BLDR

Builders FirstSource, Inc. BLDR trades below several market benchmarks, but the discount comes with falling earnings, reduced guidance and higher leverage. That combination complicates the case for buying the stock solely on valuation. Investors must decide whether the current price already reflects a housing downturn or whether weaker demand and margins could create further pressure. BLDR trades at 14.4X forward 12-month earnings, below the Zacks sub-industry’s 18.7X, the Zacks Retail-Wholesale sector’s 24X and the S&P 500’s 20.6X. The discount could create upside if residential construction and profitability normalize. The stock’s forward price-to-sales multiple of 0.5X is below its five-year median of 0.8X. Its trailing enterprise-value-to-EBITDA multiple of 8.7X, however, remains above the five-year median of 7.4X. The shares, therefore, look inexpensive on some measures, but not all. Second-quarter adjusted earnings declined 50.8% year over year to $1.17 per share. Adjusted EBITDA fell 34.9% to $329.3 million as lower gross profit and reduced operating leverage weighed on results. Builders FirstSource, Inc. price-consensus-chart | Builders FirstSource, Inc. Quote Management cut its 2026 net sales forecast to $14-$14.8 billion from $14.6-$15.6 billion. Adjusted EBITDA guidance was reduced to $1-$1.2 billion from $1.1-$1.5 billion, indicating that weaker volumes and margins may persist before housing activity recovers. Net debt reached $4.6 billion at June 30, 2026, while net debt to trailing adjusted EBITDA increased to 3.6 times from 2.3 times a year earlier. The increase reflects weaker trailing earnings, but it also raises the importance of steady cash generation. Liquidity of about $1.6 billion provides flexibility, and Builders FirstSource expects $400-$500 million of free cash flow in 2026. Still, higher leverage may limit repurchases and make a return to the company’s long-term leverage range more dependent on an EBITDA rebound. The company’s national footprint, manufactured components and installation services can help protect customer relationships. Acquisitions and digital tools may also improve cross-selling and operating efficiency when residential construction stabilizes. Installed Building Products, Inc. IBP manages the purchase, delivery and installation of insulation and complementary products for residential and commercial builders. UFP Industries, Inc. UFPI supplies construction, retail and industrial packaging markets. Their different business mixes show how installation breadth and end-market diversification can shape performance across a weak building cycle. Builders FirstSource is also resizing operations. It consolidated 36 facilities in 2026 while maintaining an on-time and in-full delivery rate above 90%, and it expects $50-$70 million of productivity savings for the year. BLDR’s valuation discount creates potential upside if housing demand and profitability recover. Yet falling estimates, margin pressure and higher leverage provide little evidence that the downturn has ended, making patience more defensible than an immediate purchase. The stock currently carries a Zacks Rank #5 (Strong Sell), reflecting unfavorable earnings estimate revisions and weak near-term prospects. The Value Score of B supports the relative valuation case, but the Growth Score of D and VGM Score of D indicate that the discount is not matched by favorable growth characteristics or broad style strength. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Style Scores work best alongside the Zacks Rank. A strong valuation grade cannot by itself neutralize a poor rank tied to declining estimates, supporting a wait-and-see view until earnings expectations or operating trends stabilize. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report UFP Industries, Inc. (UFPI) : Free Stock Analysis Report Installed Building Products, Inc. (IBP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Builders FirstSource, Inc.? Here are five stocks we like better. Builders FirstSource’s second-quarter results weakened materially: Net sales fell 9% year over year to $3.9 billion, while adjusted EBITDA declined 35% to $329 million and adjusted EPS dropped 51% to $1.17, pressured by weak housing demand, affordability challenges and competitive pricing. The company cut its full-year outlook as it expects 2026 single-family starts to decline nearly 7%, with projected net sales of $14 billion to $14.8 billion and adjusted EBITDA of $1 billion to $1.2 billion. Management also reported that sales trends weakened in July, particularly in Texas, Colorado and multifamily markets. Management is emphasizing cost control and capital discipline: Builders FirstSource identified $115 million in annualized cost reductions, consolidated 36 facilities this year and reduced capital spending plans by $50 million. Leverage remained elevated at about 3.6 times net debt to adjusted EBITDA, while acquisitions continue selectively despite no share repurchases during the quarter. Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases Builders FirstSource (NYSE:BLDR) reported lower second-quarter sales and earnings as weak housing demand, affordability pressures and competitive pricing weighed on residential construction activity. The company reduced its full-year outlook, citing a more cautious view of housing starts, while outlining additional cost reductions and continued investment in value-added products, technology and acquisitions. Net sales fell about 9% year over year to $3.9 billion in the second quarter. Core organic sales declined 8% in single-family construction, 10% in multifamily and 2% in repair and remodel, partially offset by acquisition-related growth. Adjusted EBITDA declined 35% to $329 million, while adjusted EBITDA margin contracted 350 basis points to 8.5%. Adjusted earnings per share fell 51% to $1.17. → Microsoft Just Flipped the AI Spending Narrative Overnight Potential Rate Cuts Could Benefit These Firms CEO Peter Jackson said the company’s results were in line with expectations despite a difficult housing environment. He cited geopolitical uncertainty, persistent inflation and elevated interest rates as continuing constraints on affordability and consumer sentiment. “We cannot control the market, but consistent execution against these priorities will strengthen how we