---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-091191"
form_type: "8-K"
ticker: "BLDR"
cik: "0001316835"
company_name: "Builders FirstSource, Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:10:33.959363+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Builders FirstSource Q2 net income down 15% to $344M; authorizes $1B buyback

## Summary
- Net sales $4.5B (-1.6% YoY); net income $344.1M ($2.87 diluted EPS) vs $404.6M ($3.16) prior year.
- Adjusted EBITDA $669.7M (-12.9%); margin down 200 bps to 15.0%. Gross margin down 240 bps to 32.8%.
- Repurchased $989.6M shares in Q2; Board authorizes new $1B share repurchase plan.
- FY2024 guidance: net sales $16.4-17.2B, Adj EBITDA $2.2-2.4B, free cash flow $1.0-1.2B.
- Core organic sales down 3.8%; Multi-Family starts expected to fall 25-30% in FY2024.

## SEC filing metadata
- accession: 0000950170-24-091191
- form_type: 8-K
- ticker: BLDR
- cik: 0001316835
- company_name: Builders FirstSource, Inc.
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1316835/000095017024091191/0000950170-24-091191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1316835/000095017024091191/bldr-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-091191
- JSON: https://secwatch.observer/filing/0000950170-24-091191.json
- Plain text: https://secwatch.observer/filing/0000950170-24-091191.txt

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