Builders FirstSource (NASDAQ:BLDR) announced its results for the second quarter on July 19, 2012.
Earnings and Revenue The company experienced stronger-than-expected EPS and revenues. The company reported EPS of 13 cents a share versus the loss of 5 cents a share estimate and revenues of $271.9 million versus the $245 million estimate.
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Revenue climbed 31.7% from $206.4 million in the same period last year.
Company Fundamental Trends The company's revenue has grown during at least each of the past four quarters on a year-over-year basis.
History Against Expectations The company has now topped analyst estimates for the last three quarters.
Official Comment: "We delivered our best operating performance in nearly five years, reporting positive Adjusted EBITDA of $2.1 million for the second quarter, and improving to break-even Adjusted EBITDA June year-to-date," said Floyd Sherman, Builders FirstSource Chief Executive Officer. "Our second quarter sales grew 31.7 percent compared to the second quarter of 2011. Over the same time period, actual single-family housing starts in the South Region increased 21.3 percent while single-family units under construction increased 1.5 percent. Our topline growth far exceeded the increase in residential construction activity, and we met our primary goal for the quarter of getting back to positive EBITDA."
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.