Did Builders Firstsource beat or miss consensus estimates last quarter?

What is Builders Firstsource's gross profit margin?

What does Builders Firstsource do and what are its main business segments?

What is the revenue and EPS growth rate for Builders Firstsource year over year?

What were the key takeaways from Builders Firstsource’s earnings call?

What is Builders Firstsource's latest dividend and current dividend yield?

What is the market's earnings forecast for Builders Firstsource next quarter?

What were the key takeaways from Builders Firstsource's earnings call?

- **Resilient Margins**: Maintained 30%+ gross margin despite 12% sales decline, driven by value-add solutions and cost controls.
- **Strategic Acquisitions**: $110M invested in 2025 to expand modular housing, truss production, and digital capabilities.
- **Cost-Action Impact**: $100M cost reduction plan positions for 2026 EBITDA of $1.3-1.7B, with 8.8-10.8% margin range.
- **Digital Growth**: Digital platform quote volume up 130% YoY, showcasing customer adoption of AI-driven solutions.
- **2026 Outlook**: Flat to +1% single-family starts expected, with second-half recovery as builder inventory normalizes.

**【CEO Summary Section】**
- **Market Challenges**: CEO Peter Jackson highlighted 2025 as a year of navigating housing affordability issues, depressed commodity prices, and soft starts. Despite these headwinds, the company maintained gross margins above 30% and EBITDA margins above 10%.
- **Strategic Investments**: $110 million invested in value-added operations, including acquisitions like Pleasant Valley Homes (modular housing) and Premium Building Components (NY truss/wall panel). These moves aim to address builder inefficiencies and labor shortages.
- **Operational Excellence**: 2025 productivity savings of $48 million through supply chain initiatives. Facility consolidations reduced fixed costs while maintaining 92% on-time delivery.
- **Digital Transformation**: Digital platform processed $7 billion in quotes (130% YoY growth). SAP implementation pilots underway to enhance efficiency and scalability.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Net sales $3.4 billion (-12% YoY), adjusted EBITDA $275 million (-44% YoY). Gross margin 29.8% (-250bps YoY) due to lower starts and commodity deflation.
- **Cost Actions**: $100 million in cost reductions ($75M YoY savings, $25M avoidance) through headcount adjustments, facility closures, and expense controls. 2026 guidance includes flat to +1% single-family starts, 28.5-30% gross margin range.
- **Cash Flow**: Free cash flow $874 million (8% yield). $500 million 2026 free cash flow target reflects working capital investment amid slower market recovery.
- **Balance Sheet**: Net debt/EBITDA 2.7x, no maturities until 2030. $500M share buyback authorization remains.

**【Q&A Highlights】**
- **2026 Outlook**: First half softer due to builder inventory digestion, second half recovery as 2025 starts decline laps. Multifamily quoting activity improving but lags 9-12 months.
- **Gross Margin Resilience**: 28.5-30% guidance reflects cautious macro, but management confident in 30%+ through disciplined pricing and value-add penetration.
- **Modular Housing Expansion**: Pleasant Valley Homes acquisition positions for semi-custom modular homes. Early analysis suggests cost parity with on-site construction.
- **Competitive Position**: 2025 M&A added $2.3B annual sales, equivalent to top-10 LBM player. Scale and integration expertise give competitive edge.


Builders FirstSource, Inc. (BLDR) Q4 2025 Earnings Call Transcript

- **Resilient Execution**: Maintained flat market share despite 12% single-family and 20% multifamily volume declines, driven by disciplined pricing and value-added solutions.
- **Strategic Growth**: $2M+ investments in capacity expansion and $11M Q3 productivity savings position for recovery. Acquired 3 companies in Q3 to fill key market gaps.
- **Digital Acceleration**: Digital tools processed $2.5B in orders YTD, with AI-driven quoting and SAP implementation to enhance efficiency. Install business grew 10% YoY.
- **2026 Outlook**: Scenario analysis shows 10.5-12.5% EBITDA margin in normalized starts environment, supported by digital and ERP investments.
- **Financial Discipline**: 8% free cash flow yield, 2.3x net debt/EBITDA, and $500M remaining on share buyback authorization.

