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Builders FirstSource recently released its financial results for the first quarter of 2026, reporting a significant decline in net sales in the first three months of the year.
Net sales for the company were $3.3 billion, 10.1% lower than Q1 2025, primarily due to a lower starts environment. Net income also saw a loss of $47.4 million, down 400 basis points. Builders FirstSource cites lower gross profit and higher net interest expense, partially offset by lower SG&A and an income tax benefit as the primary factor impacting net income.
Diluted EPS saw a $0.43 loss compared to diluted EPS of $0.84 in the first quarter of 2025.
“Our first quarter results reflect the adaptability of our operating model as we delivered strong strategic share growth in a weak housing market,” says Peter Jackson, CEO of Builders FirstSource. “Across the organization, we remain focused on the factors within our control, including serving our customers, expanding our differentiated portfolio of value-added solutions and leveraging technology to accelerate growth and drive operational excellence. This disciplined approach continues to strengthen our leading position as a trusted, full-service partner to homebuilders.”
The company also commented on the full-year outlook for 2026, projecting net sales to be in a range of $14.6 billion to $15.6 billion and adjusted EBITDA to be in a range of $1.1 billion to $1.5 billion.
“Our first quarter performance demonstrates our disciplined execution and focus on cost and working capital management,” says Pete Beckmann, CFO of Builders FirstSource. “We are generating strong cash flow through the cycle, investing selectively in high-return opportunities and maintaining a strong balance sheet. This balanced approach enables us to navigate the current environment while compounding shareholder value over time.”
