Builders FirstSource Q3 Earnings Top Estimates

Builders FirstSource Inc BLDR reported third-quarter FY22 sales growth of 4.6% year-on-year to $5.80 billion, beating the consensus of $5.28 billion.
The gross profit grew 17.6% to $2.0 billion, and the profit margin expanded 390 basis points to 35%.
Selling, general, and administrative expenses rose 14.3% to $1.0 billion.
The operating margin was 17.6%, and operating income for the quarter rose 21.1% to $1.01 billion.
The company held $84.9 million in cash and equivalents as of September 30, 2022.
Cash provided by operating activities for the quarter totaled $1.5 billion, with a free cash flow of $1.4 billion.
Adjusted EBITDA increased 20.1% Y/Y to $1.2 billion.
Adjusted EPS of $5.20 beat the analyst consensus of $3.32.
In Q3, the company repurchased $658.2 million of its shares.
"We are winning new business and strengthening existing customer relationships by providing customers individualized solutions and excellent service, which make us a partner of choice," commented CEO Dave Flitman.
Outlook: Builders FirstSource sees FY22 sales of $22.5 billion - $23 billion versus the consensus of $22.03 billion.
It expects FY22 adjusted EBITDA of $4.2 billion - $4.4 billion and adjusted EBITDA margin of 18.5% - 19.5%.
Price Action: BLDR shares are trading higher by 5.16% at $60.90 on the last check Tuesday.

Momentum16.64

Growth22.55

Quality92.67

Value38.69

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