BUZZ-Builders FirstSource falls after Q1 profit decline

Reuters05-07

** Shares of building products maker Builders FirstSource

fall 5% to $190.50 premarket

** Co's Q1 net income fell 22.5% to $258.8 mln, or $2.10 per share, compared with $333.8 mln, or $2.41 per share, a year earlier.

** "As we expected, a weakening Multi-Family market and higher mortgage rates driving affordability challenges were headwinds to start the year" - CEO Dave Rush

** Q1 net sales only rose 0.2% to $3.89 billion, slightly above estimates of $3.82 bln - LSEG data

** Stock had risen 20.3% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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