Builders FirstSource Beats on Both Top and Bottom Lines
Builders FirstSource (NAS: BLDR) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Builders FirstSource beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share increased. GAAP loss per share increased.
Gross margins expanded, operating margins increased, net margins shrank.
Builders FirstSource reported revenue of $398.1 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $383.8 million on the same basis. GAAP reported sales were 46% higher than the prior-year quarter's $271.9 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 $0.01. The four earnings estimates compiled by S&P Capital IQ predicted -$0.04 per share. Non-GAAP EPS were $0.01 for Q2 compared to -$0.07 per share for the prior-year quarter. GAAP EPS were -$0.50 for Q2 against -$0.13 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 20.7%, 100 basis points better than the prior-year quarter. Operating margin was 3.3%, 380 basis points better than the prior-year quarter. Net margin was -12.1%, 770 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $391.4 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $1.46 billion. The average EPS estimate is -$0.06.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 222 members out of 272 rating the stock outperform, and 50 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Builders FirstSource a green thumbs-up, and 13 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 $7.40.
Looking for alternatives to Builders FirstSource? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Builders FirstSource to My Watchlist.
The article Builders FirstSource Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.