BUILDERS FIRSTSOURCE Reports Q2 FY2023 Financial Earnings Results
August 7, 2023
🌥️Earnings Overview
For the second quarter of FY2023 ended June 30, 2023, BUILDERS FIRSTSOURCE ($NYSE:BLDR) reported total revenue of $4528.9 million, a 34.6% decrease from the same period last year. Net income also declined 59.0% year-on-year, amounting to USD 404.6 million.
Market Price
On Wednesday, BUILDERS FIRSTSOURCE reported their financial earnings results for the second quarter of fiscal year 2023. The company’s stock opened at $156.8 and closed at $148.6, an increase of 1.3% from the last closing price of $146.8. Overall, BUILDERS FIRSTSOURCE’s earnings report for the second quarter of 2023 showed a positive financial performance compared with prior year results. The company’s stock rose by 1.3% on Wednesday following the release of their financial results, indicating investor optimism in the company’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Builders Firstsource. More…
| Total Revenues | Net Income | Net Margin |
| 18.53k | 1.86k | 10.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Builders Firstsource. More…
| Operations | Investing | Financing |
| 3.52k | -962.2 | -2.63k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Builders Firstsource. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.73k | 6.39k | 34.73 |
Key Ratios Snapshot
Some of the financial key ratios for Builders Firstsource are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.3% | 87.0% | 13.9% |
| FCF Margin | ROE | ROA |
| 16.5% | 35.9% | 15.1% |
Analysis
At GoodWhale, we recently conducted an analysis of BUILDERS FIRSTSOURCE‘s wellbeing. After assessing the company’s financial and business aspects, we have determined that BUILDERS FIRSTSOURCE is a medium risk investment according to our Risk Rating. Upon further inspection of the company’s income sheet and balance sheet, we detected two risk warnings which may affect its long-term sustainability. If you would like to learn more about these potentially impactful warnings, we invite you to register on our website and investigate further. More…
Peers
The company’s competitors include Noda Corp, Eurocell PLC, and Masco Corp.
– Noda Corp ($TSE:7879)
Noda Corp is a Japanese company that manufactures and sells electronic products. The company has a market cap of 19.66B as of 2022 and a ROE of 17.42%. The company’s products include digital cameras, digital camcorders, digital photo frames, and digital audio players.
– Eurocell PLC ($LSE:ECEL)
Eurocell PLC is a provider of building products and solutions in the United Kingdom. The company offers PVC-U, composite, and aluminum products for the construction, refurbishment, and maintenance sectors. It also provides ancillary products, such as trims, fixings, and adhesives. The company offers its products through a network of trade branches and stockists.
– Masco Corp ($NYSE:MAS)
Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. The Company’s products include cabinetry, plumbing, door and window hardware, and decorative architectural products. The Company operates through four segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products and International. The Plumbing Products segment designs, manufactures and distributes faucets, showerheads, shower systems, bath hardware and other plumbing products for the home under the Delta®, Hansgrohe®, Brizo®, Peerless®, Globe Union®, Show House®, Newport Brass®, KOHLER® and Jado® brands. The Decorative Architectural Products segment provides a broad range of products, including builder hardware, window hardware, cabinet hardware, wall plates, hooks and other decorative products under the Kwikset®, Weiser Lock®, Baldwin®, National Hardware®, Stanley Hardware®, Emtek®, Atlas Homewares®, Alno® and Belwith® brands. The Cabinetry Products segment is a leading manufacturer and distributor of branded kitchen and bath cabinets and related accessories under the KraftMaid®, Merillat®, QualityCabinets®, DeKor®, UltraCraft®, Wellborn Forest® and Kitchen Kompact® brands. The International segment provides products for the global kitchen and bath markets under the same brands as the Cabinetry Products segment.
Summary
Investors may be disappointed with BUILDERS FIRSTSOURCE‘s financial performance in the second quarter of FY2023, as total revenue decreased by 34.6% and net income dropped by 59.0%. However, it is important to remember that these decreases were in comparison to the same quarter of the previous year, and that the company will likely continue to adapt and improve as the economy recovers from the pandemic. Going forward, investors should focus on BUILDERS FIRSTSOURCE’s ability to execute their business strategy and generate sustainable profits.
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