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Strategies & Market Trends : Value Investing
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Ditchdigger
To: E_K_S who wrote (70216)5/10/2022 8:05:17 AM
From: E_K_S1 Recommendation  Read Replies (1) of 78958
 
Buying Value continues to work - Builders Firstsource (BLDR) - Blow Out Earnings

Builders FirstSource Reports Record First Quarter 2022 Results

Record First Quarter Net Sales, Gross Margin, Net Income and Adjusted EBITDANet sales of $5.7 billion increased 36.1%Core Organic Sales Growth of 15.0%Net income increased 270.6% to $639.6 millionAdjusted EBITDA increased 119.8% to $1.0 billionAcquired Two Value-Added Companies in April$2 Billion Share Repurchase Authorization



Net sales of $5.7 billion for the quarter increased 36.1% driven by double-digit core organic growth, commodity inflation and acquisitions.

Net income grew 270.6% to $639.6 million, or $3.56 per diluted share, and adjusted net income increased 136.5% to $700.8 million, or $3.90 per diluted share.

Adjusted EBITDA increased 119.8% to a first quarter record of $1.0 billion driven by commodity inflation, double-digit core organic growth, acquisitions and strong demand in the residential housing market.
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