Builders Firstsource ( (BLDR) ) has released its Q4 earnings. Here is a breakdown of the information Builders Firstsource presented to its investors.
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Builders FirstSource, Inc. is the largest U.S. supplier of building products, prefabricated components, and value-added services for new residential construction and remodeling, operating across 43 states with approximately 590 locations.
Builders FirstSource recently released its earnings report for the fourth quarter and full-year 2024, showing a decrease in net sales and net income driven by lower core organic sales and commodity deflation. However, the company highlighted resilience and strategic growth through acquisitions and operational excellence.
Key financial metrics showed a decline in net sales to $3.8 billion in Q4, an 8.0% decrease year-over-year. The gross margin fell by 300 basis points to 32.3%, and net income dropped to $190.2 million, a 45.8% decrease from the previous year. For the full year, net sales were down 4.1% to $16.4 billion, with a net income of $1.1 billion, a 30% decrease from 2023. Despite this, BFS continued its share repurchase program, buying back 8.9 million shares in 2024.
Builders FirstSource remains optimistic about the future, focusing on value-added solutions and leveraging technology to address customer needs. The company expects net sales for 2025 to range between $16.5 billion and $17.5 billion, with a gross profit margin between 30% and 32%, indicating confidence in its strategic initiatives and market positioning.