operate today and position us to accelerate growth as conditions improve,” Jackson said. → 2 Unique Space ETFs That Could Upend the Industry Insiders Spent Millions on These 3 Stocks Over the Past 2 Months Builders FirstSource now expects 2026 single-family starts to decline nearly 7% from 2025, while multifamily starts are projected to fall 4% and repair-and-remodel activity is expected to decline 1%. The company guided for full-year net sales of $14 billion to $14.8 billion, adjusted EBITDA of $1 billion to $1.2 billion, and adjusted EBITDA margin of 7.1% to 8.1%. For the third quarter, the company expects net sales between $3.6 billion and $3.9 billion and adjusted EBITDA of $275 million to $325 million. → MarketBeat Week in Review – 07/27- 07/31 Jackson said builders have been managing elevated inventory levels and, in some markets, moving toward a greater mix of build-to-order homes rather than speculative construction. He said that trend supports Builders FirstSource’s product bundling, sales capabilities and digital tools, although the shift is not expected to materially change the company’s lag between housing starts and sales. Management said sales trends weakened into July, with the normal seasonal rise in activity failing to materialize at the expected level. Jackson said the company does not anticipate the sharp pullback in builder activity seen late last year, however, as builders appear to be more closely matching starts to home sales and are more comfortable with inventory positions. Regionally, management identified continued softness in Texas and Colorado, partly offset by relative strength in the Northeast. The company also expects multifamily conditions to remain pressured for the rest of the year because higher interest rates have delayed project starts and developers remain cautious about beginning new projects. Second-quarter gross profit decreased 16.3% to $1.1 billion, and gross margin fell 260 basis points to 28.1%. CFO Pete Beckmann attributed the decline primarily to lower housing starts and the resulting pressure on operating leverage. Builders FirstSource expects full-year gross margin of 27.5% to 28.5%. Management said margins should remain generally stable from current levels through the second half, though the midpoint of the full-year outlook implies a modestly lower margin than the first-half average. Jackson said competitive pricing conditions have begun to stabilize in aggregate, though volatility remains in certain product categories and markets. He said the company will continue to compete for business but plans to avoid sales that do not meet its profitability requirements. Commodity-price guidance was unchanged. The company expects average commodity prices of $390 to $410 per thousand board feet for the year, near the long-term average of $400. Beckmann said lumber prices rose through the second quarter as anticipated and are expected to moderate somewhat in the second half, while oriented strand board prices remain weak. Adjusted selling, general and administrative expense declined by $37 million to $781 million, helped by lower variable compensation, reduced headcount and prior cost actions. Higher fuel and delivery expenses and acquired operations partly offset those benefits. The company said it remains on track to deliver previously announced cost reductions and has identified an additional $40 million of run-rate savings. In the question-and-answer session, management described the plan as $115 million of annualized cost cuts, consisting of $75 million in previously identified cuts and the additional $40 million. Because the incremental actions began in July, management said roughly $15 million of the additional savings is expected to be realized in 2026, with the remainder carrying into 2027. Builders FirstSource has consolidated 36 facilities in 2026 and 91 facilities over the past two and a half to three years. The company said its on-time and in-full delivery rate has remained above 90% despite the consolidations. Management said the new savings efforts are concentrated in SG&A and fixed costs, including overtime, temporary labor, incentive compensation, merit increases, overhead and discretionary spending. The company also generated $28 million of productivity savings in the quarter through supply-chain and logistics initiatives. Management said it has also reduced capital spending plans by $50 million, largely by delaying some replacement spending on fleet and equipment and scaling back growth investments in markets where its existing footprint can serve demand. Second-quarter operating cash flow was $68 million, down from $341 million a year earlier, reflecting lower net income. Free cash flow was $32 million for the quarter, and the company expects full-year free cash flow of about $400 million to $500 million. Net debt to adjusted EBITDA was approximately 3.6 times, above the company’s long-term target range. Beckmann said management remains comfortable with the leverage position given $1.6 billion of liquidity, expected cash generation and debt maturities, and expects leverage to return to its target range as EBITDA recovers with the market. Capital deployment in the quarter included $36 million of capital expenditures and $14 million for acquisitions, with no share repurchases. In June, Builders FirstSource acquired Precision Design and Trim, expanding its installation capabilities in the Boise area. Jackson said acquisitions remain a core element of the company’s long-term strategy. Since its 2021 merger with BMC, Builders FirstSource has completed 42 acquisitions representing nearly $2.3 billion in annual sales. Management said it continues to evaluate acquisition opportunities in attractive geographies and value-added product categories, though deal sizes and capital deployment are likely to be smaller in the current market environment. Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation. The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Builders FirstSource Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

