Builders FirstSource's (BLDR) Shares Dip on Q2 Earnings Miss

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 ...