secwatch.observer — SEC 8-K summary
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Issuer:     Builders FirstSource, Inc. (BLDR)
CIK:        0001316835
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-016874
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Builders FirstSource Q1 net sales down 31.6% to $3.9B, EPS $2.41, board authorizes $1B buyback
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- Net sales $3.9B (-31.6%); net income $333.8M (-47.8%); diluted EPS $2.41 vs $3.56.
- Adjusted EBITDA $631.7M, margin 16.3%; Q2 guidance: sales $4.0-4.2B, EBITDA $525-575M.
- Repurchased 7.5M shares for $627.6M in Q1; board approved new $1B share repurchase plan.
- Cash from ops $654.4M, free cash flow $554.5M; net debt/LTM adjusted EBITDA ratio 0.8x.
- Gross margin up 300bps to 35.3% on multi-family value-added mix; long-term normalized gross margin raised to 28%+.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316835/000095017023016874/0000950170-23-016874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316835/000095017023016874/bldr-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016874

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer