Builders FirstSource Q1 net income down 22.5%; reaffirms 2024 guidance

Builders FirstSource, Inc.

2024-Q1 EPS reported $2.10 revenue$3,891,352,000

Net sales $3.9B (+0.2% YoY); core organic flat. Net income $258.8M ($2.10 EPS) vs $333.8M ($2.41 EPS).
Adjusted EBITDA $540.9M (-14.4%); margin 13.9% (-240 bps). Gross margin 33.4% (-190 bps).
Reaffirms FY2024: net sales $17.5-$18.5B, adj. EBITDA $2.4-$2.8B, FCF $1.0-$1.2B.
Completed $1.0B 6.375% senior notes due 2034; net debt to LTM adj. EBITDA 1.1x.
Repurchased 0.1M shares at $202.67; $980M remaining authorization; 42.2% of shares retired since 2021.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Builders FirstSource, Inc. reported the three months ended March 31, 2024 results: revenue $3.9 billion, net income $258.8 million, or $2.10 per diluted share, EPS $2.10 per diluted share. Guidance reaffirmed.

Period: the three months ended March 31, 2024
Revenue: $3.9 billion
Net income: $258.8 million, or $2.10 per diluted share
EPS: $2.10 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today reported its results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: • Net sales were $3.9 billion, a 0.2% increase, with core organic sales essentially flat, in line with expectations, and growth from acquisitions partially offset by commodity deflation. • Gross profit margin

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Source: SEC EDGAR

accession 0000950170-24-053918

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