Builders FirstSource (BLDR) Q3 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Builders FirstSource delivered a better-than-expected third quarter despite a punishing housing backdrop, with adjusted diluted EPS of $1.88 beating the $1.72 consensus by 9.06% even as the broader results painted a picture of a company grinding thro… Read more Builders FirstSource delivered a better-than-expected third quarter despite a punishing housing backdrop, with adjusted diluted EPS of $1.88 beating the $1.72 consensus by 9.06% even as the broader results painted a picture of a company grinding through a prolonged market downturn. Net sales of $3.94 billion edged past the $3.85 billion estimate by 2.48%, though the figure still represented a 6.9% year-over-year decline, driven primarily by a 10.6% drop in core organic net sales as single-family starts slid 12.1% and multi-family volumes fell 20.2% across the company's geographies. Gross margin compressed 240 basis points to 30.4%, and adjusted EBITDA dropped 30.8% to $433.70 million, underscoring just how sharply reduced housing activity is weighing on operating leverage. Analysts currently maintain a consensus "Hold" rating on the stock, reflecting the cautious near-term outlook. Looking ahead, management reaffirmed full-year 2025 guidance, projecting net sales of $15.10 billion to $15.40 billion and free cash flow of $800 million to $1.00 billion, even as it assumes single-family starts remain down roughly 9% for the year.