Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Builders FirstSource, Inc. (BLDR - Snapshot Report) reported its financial results for the fourth quarter and year 2012 on Feb 21, 2013. The company reported adjusted loss per share of 8 cents in the quarter compared with a loss of 9 cents reported in the year-ago quarter and the Zacks Consensus Estimate of a loss per share of 7 cents.

For 2012, adjusted net loss reported was 31 cents per share, an improvement over a loss of 38 cents reported in 2011 and the Zacks Consensus Estimate of a loss of 32 cents.

Total revenue in the fourth quarter jumped 49.3% year over year to $287.6 million while that for year 2012 increased 37.4% to $1,070.7 million.

Revenue across various product categories increased in the quarter with Prefabricated components registering revenue increase of 48.7% and Windows & doors revenue increasing by 32.0%. Lumber and lumber sheet goods revenue increased 77.8%, revenue from Millwork jumped 40.5% and that from Other building products & services increased 34.2%. 

Gross profits in the fourth quarter climbed 47.8% year over year and came in at $58.1 million while gross margin settled at 20.2%. As a percentage of revenue, selling, general and administrative expenses represented 20.1%, down 430 basis points over the year-ago quarter.

Exiting the fourth quarter 2012, the company’s cash and cash equivalents (including restricted cash) stood at $143.5 million, down from $160.1 million in the year-ago quarter. Long-term debt balance was at $360.9 million, up 21.3% year over year.

For the full year 2012, cash used in operating activities was $66.9 million, roughly flat compared with 2011 while capital spending increased from $4.8 million in 2011 to $10.4 million.

Builders FirstSource, Inc, with a market capitalization of $566 million, primarily engages in the supply and manufacture of structural and related building products for new residential constructions in the United States.

The stock currently carries a Zacks Rank #2 (Buy). Other stocks to watch out for in the industry are Lumber Liquidators Holdings, Inc. (LL - Snapshot Report) and Travis Perkins plc (TVPKF), both holding a Zacks Rank #1 (Strong Buy) and Beacon Roofing Supply, Inc. (BECN - Analyst Report), with a Zacks Rank #2 (Buy).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ANI PHARMACE ANIP 25.07 +15.96%
BITAUTO HOLD BITA 35.21 +14.42%
E HOUSECHINA EJ 10.97 +9.05%
CANADIAN SOL CSIQ 26.96 +7.10%
KNIGHTSBRIDG VLCCF 12.50 +5.75%