logo
Share SHARE
FONT-SIZE Plus   Neg

Builders FirstSource Q1 Loss Narrows

Builders FirstSource Inc. (BLDR) Thursday said its first-quarter loss narrowed from last year, despite a 35 percent revenue growth.

First-quarter loss narrowed to $19.1 million or $0.20 per share from $21.1 million or $0.22 per share in the year-earlier period.

Adjusted net loss from continuing operations was $10 million or $0.11 per share, compared to $12.5 million or $0.13 per share last year. On average, three analysts polled by Thomson Reuters expected the company to lose $0.14 per share in the first quarter. Analysts' estimates typically exclude special items.

Net revenue totaled $219.4 million, up 34.7 percent from $162.8 million last year. Analysts expected revenues of $190.67 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations. Ford Motor Co.'s new CEO Jim Hackett has taken a more cautious approach to the automaker's plans for rolling out autonomous vehicles. Ford is currently undertaking a 100-day review of its operations and Hackett indicated at delays to the company's plans to launch a fully-autonomous vehicle by 2021.
comments powered by Disqus
Follow RTT