Markets BLDR

Builders FirstSource Posts Loss In Q2

(RTTNews) - Builders FirstSource (BLDR) reported a second quarter net loss of $3.9 million, or loss of $0.04 per share compared to profit of $185.0 million, or $1.66 per share, in the prior-year period. Adjusted net income was $126.1 million, a decrease of 52.3% from last year. Adjusted earnings per share was $1.17, compared to $2.38 in the prior-year period. Adjusted EBITDA decreased 34.9% to $329.3 million.

Net sales were $3.9 billion, a decrease of 8.8% from last year, primarily due to a lower housing starts environment and related headwinds. The company said the decline reflects lower core organic net sales and commodity deflation, partially offset by growth from acquisitions. Core organic net sales declined 7.0%.

For fiscal 2026, the company expects net sales to be in a range of $14.0 billion to $14.8 billion, and adjusted EBITDA to be in a range of $1.0 billion to $1.2 billion.

In pre-market trading on NYSE, Builders FirstSource shares are down 2.60 percent to $66.00.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available