Builders FirstSource Sees FY24 Gross Profit Margin 30%-33%, Sees Adj. EBITDA $2.4B-$2.8B
Portfolio Pulse from Benzinga Newsdesk
Builders FirstSource projects FY24 gross profit margin of 30%-33%, adjusted EBITDA of $2.4B-$2.8B, net sales of $17.5B-$18.5B, adjusted EBITDA margin of 14.0%-15.0%, and free cash flow of $1.0B-$1.2B, assuming average commodity prices of $400-$440 per mbf.
February 22, 2024 | 12:08 pm
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POSITIVE IMPACT
Builders FirstSource projects significant financial growth in FY24 with increased gross profit margin, adjusted EBITDA, and free cash flow.
The positive financial projections for FY24, including higher gross profit margins, adjusted EBITDA, and free cash flow, indicate a strong outlook for Builders FirstSource. This is likely to positively influence investor sentiment and potentially drive up the stock price in the short term. The detailed financial forecasts suggest confidence in the company's operational efficiency and market position.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100