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SWEEEET!!! BLDR Builders Firstsource beats by $0.21, beats

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Zephyr   Thursday, 04/19/12 06:09:01 PM
Re: None
Post # of 197 
SWEEEET!!! BLDR Builders Firstsource beats by $0.21, beats on revs


Reports Q1 (Mar) earnings of $0.09 per share, $0.21 better than the Capital IQ Consensus Estimate of ($0.12); revenues rose 34.8% year/year to $219.4 mln vs the $190.67 mln consensus. CEO concluded, "We are very encouraged by our first quarter results and expect the momentum we have gained to continue to reflect positively on our 2012 financial results. We remain optimistic about the long-term health of our industry and our ability to position the co to take advantage of further improvements in housing. The recently announced opening of our Jarrell, TX distribution facility and our entry into the greater Austin market is a perfect example of our optimism and positioning of the co for continued growth. My sincere gratitude goes out to all Builders FirstSource employees for their ongoing dedication and commitment to see the Co return to profitability."

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