Awesome earnings report and positive adjusted EPS and this is what we get? I know lumber prices are starting to creep up again, but with positive growth in housing (especially in the South) I still feel BLDR has upside.
$48,206,000 net loss is not what I consider awesome. Over 15% of their gross sales is going to interest expense. Hard to make a profit under that scenario. The only ones making any money off this company are the banks.
The interest expense for the quarter was higher than usual because of refinancing costs. The refinance is going to help lower interest expense going forward. The company has guided that annual cash interest going forward will be $28M.