Builders FirstSource (BLDR) Stock

Lately, users of Zacks.com have been focusing on Builders FirstSource (BLDR). This interest prompts a closer look at what the stock might offer.

BLDR is expected to gain advantages from buying Alpine Lumber Company, with the deal expected to finalize at the start of the first quarter of 2025.

DALLAS--(BUSINESS WIRE)--Builders FirstSource, Inc. (NYSE: BLDR) has revealed that it has signed a final agreement to purchase Alpine Lumber Company. Established in 1963 in Englewood, Colorado, by the Kurtz family, Alpine is now fully employee-owned and operates 21 locations that provide a wide range of products to homebuilders and contractors in Colorado and northern New Mexico.

Builders FirstSource (BLDR) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

Builders FirstSource (BLDR) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.

Lately, users of Zacks.com have been focusing on Builders FirstSource (BLDR). This interest prompts a closer look at what the stock might offer.

Builders FirstSource's stock has risen by 45% in the last year, but it has dropped 10% from its peak because high mortgage rates are affecting construction. The results for the third quarter were mixed, showing a 7% drop in revenue but positive margin information, which caused a 5% increase in share price. The company is expanding into value-added products to stabilize prices and has produced $1.2 billion in free cash flow so far this year.

Builders FirstSource (BLDR) reported quarterly earnings of $3.07 per share, which is slightly below the Zacks Consensus Estimate of $3.09 per share. This is a decrease compared to earnings of $4.24 per share from the same period last year.

The Builders FirstSource, Inc. (NYSE:BLDR) Q3 2024 Earnings Call is scheduled for November 5, 2024, at 9:00 AM ET. Key company participants include CEO Dave Rush, CFO designate Peter Jackson, and SVP of Investor Relations Heather Kos. Various analysts from firms like Barclays, Goldman Sachs, and Bank of America will also be joining the call.