BUZZ-Builders FirstSource slips after Q4 sales, 2025 forecast miss

Builders FirstSource BLDR.N shares down 3.6% premarket to $139.60 after Q4 sales and 2025 forecasts were shy of Wall Street expectations

Irving, Texas-based building products manufacturer reported Q4 net sales of $3.8 bln, down 8% y/y, below LSEG estimate of $3.9 bln

For 2025, co forecasts net sales of $16.5-$17.5 bln, midpoint of which below analysts' expectation of $17.3 bln, and adj EBITDA of $1.9-$2.3 bln vs consensus view of $2.3 bln

Full-year outlook assumes single-family home starts projected roughly flat, multi-family starts down mid-teens, and repair and remodel (R&R) to be up low-single digits

For Q4, it posted adj EBITDA of $493.6 mln, down 28% from a year ago, but topping estimate of $480.2 mln

Of 20 analysts covering BLDR, recommendation breakdown is 16 "strong buy" or "buy", 4 "hold"; median PT of $200 down from $220 two months ago - LSEG

Through Weds close, BLDR shares have fallen 21% over the past year. That compares to ~18% gain in S&P 500 Industrials .SPLRCI and ~23% advance in S&P 500 .SPX in same time frame