secwatch.observer — SEC 8-K summary
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Issuer:     Builders FirstSource, Inc. (BLDR)
CIK:        0001316835
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000950170-23-057113
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316835/000095017023057113/0000950170-23-057113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316835/000095017023057113/bldr-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057113

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