Builders FirstSource reported first-quarter 2025 net income of $96.3 million, or $0.84 per share. Adjusted earnings per share came in at $1.51, slightly exceeding the average analyst estimate of $1.50 per share.
However, the company's revenue for the quarter was $3.66 billion, a 6.0% decrease year-over-year, missing Street forecasts of $3.69 billion. Core organic sales declined by 8.1%, primarily driven by a 33% drop in multi-family activity and a 6% decrease in single-family starts.
The gross margin for Q1 2025 was 30.5%, down from 33.4% in the prior year. Builders FirstSource trimmed its full-year 2025 revenue guidance to a range of $16.05 billion to $17.05 billion, down from the previous guidance of $16.5 billion to $17.5 billion. The company also announced $17 million in productivity savings and completed two acquisitions with aggregate prior year sales of approximately $565 million during the quarter. Additionally, $13 million of common stock was repurchased in Q1, with an additional $391 million repurchased in April.
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