IRVING, Texas, July 30, 2026--(BUSINESS WIRE)--Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the second quarter ended June 30, 2026. Second Quarter 2026 Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: Net sales were $3.9 billion, a decrease of 8.8%, primarily due to a lower housing starts environment and related headwinds. The decline reflects lower core organic net sales and commodity deflation, partially offset by growth from acquisitions. Gross profit was $1.1 billion, a decrease of 16.3%. Gross profit margin percentage decreased 260 basis points to 28.1%, primarily driven by a lower housing starts environment and related headwinds. Net income (loss) was $(3.9) million, or diluted EPS of $(0.04) compared to diluted EPS of $1.66 in the prior-year period. Net income (loss) as a percent of net sales decreased by 450 basis points to (0.1)%. Adjusted EBITDA decreased 34.9% to $329.3 million, primarily driven by lower gross profit. Adjusted EBITDA margin declined by 350 basis points to 8.5%, attributable to lower gross margin and reduced operating leverage. Cash provided by operating activities was $68.0 million, a decrease of $273.0 million compared to the prior-year period. The Company's free cash flow was $32.2 million, a decrease of 87.4%, compared to $255.0 million in the prior-year period. The decrease was primarily driven by lower net income, partially offset by lower capital expenditures. "Despite the ongoing housing market headwinds, our second quarter results were in line with our expectations and reflect the strength of our differentiated platform and the adaptability of our operating model. We remain focused on the factors within our control, including managing the business with discipline, and leveraging both our technology capabilities and our value-added solutions. This approach continues to strengthen our position as a trusted, full-service partner to homebuilders," commented Peter Jackson, CEO of Builders FirstSource. Mr. Jackson continued, "While housing market conditions remain weak, we are continuing to invest in innovation and capabilities that enhance the customer experience, improve efficiency across the value chain, and reinforce our competitive advantage. Our business model is built to perform through the cycle, and we remain confident in our ability to outgrow the market over time and create sustainable, long-term value for our shareholders." Pete Beckmann, CFO of Builders FirstSource, added, "Our second quarter results demonstrate continued discipline through managing costs, working capital, and capital deployment. Given persistent housing affordability challenges and softer demand trends, our updated full-year outlook reflects current market conditions and a more cautious view of the second half. Importantly, our strong balance sheet, healthy free cash flow generation, and approach to capital allocation provide the flexibility to invest in high-return opportunities while navigating near-term uncertainty." Second Quarter 2026 Financial Performance Highlights All Year-Over-Year Comparisons Unless Otherwise Noted: Net Sales Net sales were $3.9 billion, a decrease of 8.8%, primarily due to a lower housing starts environment and related headwinds. The decrease reflects a 7.0% decline in core organic net sales, as well as commodity deflation of 2.7%, partially offset by growth from acquisitions of 0.9%. Core organic net sales declined 7.0%. Single Family declined 8.1%, Multi-Family declined 9.7%, and Repair and Remodel ("R&R")/Other declined 1.8%. On a weighted basis, Single Family lowered net sales by 5.6%, Multi-Family by 1.0%, and R&R/Other by 0.4%. Gross Profit Gross profit was $1.1 billion, a decrease of 16.3%. Gross profit margin percentage decreased 260 basis points to 28.1%, primarily driven by a lower housing starts environment and related headwinds. Selling, General and Administrative Expenses SG&A was $958.3 million, a decrease of $29.5 million, or 3.0%, primarily driven by lower variable compensation as a result of decreased net sales and lower wages as a result of cost saving actions, partially offset by higher expenses associated with our ERP implementation and higher fuel expenses. As a percentage of net sales, total SG&A increased by 150 basis points to 24.8%, primarily attributable to reduced operating leverage. Net Interest Expense Net interest expense increased $4.1 million to $76.1 million, primarily due to additional interest expense from purchase options exercised related to other finance obligations. Income Tax Expense Income tax was $56.3 million, compared to $54.3 million in the prior-year period. The increase in income tax expense was primarily driven by an Internal Revenue Service research and development (R&D) settlement agreement concerning prior tax years, partially offset by a decrease in income before income taxes. Net Income (Loss) Net income (loss) was $(3.9) million, or $(0.04) earnings per diluted share, compared to net income of $185.0 million, or $1.66 earnings per diluted share, in the prior-year period. The decrease in net income was primarily driven by lower gross profit and higher net interest expense, partially offset by lower SG&A. Net income (loss) as a percentage of net sales was (0.1)%, a decrease of 450 basis points from the prior-year period, primarily due to lower gross profit margin and higher net interest expense, partially offset by lower SG&A. Adjusted Net Income Adjusted net income was $126.1 million, a decrease of 52.3%, primarily driven by lower gross profit and higher net interest expense, partially offset by lower SG&A and lower income tax expense after excluding the Internal Revenue Service R&D settlement agreement. Adjusted Earnings Per Diluted Share Adjusted earnings per diluted share was $1.17, compared to $2.38 in the prior-year period. The 50.8% decrease was primarily driven by lower adjusted net income, partially offset by share repurchases. Adjusted EBITDA Adjusted EBITDA decreased 34.9% to $329.3 million, primarily driven by lower gross profit. Adjusted EBITDA margin declined by 350 basis points from the prior-year period to 8.5%, primarily due to lower gross profit margin and reduced operating leverage. Capital Structure, Leverage, and Liquidity Information For the three months ended June 30, 2026, cash provided by operating activities was $68.0 million, and cash used in investing activities was $49.3 million. The Company's free cash flow was $32.2 million, compared to $255.0 million in the prior-year period, largely the result of lower net income, partially offset by lower capital expenditures. Liquidity as of June 30, 2026, was approximately $1.6 