secwatch.observer — SEC 8-K summary
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Issuer:     Builders FirstSource, Inc. (BLDR)
CIK:        0001316835
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-036821
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316835/000095017023036821/0000950170-23-036821-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316835/000095017023036821/bldr-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-036821

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