Builders FirstSource, Inc. (BLDR) manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States.
The company operates through four segments: Northeast, Southeast, South, and West.
It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
The company also offers gypsum, roofing, and insulation products, including wallboards, ceilings, joint treatments, and finishes; and siding, metal, and concrete products, such as vinyl, composite, and wood siding products, as well as exterior trims, other exteriors, metal studs, and cement products.
In addition, it provides other building products and services, such as cabinets and hardware, as well as turn-key framing, shell construction, design assistance, and professional installation services.
On November 4th, company reported 3rd Quarter September 2021 earnings of $3.39 per share on revenue of $5.5 billion. The consensus earnings estimate was $1.56 per share on revenue of $4.8 billion. Revenue grew 140.0% on a year-over-year basis.
The company said it expects 2021 revenue of $19.30 billion to $19.80 billion, including BMC. The company's previous guidance was revenue of $18.0 billion to $19.0 billion and the current consensus revenue estimate is $18.52 billion for the year ending December 31, 2021.
Shares are in the process of breaking out of a shallow bullish "cup and handle." Higher share prices are expected.
Entry Point: $75.50
Trading Range: $34.76 to $80.95
Stop Loss: $72.00
Target Price: $83.00