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Analyst

Brian Biros

Thompson Research Group · covers Industrials

Period: Reporting periods mapped to calendar 2024 Q4 – 2025 Q2 (3 quarters).

Limited coverage. Only 7 questions of coverage. Treat these numbers as directional — sample too small for reliable averages.
Questions
7on tracked calls
Challenge rate
0%none of 7 questionsLimited sample
Companies
2questioned at least once
Reporting periods
3with questions

These figures cover the whole profile: every tracked question, all reporting periods.

How to read these numbers

Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.

Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.

No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.

Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.

Small samples. Profiles with fewer than 10 questions are marked Limited sample.

Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.

Questions asked

Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.

Showing 7 of 7 questions from 2 companies

BLDRBuilders FirstSource5 questions · 3 reporting periods · 0 of 5 challenging
BLDR company page →

Calendar 2025 Q2

Does that apply a drop into negative here in the back half or is that kind of still steady and you're just outpacing the flat outlook for R&R?

DemandRevenue GrowthTranscript · FY2025 Q2 →
Show response

CFO clarified flat R&R is a market estimate, not BLDR's sales. BLDR outpacing the flat market outlook.

Calendar 2025 Q1

The R&R segment was, I believe, up in the quarter. I know you cited some regional strengths there. Can you just expand on what drove that performance?

DemandRevenue GrowthTranscript · FY2025 Q1 →
Show response

CFO attributed Q1 R&R strength to lumber and sheet categories. CEO added R&R is a more stable, modest-size part of business with regional blending effects.

how are your, I guess, customers is managing activity in orders here with this weaker demand, but prices may be rising? Are you seeing anything of pre-buy or forward activity

Show response

CEO confirmed no pre-buying activity. Builders focused on substitutions and design optimization for cost reduction rather than pulling orders forward.

Calendar 2024 Q4

Any expectations for install for 2025 or how that kind of factors into the guide

Show response

CEO declined to give specific install guidance but signaled optimism through emphasis on it being a priority.

is there any way to think about variance by region in that guide for you guys

Show response

CEO declined to provide regional detail, deflecting with a Yogi Berra quip about forecasting.

FERGFerguson plc2 questions · 1 reporting period · 0 of 2 challenging
FERG company page →

Calendar 2024 Q4

On the gross margin performance, can you touch on the things that are in your control to help margins?

Show response

CFO cited own brand (just under 10% of revenue), pricing analytics/tools, and charging for value-added solutions as controllable gross-margin levers over time.

can you just frame how that's progressing here in a down residential environment

DemandRevenue GrowthTranscript · FY2025 Q1 →
Show response

CEO said HVAC grew 10% on a 4% comp with 400-plus counters built out (targeting 500 by year end, 650 within 24 months); a recovery in residential and new construction would add further upside.

Challenge rate by company

Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.

CompanyQuestionsChallenge rate
BLDR Builders FirstSource50%none of 5 questions
FERG Ferguson plc2—Rate withheld: fewer than 3 questions
  • BLDR
    Builders FirstSource · 5 questions
    0%none of 5 questions
  • FERG
    Ferguson plc · 2 questions
    —rate withheld: under 3 questions

Activity by reporting period

Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.

Questions by calendar reporting period
Calendar periodQuestionsChallenge rateCompanies
2024 Q440%none of 4 questions2
2025 Q120%none of 2 questions1
2025 Q210%none of 1 question1
  1. 2024 Q44 questions · challenge rate 0% (none of 4 questions) · 2 companies
  2. 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
  3. 2025 Q21 question · challenge rate 0% (none of 1 question) · 1 company

Topics

Topics tagged on this analyst’s questions.

  • Demand5
  • Revenue Growth4
  • Pricing2
  • Margin1