billion, consisting of $1.5 billion in net borrowing availability under the revolving credit facility and $0.1 billion of cash on hand. As of June 30, 2026, LTM Adjusted EBITDA was $1.3 billion and net debt was $4.6 billion, resulting in a net debt to LTM Adjusted EBITDA ratio of 3.6x, compared to 2.3x in the prior-year period. The Company has $500 million remaining under its share repurchase authorization. Since the inception of its buyback program in August 2021, the Company has repurchased 102.6 million shares of its common stock, or 49.7% of its total shares outstanding, at an average price of $81.26 per share for a total cost of $8.3 billion, inclusive of applicable fees and taxes. Productivity Savings From Operational Excellence For the second quarter, the Company delivered approximately $28 million in productivity savings related to operational excellence and supply chain initiatives. Year to date, the Company has delivered approximately $34 million in productivity savings. The Company expects to deliver $50 million to $70 million in productivity savings in 2026. 2026 Full Year Total Company Outlook For 2026, the Company expects to achieve the financial performance highlighted below. Projected Net Sales and Adjusted EBITDA include the expected impact of price, commodities, and margins. We are not providing a quantitative reconciliation of our forward-looking guidance of adjusted EBITDA, adjusted EBITDA margin, adjusted effective tax rate, or free cash flow because we are unable to predict with reasonable certainty all the components required to provide such reconciliation without unreasonable efforts, which are uncertain and could have a material impact on GAAP reported results for the guidance period. See "Non-GAAP Financial Measures" for additional information. Net Sales to be in a range of $14.0 billion to $14.8 billion. Gross Profit margin to be in a range of 27.5% to 28.5%. Adjusted EBITDA to be in a range of $1.0 billion to $1.2 billion. Adjusted EBITDA margin to be in a range of 7.1% to 8.1%. Free cash flow of approximately $0.4 billion to $0.5 billion, assuming average commodity prices in the range of $390 to $410 per thousand board foot (mbf). 2026 Full Year Assumptions The Company’s anticipated 2026 performance is based on several assumptions for the full year, including the following: Within the Company’s geographies, Single Family starts are projected to be down mid- to high-single digits, Multi-Family starts are projected to be down mid-single digits, and Repair & Remodel activity is projected to be down 1%. Acquisitions completed within the last twelve months are projected to add net sales growth of approximately 1%. Total capital expenditures in the range of $175 million to $225 million. Interest expense in the range of $280 million to $290 million. An adjusted effective tax rate of 22% to 24%. Depreciation and amortization expenses in the range of $580 million to $610 million. No change in selling days versus 2025. Conference Call Builders FirstSource will host a conference call and webcast on Thursday, July 30, 2026, to discuss the Company’s financial results and other business matters. The teleconference will begin at 8:00 a.m. Central Time and will be hosted by Peter Jackson, Chief Executive Officer, and Pete Beckmann, Chief Financial Officer. The live webcast, archived replay, and the accompanying presentation can be accessed on the Company's investor relations website at investors.bldr.com under the Events and Presentations section. The online archive of the webcast will be available for approximately 90 days. To participate in the teleconference, please dial into the call a few minutes before the start time at 833-316-2483 (U.S. and Canada) or 785-838-9284 (international), Conference ID: BLDRQ226. Upcoming Events Management will participate in investor meetings at the Deutsche Bank Industrials Summit in Chicago on August 12, 2026, the Raymond James Industrial Showcase (virtually) on August 12, 2026, the Jefferies Industrial Conference in New York City on September 9, 2026, and the Zelman Housing Summit in Boston on September 17, 2026. About Builders FirstSource Builders FirstSource (NYSE: BLDR), headquartered in Irving, Texas, is the nation's leading provider of building materials for professional builders in new residential construction and repair and remodeling. We deliver integrated homebuilding solutions by manufacturing, supplying, and installing a full range of structural and related building products. With approximately 565 locations across 43 states, we serve 48 of the top 50 and 91 of the top 100 Core Based Statistical Areas (CBSAs), ensuring broad geographic coverage and enhancing our ability to partner with our customers. Our leading network of strategically located manufacturing facilities produces factory-built roof and floor trusses, wall panels, vinyl windows, custom millwork and trim, manufactured and semi-custom modular homes, as well as engineered wood that we design and cut specifically for each home. We also assemble interior and exterior doors into pre-hung units for easy installation. Additionally, we distribute a wide range of building products, including lumber, sheet goods, windows, doors, millwork, and specialty items. Our services, which vary by market, include professional installation, turnkey framing, and shell construction. Supported by the latest construction innovations and digital solutions, we help drive greater efficiency across homebuilding. Learn more at www.bldr.com Forward-Looking Statements Statements in this news release and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about expected market share gains, forecasted financial performance, industry and business outlook or other statements about anticipations, beliefs, expectations, hopes, synergies, intentions or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on forward-looking statements. In addition, oral statements made by the Company’s directors, officers and employees to the investor and analyst communities, media representatives and others, depending upon their nature, may also constitute forward-looking statements. As with the forward-looking statements included in this release, these forward-looking statements are by nature inherently uncertain, and actual results or events may differ materially as a result of many factors. All