Builders FirstSource (BLDR) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared with the immediately preceding quarter but was slightly higher than the same quarter one year earlier. The sequential decline was driven by typical seasonal factors, while the modest year-over-year increase reflected stable demand.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared with the immediately preceding quarter but was slightly higher than the same quarter one year earlier. The sequential decline was driven by typical seasonal factors, while the modest year-over-year increase reflected stable demand.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
-6.3%
Change from the immediately preceding quarter.
Year-over-year
+0.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.1B
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 |
|---|---|---|
| Jun 30, 2023 | $4.5B | -34.6% |
| Sep 30, 2023 | $4.5B | -21.3% |
| Dec 31, 2023 | $4.2B | -4.7% |
| Mar 31, 2024 | $3.9B | +0.2% |
Revenue performance
Revenue declined from the prior quarter, reversing the trend of smaller sequential declines seen in the previous two quarters. The year-over-year comparison showed a marginal increase, consistent with the improving trend observed over the past four quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower, continuing the pattern of sequential declines that have moderated over time. Relative to the same quarter one year earlier, revenue edged higher, marking the first year-over-year increase in the trailing twelve-month period.
What to watch
Monitor whether the sequential revenue trend stabilizes or continues to decline, as the company's filing context mentions no specific drivers for the change.