Builders FirstSource (BLDR) Q4 Earnings Beat, Net Sales Miss

Builders FirstSource, Inc. (BLDR) reported impressive earnings in fourth-quarter 2023. The bottom line surpassed the Zacks Consensus Estimate and improved from the previous year. Despite a challenging operating environment in 2023, where single-family starts witnessed significant reduction, the company delivered mid-teens or better adjusted EBITDA margin for 11 consecutive quarters.Shares of this manufacturer and supplier of building materials gained 5.3% on Feb 22.Net sales surpassed the consensus mark but ...