Builders FirstSource: Rating Downgrade On Poor Near-Term Demand Outlook

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  Posted by Two Blokes May 10 - Filed in Stock - 3 views
  
  I downgraded Builders FirstSource to a sell due to disappointing 1Q25 performance, organic sales declines, and significant margin compression. Multifamily segment remains a major weakness, with a 32.7% y/y organic sales drop and no near-term recovery expected. The single-family market struggles under affordability pressures, with management expecting mid-single-digit declines in starts for FY25.