IRVING, Texas (AP) — IRVING, Texas (AP) — Builders FirstSource Inc. (BLDR) on Tuesday reported fourth-quarter profit of $31.5 million.
On a per-share basis, the Irving, Texas-based company said it had net income of 28 cents. Earnings, adjusted for one-time gains and costs, were $1.12 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The construction supply company posted revenue of $3.36 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $3.44 billion.
For the year, the company reported profit of $435.2 million, or $3.89 per share. Revenue was reported as $15.19 billion.
Builders FirstSource expects full-year revenue in the range of $14.8 billion to $15.8 billion.
Builders FirstSource shares have increased 12% since the beginning of the year. The stock has fallen 25% in the last 12 months.
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