**【CEO Summary Section】**
- **Market Resilience**: Despite a 12% decline in single-family starts and 20% drop in multifamily activity,Builders FirstSource maintained flat to slightly increased market share through disciplined pricing and value-added solutions.
- **Strategic Investments**: $2 million+ invested in 2025 to expand millwork and truss manufacturing capacity in 7 states, supporting long-term growth. Q3 productivity savings of $11 million from supply chain initiatives.
- **Digital Transformation**: Digital tools processed $2.5 billion in orders and $5 billion in quotes YTD, with AI-driven quoting and ERP implementation (SAP) underway to enhance operational efficiency.
- **M&A Activity**: Acquired St. George Truss Co., Builders Door & Trim, and Ryston Construction in Q3, closing a key Las Vegas door/millwork gap and adding $200+ million in annualized revenue.

**【CFO Financial Commentary】**
- **Q3 Financials**: Net sales $3.9B (-6.9% YoY), adjusted EBITDA $434M (-31% YoY), adjusted EPS $1.88 (-39% YoY). Free cash flow $465M, 12-month free cash flow yield 8%.
- **2025 Outlook**: Guided to $15.1-15.4B net sales, $1.625-1.675B adjusted EBITDA (10.6-11.1% margin). 2026 scenarios assume single-family starts flat to +5%, with EBITDA margin 10.5-12.5%.
- **Leverage Management**: Net debt/EBITDA 2.3x, fixed charge coverage 6x. $500M remaining on $1B share repurchase authorization.

**【Q&A Highlights】**
- **Market Share Stability**: Flat to slightly up Q3 despite 8% YoY single-family starts decline, driven by value-added solutions and digital tool adoption.
- **Multifamily Recovery**: 8-9% of sales, expected to remain muted in 2025 but green shoots in quoting activity suggest potential 2026 recovery.
- **Digital Tool Impact**: Install business (+10% YoY) and digital quoting tools driving incremental sales, with AI capabilities to accelerate in 2026.
- **2026 Scenario Analysis**: Normalized starts environment could yield 10.5-12.5% EBITDA margin, with key drivers including SAP implementation savings and digital tool efficiency gains.
- **Risk Management**: Maintained 92% on-time delivery rate through 16 facility consolidations YTD, preserving operational flexibility for recovery.


Builders FirstSource, Inc. (BLDR) Q3 2025 Earnings Call Transcript

- **Housing Market Headwinds**: Q2 sales down 5% YoY due to 23% decline in Single-Family starts and 28% drop in Multi-Family sales. 
- **Operational Resilience**: Maintained 92% on-time delivery, generated $5M productivity savings, and repurchased 3.3M shares. 
- **Digital Growth**: Digital tools drove $2B+ in orders (+400% YoY), with SAP ERP pilot launched in 22 locations. 
- **Financial Flexibility**: 2.3x net debt ratio, $255M free cash flow, and $750M bond issuance to strengthen balance sheet. 
- **2025 Outlook**: Guided for $14.8-15.6B sales, $1.5-1.7B EBITDA, and 29-30.5% gross margin, with Q3 sales $3.65-3.95B.

**【CEO Summary Section】**
- **Market Challenges**: Q2 sales impacted by softer housing market (lower starts, affordability concerns), with Single-Family starts down 23% YoY and Multi-Family sales down 28%. 
- **Investment in Growth**: $35M+ spent on value-added solutions (e.g., new millwork facility in Florida, 7 plant expansions/ upgrades), generating $5M in productivity savings.
- **Operational Efficiency**: Consolidated 8 facilities to align capacity, maintaining 92% on-time delivery rate. 
- **Digital Transformation**: Over $2B in orders and $4B in quotes through BFS digital tools, up 400% and 300% YoY. Launched SAP ERP pilot in 22 locations.
- **M&A Activity**: Acquired Truckee-Tahoe Lumber ($120M prior year sales) to expand Northern CA/NV presence. 35 acquisitions since 2021 merger.

