---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-036821"
form_type: "8-K"
ticker: "BLDR"
cik: "0001316835"
company_name: "Builders FirstSource, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:08:59.604750+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Builders FirstSource Q2 net sales $4.5B (-34.6% YoY), EPS $3.16; raises gross margin outlook

## Summary
- Net sales $4.5B, down 34.6% YoY (core organic -22.3%, commodity deflation -16.2%, acquisitions +3.9%); net income $404.6M vs $987.2M.
- Adjusted EBITDA $768.8M (margin 17.0%) vs $1.51B (21.8%) a year ago; adjusted EPS $3.89 vs $6.26.
- Repurchased 7.0M shares in Q2 for $722.7M (avg $103.68); YTD shares outstanding reduced 10.5%.
- Updated long-term normalized gross margin expectation to 29%+ (from 28%+); 2023 outlook: net sales $16.8-17.8B, adj. EBITDA $2.6-2.9B.
- Single-Family core organic sales -31.0%; Multi-Family +29.6%; R&R/Other +4.6%; value-added product mix improved to 53% of sales.

## SEC filing metadata
- accession: 0000950170-23-036821
- form_type: 8-K
- ticker: BLDR
- cik: 0001316835
- company_name: Builders FirstSource, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1316835/000095017023036821/0000950170-23-036821-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1316835/000095017023036821/bldr-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-036821
- JSON: https://secwatch.observer/filing/0000950170-23-036821.json
- Plain text: https://secwatch.observer/filing/0000950170-23-036821.txt

## Key facts
- Earnings Releases
  Builders FirstSource, Inc. reported the second quarter ended June 30, 2023 results: revenue $4.5 billion, net income $404.6 million, EPS $3.16 per diluted share. Guidance raised.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $4.5 billion
  - Net income: $404.6 million
  - EPS: $3.16 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Builders FirstSource Reports Second Quarter 2023 Results Net sales of $4.5 billion, a decrease of 34.6% Net income of $404.6 million Earnings per diluted share of $3.16 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1316835/000095017023036821/0000950170-23-036821-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.