IRVING, Texas (AP) — IRVING, Texas (AP) — Builders FirstSource Inc. (BLDR) on Tuesday reported first-quarter profit of $258.8 million.
On a per-share basis, the Irving, Texas-based company said it had profit of $2.10. Earnings, adjusted for one-time gains and costs, came to $2.65 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.
The construction supply company posted revenue of $3.89 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.81 billion.
Builders FirstSource expects full-year revenue in the range of $17.5 billion to $18.5 billion.
Builders FirstSource shares have risen 20% since the beginning of the year. The stock has increased 88% in the last 12 months.
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