Citable filing context
BLDR's research view summarizes recent SEC filing context, starting with management_change from Aug 7, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 7, 2026 | management_change | Gayatri Narayan will separate from her position as President, Technology and Digital Solutions, effective August 14, 2026. |
| Jul 30, 2026 | earnings | Builders FirstSource reported Q2 2026 net sales of $3.9 billion and a net loss of $3.9 million. |
| Jun 5, 2026 | management_change | Mark A. Alexander resigned from the Board of Directors effective June 3, 2026, due to health reasons. |
| Jul 30, 2026 | Guidance: adjusted_ebitda | 1000.00 to 1200.00 |
| Jul 30, 2026 | Guidance: adjusted_ebitda_margin | 7.10 to 8.10 |
| Jul 30, 2026 | Guidance: free_cash_flow | 400.00 to 500.00 |
| Jul 30, 2026 | mda_quarterly | Builders FirstSource experienced a challenging first half of 2026, with net sales declining 9.4% to $7.1 billion compared to the same period in 2025. This downturn was driven primarily by a contraction in single-family housing starts and commodity price deflation, which reduced sales by 7.5% and 3.0%, respectively. Gross margin percentage compressed to 28.2% from 30.6% due to these market headwinds. While the company implemented cost-saving measures, including wage adjustments and variable compensation reductions, operating leverage was negatively impacted, leading to a net loss of $51.3 million for the six-month period. The company maintains a strong liquidity position, with $1.6 billion in total liquidity as of June 30, 2026, comprising $1.5 billion in net borrowing availability under its $2.2 billion revolving credit facility and $65.7 million in cash. Capital allocation remains focused on share repurchases, with 3.3 million shares bought back for $302.9 million during the first half of 2026. Additionally, the company completed $31.0 million in small-scale acquisitions, including Premium Building Components and Precision Design. A significant discrete tax expense of $43.9 million, resulting from an IRS settlement regarding prior-year research and development expenses, further impacted the bottom line. Management remains cautious, citing macroeconomic uncertainty and interest rate volatility as ongoing risks to near-term demand. |
| Apr 30, 2026 | mda_quarterly | Builders FirstSource reported a net loss of $47.4 million for the first quarter of 2026, compared to a net income of $96.3 million in the prior-year period. Net sales declined 10.1% to $3.3 billion, primarily driven by an 8.3% decrease in core organic sales resulting from a lower housing starts environment and a 3.3% reduction due to commodity price deflation. All product categories experienced declines, with manufactured products falling 13.7% and lumber and lumber sheet goods decreasing 12.7%. Gross margin contracted to 28.3% from 30.5%, reflecting reduced operating leverage. The company expanded its footprint by acquiring Premium Building Components for $13 million and returned capital through $302.9 million in share repurchases. Liquidity stands at $1.5 billion, including availability under its revolving credit facility. Near-term demand remains pressured by macroeconomic uncertainty, inflation, and interest rates; U.S. single-family housing starts decreased 6.5% as of January 2026, and third-party forecasts predict a further 1.1% decline in single-family starts for the full year 2026. The company is focusing on disciplined working capital and expense control to manage this cyclical downturn. |
Source: SEC EDGAR filing text and events; period Aug 7, 2026; filed Aug 7, 2026.
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