Builders Firstsource Inc

BLDR

Equity

ISIN US12008R1077 / Valor 2073318

New York Stock Exchange, Inc (2024-12-23)

USD 149.03-0.98%

Builders Firstsource Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Builders FirstSource Inc. stands as the largest supplier in the United States for structural building products, alongside offering value-added components and services tailored for the professional market, encompassing both single-family and multi-family construction projects, as well as repair and remodeling sectors. The company distinguishes itself by catering to a broad spectrum of customer sizes, emphasizing an unparalleled level of service. Its business model is designed to meet the diverse needs of the construction industry, providing a comprehensive range of products and services that support the building process from start to finish. This includes the supply of essential building materials and the provision of specialized services designed to add value and efficiency to construction projects, making Builders FirstSource a critical partner for construction professionals across the country.

Summarized from source with an LLMView SourceSector: Industrials

Net Sales Decline

Builders FirstSource Inc reported net sales of $4.2 billion for the third quarter of 2024, marking a 6.7% decrease compared to the same period in the previous year. This decline was primarily driven by a 7.2% drop in core organic sales and a 2.9% impact from commodity deflation, partially offset by a 2.0% growth from acquisitions and an additional selling day contributing 1.4%.

Gross Profit and Margin

The company's gross profit for the third quarter of 2024 was $1.4 billion, representing a 12.3% decrease from the prior year. The gross profit margin percentage decreased by 210 basis points to 32.8%, primarily due to ongoing normalization in the Multi-Family segment and core organic sales.

Net Income and Earnings Per Share

Builders FirstSource Inc's net income for the third quarter of 2024 was $284.8 million, or $2.44 per diluted share, reflecting a 36.9% decrease from the previous year. The decline in net income was mainly attributed to lower gross profit and higher operating expenses, partially offset by reduced income tax expenses.

Adjusted EBITDA Performance

Adjusted EBITDA for the third quarter of 2024 decreased by 23.0% to $626.5 million. The adjusted EBITDA margin declined by 310 basis points to 14.8%, primarily due to lower gross profit margins, although this was partially offset by reduced operating expenses after adjustments.

Cash Flow and Share Repurchases

During the third quarter of 2024, Builders FirstSource Inc generated $730.0 million in cash from operating activities, with free cash flow increasing by 18.0% to $634.7 million. The company repurchased 0.9 million shares of its common stock at an average price of $176.73 per share, totaling $159.7 million, inclusive of applicable fees and taxes.

Summarized from source with an LLMView Source

Key figures

-10.9%1Y

81.4%3Y

498%5Y

Performance

44.4%1Y

46.1%3Y

54.0%5Y

Volatility