Earnings To Watch: Builders FirstSource (BLDR) Reports Q2 Results Tomorrow

Building materials company Builders FirstSource (NYSE:BLDR) will be reporting results this Thursday before the bell. Here’s what you need to know.

Builders FirstSource beat analysts’ revenue expectations last quarter, reporting revenues of $3.29 billion, down 10.1% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but full-year EBITDA guidance missing analysts’ expectations significantly.

Is Builders FirstSource a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Builders FirstSource’s revenue to decline 7.4% year on year, a further deceleration from the 5% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Builders FirstSource has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Builders FirstSource’s peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 6.3%, beating analysts’ expectations by 1.9%, and Apogee reported a revenue decline of 1.1%, topping estimates by 3.4%. Simpson traded up 2.6% following the results.

Read our full analysis of Simpson’s results here and Apogee’s results here.

Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the building products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Builders FirstSource is down 18.6% during the same time and is heading into earnings with an average analyst price target of $96.52 (compared to the current share price of $73.70).

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