Builders FirstSource (BLDR) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased slightly from the immediately preceding quarter but declined significantly compared to the same quarter one year earlier. The sequential improvement followed a period of sharper year-over-year declines in prior quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased slightly from the immediately preceding quarter but declined significantly compared to the same quarter one year earlier. The sequential improvement followed a period of sharper year-over-year declines in prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
+0.1%
Change from the immediately preceding quarter.
Year-over-year
-21.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $4.4B | -6.0% |
| Mar 31, 2023 | $3.9B | -31.6% |
| Jun 30, 2023 | $4.5B | -34.6% |
| Sep 30, 2023 | $4.5B | -21.3% |
Revenue performance
The reported revenue direction was a modest sequential gain, maintaining the level seen in the prior quarter after a steep drop in the first quarter of the year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue edged higher. Compared with the same quarter one year earlier, revenue was lower, reflecting a continuation of the year-over-year contraction seen throughout the year.
What to watch
The sustained year-over-year decline in revenue warrants monitoring, as it marks the fourth consecutive quarter of contraction relative to the prior year.