secwatch.observer — SEC 8-K summary
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Issuer:     Builders FirstSource, Inc. (BLDR)
CIK:        0001316835
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0000950170-24-091191
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316835/000095017024091191/0000950170-24-091191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316835/000095017024091191/bldr-20240806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-091191

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