Reports Q3 revenue $4.53B, consensus $4.84B. “Despite industry volatility and macroeconomic headwinds, our resilient third quarter results reflect the strength of our value-added portfolio, broad footprint, and operational initiatives,” commented Dave Rush, CEO of Builders FirstSource. “We remain confident in our 2023 outlook as we focus on being the best partner for our customers and executing our strategy to drive long-term growth.”
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- Builders FirstSource price target lowered to $175 from $200 at Barclays
- Builders First Source put volume heavy and directionally bearish