Builders FirstSource's Q4 Earnings Exceed Expectations

Builders FirstSource Inc BLDR reported fourth-quarter FY21 sales growth of 83% year-on-year, to $4.63 billion, beating the consensus of $4.29 billion.
The company attributed the sales growth to the merger with BMC, double-digit organic growth, and commodity inflation.
Net sales rose 23.7% compared to the combined pro forma prior-year period.
The gross profit rose 52.5% compared to the combined pro forma prior-year period to $1.5 billion with a gross profit margin of 32.1%.
Selling, general and administrative expenses were $864 million, an increase of 28.0% from the combined pro forma prior-year period.
The operating margin was 13.4%, and operating income for the quarter was $621.8 million.
Adjusted EBITDA surged to $793.4 million with an adjusted EBITDA margin of 17.1%.
Adjusted EPS of $2.78 beat the consensus of $1.91.
The company held $42.6 million in cash and equivalents as of December 31, 2021.
Price Action: BLDR shares are trading lower by 1.79% at $73.09 on the last check Tuesday.

Momentum20.69

Growth30.42

Quality80.56

Value41.27

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