secwatch.observer — SEC 8-K summary
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Issuer:     Builders FirstSource, Inc. (BLDR)
CIK:        0001316835
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0000950170-24-121065
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316835/000095017024121065/0000950170-24-121065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316835/000095017024121065/bldr-20241105.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-121065

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