---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-018404"
form_type: "8-K"
ticker: "BLDR"
cik: "0001316835"
company_name: "Builders FirstSource, Inc."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:35:53.979259+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000950170-24-018404
- form_type: 8-K
- ticker: BLDR
- cik: 0001316835
- company_name: Builders FirstSource, Inc.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1316835/000095017024018404/0000950170-24-018404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1316835/000095017024018404/bldr-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-018404
- JSON: https://secwatch.observer/filing/0000950170-24-018404.json
- Plain text: https://secwatch.observer/filing/0000950170-24-018404.txt

## Key facts
- Earnings Releases
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1316835/000095017024018404/0000950170-24-018404-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1316835/000095017024018404/0000950170-24-018404-index.htm

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