forward-looking statements are based upon information available to Builders FirstSource on the date this release was submitted. Builders FirstSource undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements involve risks and uncertainties, many of which are beyond the Company’s control or may be currently unknown to the Company, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements; such risks or uncertainties include those related to the Company’s growth strategies, including acquisitions, organic growth and digital and technology strategies, including the Company’s ability to drive growth by incorporating artificial intelligence and machine learning solutions into its platform, or the dependence of the Company’s revenues and operating results on, among other things, the homebuilding industry and, to a lesser extent, repair and remodel activity, which in each case is dependent on economic conditions, including inflation, interest rates, home size and affordability, consumer confidence, labor and supply shortages, tariffs and duties, and also lumber and other commodity prices. The Company may not succeed in addressing these and other risks. Further information regarding factors that could affect our financial and other results can be found in the risk factors section of Builders FirstSource’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") and may also be described from time to time in the other reports Builders FirstSource files with the SEC. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein. Non-GAAP Financial Measures The financial measures entitled Adjusted EBITDA, LTM Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income as a percent of net sales, basic Adjusted net income per share, diluted Adjusted net income per share, Adjusted SG&A, Adjusted SG&A as a percent of net sales, Adjusted effective tax rate, and Free cash flow are not financial measures recognized under GAAP and are therefore non-GAAP financial measures. The Company believes that these non-GAAP financial measures provide useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and operating results. Adjusted EBITDA is defined as GAAP net income before depreciation and amortization expense, net interest expense, income tax expense and other non-cash or special items including stock compensation expense, acquisition and related expense, technology implementation expense, debt issuance and refinancing costs, severance and gain on sale of assets and other one-time costs partially offset by the tax effect of those adjustments to net income. LTM Adjusted EBITDA is defined as Adjusted EBITDA for the last twelve consecutive months. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by net sales. Adjusted net income is defined as GAAP net income before non-cash or special items including acquisition and related expense, technology implementation expense, debt issuance and refinancing cost and amortization expense partially offset by the tax effect of those adjustments to net income. Adjusted net income as a percent of net sales is defined as Adjusted net income divided by net sales. Basic Adjusted net income per share is defined as Adjusted net income divided by weighted average basic common shares outstanding while diluted Adjusted net income per share is defined as Adjusted net income divided by weighted average diluted common shares outstanding. Adjusted income tax expense is defined as GAAP income tax expense before non-cash or special items including IRS settlement agreements. Adjusted effective tax rate is defined as GAAP income tax expense before non-cash or special items including IRS settlement agreements divided by GAAP income before income taxes. Adjusted SG&A is defined as GAAP SG&A expense before non-cash or special items including depreciation expense, amortization expense, stock compensation expense, acquisition and related expense, and technology implementation expense. Adjusted SG&A as a percent of sales is defined as Adjusted SG&A divided by net sales. Free cash flow is defined as GAAP net cash from operating activities less capital expenditures, net of proceeds from the sale of property, plant and equipment. Company management uses Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income, Adjusted net income as a percent of net sales, basic Adjusted net income per share and diluted Adjusted net income per share as supplemental measures in its evaluation of the Company’s business, including for trend analysis, purposes of determining management incentive compensation and budgeting and planning purposes. Company management believes that these measures provide a meaningful measure of the Company’s performance and a better baseline for comparing financial performance across periods because these measures eliminate the effects of period to period changes, in the case of Adjusted EBITDA and Adjusted EBITDA margin, in taxes, costs associated with capital investments, net interest expense, stock compensation expense, and other non-cash and non-recurring items and, in the case of Adjusted net income, Adjusted net income as a percent of sales, and Adjusted net income per diluted share, in certain non-recurring items. Company management also uses free cash flow as a supplemental measure in its evaluation of the Company’s business, including for purposes of its internal liquidity assessments. Company management believes that free cash flow provides a meaningful evaluation of the Company’s liquidity. The Company believes that these non-GAAP financial measures provide additional tools for investors to use in evaluating ongoing operating results, cash flows and trends and in comparing the Company’s financial measures with other companies in the Company’s industry, which may present similar non-GAAP financial measures to investors. However, the Company’s calculations of these financial measures are not necessarily comparable to similarly titled measures reported by other companies. Company management does not consider these financial measures in isolation or as alternatives to financial measures determined in accordance with GAAP. Furthermore, items that are excluded and other adjustments and assumptions that are made in calculating these non-GAAP financial measures are significant components in understanding and assessing the Company’s financial performance. These