Builders FirstSource Q4 adj EPS $3.55 (+10.6%); FY23 FCF $1.9B; Board authorizes $1B buyback

Builders FirstSource, Inc.

2023-FY EPS reported $11.94 revenue$17,097,330,000

Q4 net sales $4.2B (-4.7%); net income $350.7M ($2.83 diluted EPS); adjusted EPS $3.55 (+10.6% YoY).
FY 2023 adjusted EBITDA $2.9B (17.0% margin); free cash flow $1.9B.
Board authorized $1B share repurchase plan, inclusive of ~$200M remaining from prior authorization.
2024 guidance: net sales $17.5-18.5B, adjusted EBITDA $2.4-2.8B (14-15% margin), FCF $1.0-1.2B.
Repurchased $1.8B in shares in 2023, reducing shares outstanding by 12.2%.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Builders FirstSource, Inc. reported the year ended December 31, 2023 results: revenue $17.1 billion.

Period: the year ended December 31, 2023
Revenue: $17.1 billion
Result: reported results

Exact text from the filing

Net sales of $17.1 billion, a 24.8% decrease, primarily driven by a decline in core organic net sales of 17.3% and commodity deflation of 11.1%, partially offset by growth from acquisitions of 3.6%.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Builders FirstSource, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $4.2 billion, net income $350.7 million, EPS $2.83 per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $4.2 billion
Net income: $350.7 million
EPS: $2.83 per diluted share
Result: reported results

Exact text from the filing

for the fourth quarter and full year ended December 31, 2023. BFS Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: • For the fourth quarter, net sales were $4.2 billion, a 4.7% decrease, primarily driven by a decline in core organic net sales of 1.3% and commodity deflation of 5.0%, partially offset by growth from acquisitions of 1.6%. • For the

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Source: SEC EDGAR

accession 0000950170-24-018404

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