Builders FirstSource Q3 net sales -6.7% to $4.2B, Adj EBITDA -23%; CEO transition

Builders FirstSource, Inc.

2024-Q3 EPS reported $7.39 revenue$12,580,186,000

Net sales $4.2B (-6.7% YoY); net income $284.8M (-36.9%); diluted EPS $2.44 vs $3.59 prior year.
Adjusted EBITDA $626.5M (-23.0%); margin 14.8% (-310 bps). Free cash flow $634.7M (+18.0%).
CEO Dave Rush retiring Nov 6; Peter Jackson becomes CEO, Pete Beckmann incoming CFO.
2024 guidance: net sales $16.25-16.55B, Adj EBITDA $2.25-2.35B, FCF $1.2-1.4B.
Repurchased 0.9M shares at avg $176.73 for $159.7M; $840M remaining in $1B buyback.

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