The earnings call shows a mixed performance with strong operational efficiencies, productivity savings, and strategic acquisitions. However, there are notable challenges such as declines in sales, particularly in multifamily, and a tough single-family market due to affordability issues. Despite these challenges, the company maintains strong gross margins and continues to invest in digital and value-added services.

Company Guidance

During Builders FirstSource's third quarter 2024 earnings call, the company provided guidance indicating a strong performance with a gross margin of nearly 33% despite challenges such as rate uncertainty and extreme weather conditions. The adjusted EBITDA margin remained robust, staying in the mid-teens for 14 consecutive quarters. The company reported $27 million in productivity savings for the third quarter and a total of $104 million year-to-date. Installed services sales increased by 11% year-over-year, and an on-time and in-full delivery rate exceeded 90%. The company completed six acquisitions with 2023 sales totaling approximately $190 million. Additionally, Builders FirstSource expects total company net sales for 2024 to range between $16.25 billion and $16.5 billion, with adjusted EBITDA projected at $2.25 billion to $2.35 billion, and plans to deploy $5.5 billion to $8.5 billion in capital between 2024 and 2026.

Strong Gross Margins

Delivered strong gross margins of nearly 33% despite challenges, highlighting the transformed business model and differentiated product portfolio.

Productivity Savings

Achieved $27 million in productivity savings in Q3, with $104 million year-to-date, primarily through efficient manufacturing and procurement initiatives.

Increase in Installed Services

Installed sales increased by 11% year-over-year, focusing on helping customers address labor challenges.

Digital Platform Adoption

Since launching in late February, nearly $600 million of orders were placed through the digital platform, with $83 million being incremental sales.

Active M&A Strategy

Completed 6 acquisitions in Q3 with combined 2023 sales of $190 million, reinforcing commitment to value-added products.

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Builders Firstsource (BLDR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BLDR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 04, 2025	2024 (Q4)	2.17 / -	3.55	―	―	―
Nov 05, 2024	2024 (Q3)	2.96 / 3.07	4.24	-27.59% (-1.17)
Aug 06, 2024	2024 (Q2)	3.02 / 3.50	3.89	-10.03% (-0.39)
May 07, 2024	2024 (Q1)	2.30 / 2.65	2.96	-10.47% (-0.31)
Feb 22, 2024	2023 (Q4)	2.56 / 3.55	3.21	10.59% (+0.34)
Nov 01, 2023	2023 (Q3)	3.88 / 4.24	5.2	-18.46% (-0.96)
Aug 02, 2023	2023 (Q2)	2.56 / 3.89	6.26	-37.86% (-2.37)
May 03, 2023	2023 (Q1)	1.53 / 2.96	3.9	-24.10% (-0.94)
Feb 28, 2023	2022 (Q4)	2.36 / 3.21	2.78	15.47% (+0.43)
Nov 08, 2022	2022 (Q3)	3.30 / 5.20	3.39	53.39% (+1.81)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BLDR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2024	$172.43	$180.99	+4.96%
Aug 06, 2024	$149.65	$155.73	+4.06%
May 07, 2024	$200.88	$162.62	-19.05%
Feb 22, 2024	$183.66	$188.37	+2.56%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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