricing in the lumber market - Management acknowledged competitive pricing pressures but emphasized their strategy of providing value-added packages to customers [54][57]