Builders FirstSource sees FY24 revenue $17.5B-$18.5B, consensus $17.98B

Sees FY24 adjusted EBITDA $2.4B-$2.8B. Sees FY24 adjusted EBITDA margin 14%-15%. Sees FY24 free cash flow $1B-$1.2B. Peter Jackson, CFO of Builders FirstSource, added, “Our first quarter results demonstrate the effectiveness of our strategy and operating model amid a measured start to the year. We are maintaining our fortress balance sheet and prudently deploying capital to the highest return opportunities, which included acquisitions and share repurchases during the first quarter. Our $1 billion senior notes offering priced in February strengthens our financial flexibility to grow organically and remain acquisitive. We are leveraging our sustainable competitive advantages and strong financial position to drive future growth and value creation for our customers and shareholders.”