non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, the Company’s GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance with GAAP and are thus susceptible to varying calculations, the non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures of other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the tables below. The Company’s Adjusted EBITDA outlook, free cash flow and full-year forecast for its effective tax rate on operations exclude the impact of certain income and expense items that management believes are not part of underlying operations. These items may include, but are not limited to, loss on early extinguishment of debt, restructuring charges, certain tax items, and charges associated with non-recurring costs such as professional and legal fees associated with our acquisitions and enterprise resource planning (ERP) program. The Company’s management cannot estimate on a forward-looking basis without unreasonable effort the impact these income and expense items will have on its reported net income, operating cash flow and its reported effective tax rate because these items, which could be significant, are difficult to predict and may be highly variable. As a result, the Company does not provide a reconciliation to the most comparable GAAP financial measure for its Adjusted EBITDA or free cash flow outlook or its effective tax rate on operations forecast. Please see the Forward-Looking Statements section of this release for a discussion of certain risks relevant to the Company’s outlook. View source version on businesswire.com: https://www.businesswire.com/news/home/20260730894141/en/ Contacts Heather KosSVP, Investor RelationsBuilders FirstSource, [email protected]

Builders FirstSource, Inc. BLDR second-quarter 2026 adjusted earnings and net sales missed the Zacks Consensus Estimate. Both metrics also declined on a year-over-year basis.The top-line pullback reflected weaker housing starts, lower core organic sales and commodity deflation. Acquisition growth partly offset these headwinds. Shares of this manufacturer and supplier of building materials moved down 2.3% during today’s pre-market trading session. The decline reflected the year-over-year contraction in adjusted earnings and revenues, and management’s lowered 2026 sales and profitability outlook amid persistent housing-market weakness. The company reported adjusted earnings per share of $1.17, which declined 50.8% year over year and missed the Zacks Consensus Estimate of $1.29 by 9.3%. Builders FirstSource, Inc. price-consensus-eps-surprise-chart | Builders FirstSource, Inc. Quote Net sales were $3.86 billion, down 8.8% from the year-ago quarter. Sales also missed the $3.91 billion consensus mark by 1.2%. The quarter reflected a softer housing environment and commodity deflation, partly offset by acquisition-related growth. Core organic net sales declined 7% year over year in the second quarter, reflecting broad-based pressure across end markets. Single-Family was the biggest drag, with core organic net sales down 8.1% on lower starts activity and reduced value per start.Multi-Family sales fell 9.7% as higher interest rates continued to defer certain projects, while Repair and Remodel/Other sales declined 1.8% amid consumer uncertainty. On a weighted basis, Single-Family lowered total net sales by 5.6%, Multi-Family by 1% and Repair and Remodel/Other by 0.4%. Results were weaker across all major product categories during the second quarter.Value-Added Products: Net sales from value-added products, comprising 46.2% of quarterly net sales, declined 11.1% year over year to $1.79 billion.Within this category, Manufactured products sales totaled $831.6 million, down 13.3% from the prior-year quarter. Windows, doors & millwork sales decreased 9.1% to $954.6 million.Specialty Building Products & Services: Net sales from this product category, representing 26.9% of quarterly sales, declined 5.1% year over year to $1.04 billion.Lumber & Lumber Sheet Goods: Net sales from this category, also accounting for 26.9% of quarterly sales, decreased 8.1% to $1.04 billion. Gross profit declined 16.3% year over year to $1.09 billion. Gross margin contracted 260 basis points to 28.1%, primarily due to the weaker housing starts environment and related headwinds.Selling, general and administrative expenses decreased 3% to $958.3 million, reflecting lower variable compensation and wages following cost-saving actions. However, SG&A as a percentage of net sales increased 150 basis points to 24.8% because of reduced operating leverage.The margin pressure weighed on earnings power. Adjusted EBITDA declined 34.9% to $329.3 million, while adjusted EBITDA margin contracted 350 basis points to 8.5%. BLDR generated about $28 million in productivity savings during the quarter and $34 million during the first six months of 2026. Despite weaker earnings, the company remained cash-generative during the quarter. Cash provided by operating activities was $68 million, down from $273 million in the prior-year period. Free cash flow declined to $32.2 million from $255 million, primarily due to lower net income, partly offset by reduced capital expenditures.Liquidity was approximately $1.6 billion as of June 30, 2026, comprising $1.5 billion of net borrowing availability and $0.1 billion of cash. Net debt totaled $4.6 billion, resulting in a net debt-to-adjusted EBITDA ratio of 3.6 times compared with 2.3 times a year ago. The company had $500 million remaining under its share repurchase authorization. BLDR lowered its 2026 net sales outlook to $14-$14.8 billion from $14.6-$15.6 billion. Gross profit margin is now expected between 27.5% and 28.5% compared with the prior range of 27.5-29%.The company now expects adjusted EBITDA of $1-$1.2 billion, down from $1.1-$1.5 billion, and adjusted EBITDA margin of 7.1-8.1% compared with 7.5-9.6% previously forecasted. Free cash flow expectations were maintained at $0.4-$0.5 billion.BLDR lowered its capital expenditure forecast to $175-$225 million from $225-$275 million. Interest expense is now anticipated between $280 million and $290 million, while the adjusted effective tax rate is expected between 22% and 24%. For the third quarter, management expects net sales of $3.6-$3.9 billion and adjusted EBITDA of $275-$325 million. Builders FirstSource currently carries a Zacks Rank #4 (Sell). Here are some better-ranked stocks from the Zacks Retail-Wholesale sector: Five Below, Inc. FIVE presently sports a Zacks Rank #1 (Strong Buy). The company delivered a trailing four-quarter earnings surprise of 70.1%, on average. FIVE stock has gained 4.4% in the past six months. