DALLAS (AP) — DALLAS (AP) — Builders FirstSource Inc. (BLDR) on Tuesday reported fourth-quarter net income of $384.5 million.
On a per-share basis, the Dallas-based company said it had net income of $2.62. Earnings, adjusted for one-time gains and costs, came to $3.21 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.
The construction supply company posted revenue of $4.36 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $4.23 billion.
For the year, the company reported profit of $2.75 billion, or $16.82 per share. Revenue was reported as $22.73 billion.
For the current quarter ending in March, Builders FirstSource said it expects revenue in the range of $3.4 billion to $3.7 billion.
Builders FirstSource shares have risen 26% since the beginning of the year. The stock has risen 12% in the last 12 months.
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