Builders FirstSource Q3 net sales $4.5B (-21.3%); net income $451.5M (-38.8% YoY); updates 2023 guidance

Builders FirstSource, Inc.

2023-Q3 EPS reported $9.10 revenue$12,946,468,000

Net sales $4.5B, down 21.3% YoY; core organic sales -13.5%, commodity deflation -9.1%.
Net income $451.5M ($3.59 EPS), down 38.8%; adjusted EPS $4.24, down 18.5%.
Adjusted EBITDA $813.3M, margin 17.9% (-240 bps YoY); liquidity $1.1B, net debt/EBITDA 1.1x.
Repurchased 1.7M shares in Q3; YTD repurchased $1.6B, reducing shares outstanding by 11.2%.
2023 guidance: net sales $16.8-$17.1B; adjusted EBITDA $2.7-$2.8B; free cash flow $1.8-$2.0B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Builders FirstSource, Inc. reported third quarter ended September 30, 2023 results: revenue $4.5 billion, net income $451.5 million, EPS $3.59 per diluted share. Guidance lowered.

Period: third quarter ended September 30, 2023
Revenue: $4.5 billion
Net income: $451.5 million
EPS: $3.59 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

September 30, 2023. --- EX-99.1 (EX-99.1) --- EX-99.1 For Immediate Release Builders FirstSource Reports Third Quarter 2023 Results and Updates 2023 Guidance Net sales of $4.5 billion, a decrease of 21.3% Net income of $451.5 million Earnings per diluted share of $3.59 per share Adjusted EBITDA of $813.3 million at a margin of 17.9% Repurchased 1.7 million

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Source: SEC EDGAR

accession 0000950170-23-057113

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