Builders FirstSource Sees FY24 CapEx $400M-$500M Vs $401.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Builders FirstSource projects its FY24 capital expenditures to be between $400M-$500M, closely aligning with the estimated $401.96M.

February 22, 2024 | 12:09 pm
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Builders FirstSource projects FY24 CapEx to be between $400M-$500M, aligning with the $401.96M estimate.
The projected CapEx range for FY24 by Builders FirstSource is very close to the market estimate, indicating that the company's investment plans are in line with market expectations. This alignment suggests a neutral impact on the stock price in the short term as it does not significantly deviate from what investors were already expecting.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90