secwatch.observer — SEC 8-K summary
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Issuer:     Builders FirstSource, Inc. (BLDR)
CIK:        0001316835
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000950170-24-053918
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316835/000095017024053918/0000950170-24-053918-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316835/000095017024053918/bldr-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-053918

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