The 10-second takeaway
For the quarter ended March 31 (Q1), Builders FirstSource beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share shrank. GAAP loss per share dropped.
Gross margins contracted, operating margins grew, net margins increased.
Builders FirstSource logged revenue of $319.7 million. The four analysts polled by S&P Capital IQ anticipated a top line of $295.5 million on the same basis. GAAP reported sales were 46% higher than the prior-year quarter's $219.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.07. The four earnings estimates compiled by S&P Capital IQ forecast -$0.10 per share. Non-GAAP EPS were -$0.07 for Q1 versus -$0.11 per share for the prior-year quarter. GAAP EPS were -$0.12 for Q1 against -$0.20 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.5%, 110 basis points worse than the prior-year quarter. Operating margin was 0.4%, 310 basis points better than the prior-year quarter. Net margin was -3.7%, 500 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $352.7 million. On the bottom line, the average EPS estimate is -$0.04.
Next year's average estimate for revenue is $1.36 billion. The average EPS estimate is -$0.15.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 227 members out of 277 rating the stock outperform, and 50 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Builders FirstSource a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Builders FirstSource is outperform, with an average price target of $6.60.
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