**【CFO Financial Commentary】**
- **Topline Performance**: Q2 net sales $4.2B (-5% YoY), driven by organic decline (-7%) and commodity deflation (-3%), partially offset by +12% M&A growth.
- **Profitability**: Adjusted EBITDA $506M (-24% YoY), margin 12% (down 300bps). Adjusted EPS $2.38 (-32% YoY). 
- **Cash Flow**: Free cash flow $255M, trailing 12M FCF yield 9%. Share buybacks added $0.18 EPS.
- **Balance Sheet**: Net debt/EBITDA 2.3x, fixed charge coverage 6x. Completed $750M bond issuance to refinance ABL.
- **2025 Guidance**: Net sales $14.8-15.6B, EBITDA $1.5-1.7B, gross margin 29-30.5%. Q3 sales $3.65-3.95B, EBITDA $375-425M.

**【Q&A Highlights】**
- **Competitive Positioning**: Maintained >90% on-time delivery, focused on affordability solutions (e.g., product substitutions, digital tools). 
- **Gross Margin Improvement**: Q2 gross margin 30.7% (up 20bps vs. Q1), driven by better-than-expected multi-family and R&R performance. 
- **Commodity Outlook**: Lumber stable at >$400/MBF due to tariffs, but OSB oversupply continues to pressure margins. 
- **Digital Adoption**: Smaller builders adopting BFS tools faster, with 3D digital twins reducing waste. 
- **Leverage Strategy**: Maintaining 2.3x net debt ratio, prioritizing M&A and share buybacks when conditions improve.

Builders FirstSource, Inc. (BLDR) Q2 2025 Earnings Call Transcript

- **Resilient Q1 Results**: $3.7B net sales (-6% YoY) with $1.1B gross profit, despite macro challenges.
- **Digital Growth Momentum**: $153M incremental digital sales, targeting $200M+ in 2025.
- **Margin Management**: 30.5% gross margin (-290bps YoY), with plans to balance share gains and margin stability.
- **Capital Flexibility**: $500M buyback authorization, maintaining 1-2x leverage target.
- **Tariff Preparedness**: Anticipating $175M-$250M annual impact, with strategies to pass costs through.


**【CEO Opening Remarks】**
- Highlighted resilient Q1 results amid macro challenges, emphasizing operational excellence and strategic investments in value-added products, digital tools, and internal systems.
- Noted $23M invested in new facilities and $19M incremental digital sales, with a target of $200M incremental digital sales in 2025.
- Acknowledged soft single-family starts and multifamily headwinds but maintained confidence in long-term growth through affordability-focused solutions and disciplined capital allocation.

**【CFO Financial Highlights】**
- Q1 net sales: $3.7B (-6% YoY), driven by lower organic sales, one fewer selling day, and commodity deflation.
- Gross profit: $1.1B (-14% YoY), with gross margin at 30.5% (-290bps YoY) due to margin normalization and below-normal starts.
- Adjusted EBITDA: $369M (-32% YoY), with margin at 10.1% (-380bps YoY).
- Adjusted EPS: $1.51 (-43% YoY), benefiting from $0.11 share buyback impact.
- Free cash flow: $45M, with trailing 12-month free cash flow yield at 9%.
- 2025 guidance: Net sales $16.05B-$17.05B, EBITDA $1.7B-$2.1B, gross margin 29%-31%, and free cash flow $800M-$1.2B.

**【Q&A Key Takeaways】**
- **Market Share & Margin Balance**: CEO reaffirmed focus on increasing share while maintaining margins, citing cost advantages and customer partnerships. CFO noted margins are strong but expect drift lower through the year due to below-normal starts.
- **Digital Strategy Progress**: $153M incremental digital sales since launch, targeting $334M by year-end. Tools are well-received by smaller builders, with plans to expand to larger builders.
- **Capital Allocation**: Authorized $500M share buyback, prioritizing balance sheet strength (1-2x net debt/EBITDA). M&A pipeline remains cautious amid market uncertainty.
- **Commodity & Tariff Impact**: Lumber prices expected to stabilize, with potential $175M-$250M annual tariff impact. Pass-through strategy will mitigate margin pressure.
- **Productivity Savings**: $17M in Q1, targeting $70M-$90M annually, driven by supply chain and manufacturing efficiencies.


