earnings
confidence high
sentiment positive
materiality 0.80
Q1 net sales $5.7B +36% YoY; net income $639.6M +271% YoY; board authorizes $2B buyback
Builders FirstSource, Inc.
2022-Q1 EPS reported
$3.56
revenue$5,681,131,000
- Net sales $5.7B (+36.1% YoY); core organic sales +15.0%; commodity inflation contributed 12.8%.
- Net income $639.6M ($3.56 EPS) vs $172.6M ($0.83 EPS); adjusted EPS $3.90 vs $1.42.
- Adjusted EBITDA $1.0B (+119.8% YoY), margin 17.6% (+670 bps).
- Board authorized new $2B share repurchase plan, replacing prior authorization; YTD repurchased 7.9M shares for $552.9M.
- 2022 free cash flow guidance raised to $2.0-2.4B; acquired Panel Truss ($150M) and Valley Truss ($30.5M) in April.