Earnings Releases·Oct 29, 2026, 6:00 AM ET

Builders FirstSource — Third Quarter 2026 Earnings Summary

Net sales declined 2.2% year-over-year to $3.9 billion, while net income fell 50.7% to $60.4 million ($0.56 EPS) and Adjusted EBITDA dropped 28.3% to $311.1 million, driven by a 260-basis point gross margin contraction to 27.8%.
Full-year 2026 guidance remains unchanged for net sales ($14.2B–$14.6B), gross profit margin (27.5%–28.5%), and Adjusted EBITDA ($1.075B–$1.125B), with free cash flow projected at $400M–$450M.
Capital allocation includes $500 million remaining under share repurchase authorization, with $8.3 billion total repurchased since 2021, alongside $90.8 million in acquisition spend for the quarter.
Segment performance was mixed with Single Family sales down 6.2%, while Multi-Family and Repair & Remodel sales grew 2.0% and 0.3% respectively; net debt increased to $4.6 billion, raising the net debt to LTM Adjusted EBITDA ratio to 4.1x.