Builders FirstSource (BLDR)-1 May 25-2025 Q1 Earnings call transcript

- **Resilient Performance**: 2024 gross margin of 33% and EBITDA margin of 12.9%, despite market challenges.
- **Digital Growth**: $134M incremental digital sales in 2024, targeting $200M in 2025.
- **M&A Expansion**: $420M in acquisitions, enhancing value-added offerings.
- **2025 Outlook**: Sales $16.5-$17.5B, EBITDA $1.9-$2.3B, with 30%-32% gross margin.
- **Risk Management**: $500M multifamily headwind, cautious on tariff impacts.

**【CEO Summary Section】**
- **Resilience in Challenging Market**: Despite a complex operating environment,Builders FirstSource achieved mid-teens adjusted EBITDA margin and nearly 33% gross margin in 2024, driven by operational excellence and strategic investments.
- **Value-Added Growth**: Install sales increased 8% YoY, and digital sales contributed $134 million in 2024. The company expects $200 million in incremental digital sales in 2025.
- **Operational Efficiency**: Productivity savings of $117 million in 2024, including a 10% improvement in board foot per labor hour in truss manufacturing.
- **M&A Expansion**: Completed 13 acquisitions in 2024, adding $420 million in prior-year sales, and continued disciplined capital allocation with $1.5 billion in share repurchases.

**【CFO Financial Commentary】**
- **Q4 2024 Results**: Net sales of $3.8 billion (-8% YoY), adjusted EBITDA of $494 million (-28% YoY), and adjusted EPS of $2.31 (-35% YoY) due to margin normalization and lower volumes.
- **2025 Outlook**: Guided for net sales of $16.5-$17.5 billion, adjusted EBITDA of $1.9-$2.3 billion, and free cash flow of $600 million-$1 billion. Gross margin expected to remain between 30%-32%.
- **Liquidity and Capital Allocation**: Year-end liquidity of $1.8 billion, with $500 million remaining on a $1 billion share repurchase authorization.

**【Q&A Highlights】**
- **Multifamily Headwinds**: Expected $400-$500 million headwind in 2025, with normalization of single-family margins and ongoing affordability challenges.
- **Digital Strategy**: 2025 incremental sales target of $200 million, with a reset in adoption strategy to focus on specific customer segments.
- **Tariffs and Immigration**: 15% of sales exposed to tariffs, with potential for broader market impact. Install services positioned to benefit from labor constraints.
- **Share Repurchases**: $1.5 billion in 2024, removing 7% of shares, with continued focus on maximizing shareholder returns.


Actual											0.34	0.67	0.82	1.26	1.1	2.76	3.39	2.78	3.9	6.26	5.2	3.21	2.96	3.89	4.24	3.55	2.65	3.5	3.07	2.31	1.51	2.38	1.88	1.12
Forecast											0.302	0.363	0.644	0.9151	0.7208	1.9188	1.627	1.8726	2.0198	3.1525	3.3017	2.3585	1.5323	2.5596	3.8752	2.5559	2.2977	3.023	2.9762	2.1466	1.3843	2.233	1.6335	1.2536
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+12.58%	+84.57%	+27.33%	+37.69%	+52.61%	+43.84%	+108.36%	+48.46%	+93.09%	+98.57%	+57.49%	+36.10%	+93.17%	+51.98%	+9.41%	+38.89%	+15.33%	+15.78%	+3.15%	+7.61%	+9.08%	+6.58%	+15.09%	-10.66%

BLDR

BLDR fundamentals

BLDR Q4 2025 Earnings

Earnings Call

You can ask Aime

BLDR

BLDR fundamentals

BLDR Q4 2025 Earnings

Earnings Call

BLDR Earnings Call Summary for Q4/20258:00 AM on Feb 17, 2026

BLDR Earnings Call Summary for Q3/20259:00 AM on Oct 30, 2025

BLDR Earnings Call Summary for Q2/20259:00 AM on Jul 31, 2025

BLDR Earnings Call Summary for Q1/20259:00 AM on May 1, 2025

BLDR Earnings Call Summary for Q4/20249:00 AM on Feb 20, 2025

You can ask Aime