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Five Below’s 2026 sales and EPS indicates growth of 15.1% and 36.1%, respectively, from the year-ago period’s levels. FIGS, Inc. FIGS has a Zacks Rank #2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 212.5%, on average. FIGS stock has declined 4.9% in the past six months. The Zacks Consensus Estimate for FIGS’ 2026 sales and EPS indicates growth of 15.5% and 36.8%, respectively, from the prior-year levels. Dutch Bros Inc. BROS carries a Zacks Rank of 2 at present. The company delivered a trailing four-quarter earnings surprise of 31.6%, on average. BROS stock has increased 15.8% in the past six months. The Zacks Consensus Estimate for Dutch Bros’ 2026 sales and EPS indicates growth of 27% and 23.7%, respectively, from the prior-year levels. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report Five Below, Inc. (FIVE) : Free Stock Analysis Report FIGS, Inc. (FIGS) : Free Stock Analysis Report Dutch Bros Inc. (BROS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Builders FirstSource (BLDR) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -9.30%. A quarter ago, it was expected that this construction supply company would post earnings of $0.39 per share when it actually produced earnings of $0.27, delivering a surprise of -30.77%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Builders FirstSource, which belongs to the Zacks Building Products - Retail industry, posted revenues of $3.86 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.23%. This compares to year-ago revenues of $4.23 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Builders FirstSource shares have lost about 34.1% since the beginning of the year versus the S&P 500's gain of 6.9%. While Builders FirstSource has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Builders FirstSource was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.68 on $3.99 billion in revenues for the coming quarter and $4.16 on $14.71 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Retail is currently in the bottom 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Tecnoglass (TGLS), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This architectural glass maker is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of -49.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Tecnoglass' revenues are expected to be $265.74 million, up 4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report Tecnoglass Inc. (TGLS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Building materials company Builders FirstSource (NYSE:BLDR) will be reporting results this Thursday before the bell. Here’s what you need to know. Builders FirstSource beat analysts’ revenue expectations last quarter, reporting revenues of $3.29 billion, down 10.1% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but full-year EBITDA guidance missing analysts’ expectations significantly. Is Builders FirstSource a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Builders FirstSource’s revenue to decline 7.4% year on year, a further deceleration from the 5% decrease it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Builders FirstSource has missed Wall Street’s revenue estimates multiple times over the last two years. Looking at Builders FirstSource’s peers in the building products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Simpson delivered year-on-year revenue growth of 6.3%, beating analysts’ expectations by 1.9%, and Apogee reported a revenue decline of 1.1%, topping estimates by 3.4%. Simpson traded up 2.6% following the results. Read our full analysis of Simpson’s results here and Apogee’s results here. Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the building products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Builders FirstSource is down 18.6% during the same time and is heading into earnings with an average analyst price target of $96.52 (compared to the current share price of $73.70). ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention. AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.

Builders FirstSource, Inc. BLDR is slated to report second-quarter 2026 results on July 30, before market open.In the last reported quarter, the company’s adjusted earnings per share (EPS) missed the Zacks Consensus Estimate by 30.8%, while net sales beat the same by 4.5%. On a year-over-year basis, both top and bottom lines tumbled 10.1% and 82.1%, respectively.BLDR’s earnings topped the consensus mark in two of the trailing four quarters and missed on two occasions, the average surprise being negative 8%. The Zacks Consensus Estimate for Builders FirstSource’s second-quarter EPS has moved south to $1.29 from $1.32 in the past 30 days. The estimated figure indicates a 45.8% year-over-year decline from EPS of $2.38 reported in the year-ago quarter. Builders FirstSource, Inc. price-eps-surprise | Builders FirstSource, Inc. Quote The consensus estimate for net sales is pegged at $3.91 billion, indicating a decline of 7.6% from $4.23 billion reported in the year-ago quarter. Net SalesBuilders FirstSource's second-quarter revenues are likely to remain under pressure as elevated mortgage rates, affordability constraints and cautious consumer sentiment continue to weigh on residential construction activity. Single-family revenues may remain soft as lower starts and the ongoing shift toward smaller, less complex homes reduce sales dollars per start. Multifamily activity is also expected to stay muted, with management not anticipating a meaningful improvement before 2027.Value-added products, which comprised 48.3% of first-quarter sales, likely remained pressured by weak single-family construction and lower structural content per home. Specialty products, representing 26% of sales, may have provided some support, though pricing pressure and volatility likely persisted. Lumber and sheet goods, at 25.7% of sales, likely benefited from bundling and share gains, but lower margins and commodity-price movements may have limited the revenue contribution.Despite these industry