The earnings call highlighted strong free cash flow, significant digital advancements, and strategic M&A activities. However, these positives were offset by challenges in the housing market leading to lower sales, decreased gross profit and EBITDA, and significant commodity deflation pressures, particularly in OSB. The sentiment is mixed with notable achievements overshadowed by ongoing market challenges.

Company Guidance -

Q3 2025

In the Builders FirstSource Second Quarter 2025 Earnings Conference Call, the company provided detailed guidance for the fiscal year. They revised their net sales forecast to range between $14.8 billion and $15.6 billion, with adjusted EBITDA expected to be between $1.5 billion and $1.7 billion. The adjusted EBITDA margin is projected to be in the range of 10.1% to 10.9%. The company anticipates free cash flow of $800 million to $1 billion. For the third quarter, net sales are expected to be between $3.65 billion and $3.95 billion, with adjusted EBITDA ranging from $375 million to $425 million. They highlighted that the Single-Family starts are expected to decrease by 10% to 12% for the year, and they foresee a multi-family sales headwind of $400 million to $500 million. Despite these challenges, Builders FirstSource emphasized their focus on operational excellence, capital allocation, and leveraging technology to improve customer service and drive long-term growth.

Strong Free Cash Flow and Capital Allocation

Generated $255 million in free cash flow in Q2. Deployed over $500 million towards return-enhancing opportunities and repurchased 3.3 million shares at an average price of $118.27 per share for $391 million.

Digital and Technology Advancements

Announced Gayatri Narayan as President of Technology and Digital Solutions. Digital tools saw more than $2 billion of orders and $4 billion of quotes, metrics up over 400% and nearly 300% year-to-date, respectively, compared to 2024.

M&A Expansion

Acquired Truckee-Tahoe Lumber with prior year sales of roughly $120 million, expanding presence in Northern California and Nevada. Successfully executed 35 acquisitions since the BMC merger in 2021.

Builders Firstsource (BLDR) Earnings, Revenues Date & History

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BLDR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.59 / -	3.07	―	―	―
Jul 31, 2025	2025 (Q2)	2.21 / 2.38	3.5	-32.00% (-1.12)
May 01, 2025	2025 (Q1)	1.36 / 1.51	2.65	-43.02% (-1.14)
Feb 20, 2025	2024 (Q4)	2.11 / 2.31	3.55	-34.93% (-1.24)
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)

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

BLDR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$126.11	$127.13	+0.81%
May 01, 2025	$119.63	$111.93	-6.44%
Feb 20, 2025	$144.79	$144.39	-0.28%
Nov 05, 2024	$172.43	$180.99	+4.96%

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.