Builders FirstSource, Inc. Q1 2026 Financial Results and Share Repurchase Authorization

Builders FirstSource, Inc. reported its financial results for the first quarter ended March 31, 2026. Net sales decreased by 10.1% to $3.3 billion, primarily due to a lower housing starts environment, with a decline in core organic net sales and commodity deflation, partially offset by acquisitions. Gross profit decreased by 16.7% to $0.9 billion, with a gross profit margin of 28.3%. The company reported a net loss of $47.4 million, or $(0.43) per diluted share, compared to a net income of $96.3 million, or $0.84 per diluted share, in the prior year period. Adjusted EBITDA decreased by 42.1% to $213.8 million. Cash provided by operating activities was $87.5 million, and free cash flow was $42.7 million. The company also announced that its board of directors has authorized the repurchase of up to $500 million of its outstanding shares of common stock, which includes remaining authorization from a prior period. As of April 30, 2026, the company had repurchased a cumulative total of 102.6 million shares since August 2021.