headwinds, the company continues to benefit from its broad product portfolio, bundled offerings and expanding value-added solutions. Acquisitions are expected to provide incremental revenue support. Since the BMC merger, Builders FirstSource has completed 41 acquisitions representing more than $2.3 billion in annual sales, while the Premium Building Components deal expanded its manufactured products presence into New York. Digital initiatives may also support growth, with the company preparing to launch its next generation of AI-enabled solutions later this year to strengthen customer engagement and capture additional market share.MarginsMargins are likely to remain under pressure in the second quarter despite ongoing cost-control efforts. Competitive pricing, an unfavorable product mix with higher lumber and sheet goods sales, and elevated fuel and input costs are expected to weigh on profitability. While BLDR's $100 million cost-reduction program should provide some relief, weak housing demand, affordability challenges and pricing pressure are likely to keep second-quarter margins constrained. Our proven model does not conclusively predict an earnings beat for Builders FirstSource this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Unfortunately, this is not the case here, as you will see below.BLDR’s Earnings ESP: BLDR has an Earnings ESP of -8.74%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.Zacks Rank of BLDR: The company currently carries a Zacks Rank of #4 (Sell). Here are some companies in the Zacks Retail-Wholesale sector, which, per our model, have the right combination of elements to post an earnings beat in the respective quarters to be reported.BJ's Restaurants, Inc. BJRI currently has an Earnings ESP of +7.51% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here. In the to-be-reported quarter, BJRI's earnings are expected to decline 10.3%. BJRI's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, the average surprise being 136%.CAVA Group, Inc. CAVA currently has an Earnings ESP of +20.30% and a Zacks Rank of 3.In the to-be-reported quarter, CAVA’s earnings are expected to increase 6.3%. CAVA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, the average surprise being 16.6%.The Cheesecake Factory Incorporated CAKE currently has an Earnings ESP of +2.76% and a Zacks Rank of 3.In the to-be-reported quarter, Cheesecake Factory’s earnings are expected to register a 0.9% year-over-year rise. Cheesecake Factory’s earnings surpassed estimates in each of the trailing four quarters, with an average beat of 6.7%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report BJ's Restaurants, Inc. (BJRI) : Free Stock Analysis Report The Cheesecake Factory Incorporated (CAKE) : Free Stock Analysis Report CAVA Group, Inc. (CAVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Builders FirstSource (BLDR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This construction supply company is expected to post quarterly earnings of $1.29 per share in its upcoming report, which represents a year-over-year change of -45.8%. Revenues are expected to be $3.9 billion, down 7.9% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Builders FirstSource, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -8.74%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that Builders FirstSource will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Builders FirstSource would post earnings of $0.39 per share when it actually produced earnings of $0.27, delivering a surprise of -30.77%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Builders FirstSource doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

With a market cap of $8 billion, Builders FirstSource, Inc. (BLDR) is a leading supplier of building materials, manufactured components, and construction services for professional builders, remodelers, and contractors across the United States. The company offers a wide range of products and solutions, including engineered wood, modular homes, windows, doors, millwork, and installation services, while also providing design, estimating, and virtual homebuilding support. The Irving, Texas-based company is expected to release its fiscal Q2 2026 results before the market opens on Thursday, Jul. 30. Ahead of this event, analysts project BLDR to report an adjusted EPS of $1.32, a 44.5% decrease from $2.38 in the year-ago quarter. It has exceeded Wall Street's bottom-line estimates in two of the last four quarters while missing on two other occasions. Intel Stock Is ‘Too Good to Ignore’ as HSBC Sets a New Street-High Price Target Intel Just Lost a Veteran Employee. It Likely Just Won a Key Catalyst for INTC Stock in the Process. SK Hynix Stock Debuts for U.S. Investors Tomorrow. The DRAM ETF Could Be the Biggest Loser. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2026, analysts forecast the construction supply company to report adjusted EPS of $4.32, down 37.3% from $6.89 in fiscal 2025. However, adjusted EPS is projected to increase 31.7% year-over-year to $5.69 in fiscal 2027. BLDR stock has declined 43.2% over the past 52 weeks, lagging behind the broader S&P 500 Index's ($SPX) nearly 20% return and the State Street Industrial Select Sector SPDR ETF's (XLI) 20.6% gain over the same period. Shares of Builders FirstSource fell 5.2% on Apr. 30 after the company reported weak Q1 2026 results, with net sales declining 10.1% year-over-year to $3.3 billion and adjusted EBITDA dropping 42.1% to $213.8 million amid a softer housing starts environment and commodity deflation. Investors were also concerned as the company posted a net loss of $47.4 million, or $(0.43) per share while adjusted EPS plunged to $0.27. In addition, BLDR’s adjusted EBITDA margin fell 360 basis points to 6.5%, net debt leverage rose to 3.2x, and management’s 2026 outlook projected continued weakness with single-family and multifamily housing starts expected to decline low-single digits. Analysts' consensus view on BLDR stock is cautiously optimistic, with an overall "Moderate Buy" rating. Among 24 analysts covering the stock, 10 suggest a "Strong Buy," two give a "Moderate Buy," 11 provide a "Hold" rating, and one has a "Strong Sell." The average analyst price target is $96.24, indicating a potential upside of 25.8% from the current levels. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com