Builders FirstSource Q4 2022 Earnings Report
Key Takeaways
Builders FirstSource reported a decrease in net sales of 6.0% to $4.4 billion, driven by declining single-family starts, two fewer selling days, and commodity deflation, partially offset by growth from acquisitions. Net income decreased 13.1% to $0.4 billion, and adjusted EBITDA decreased 12.2% to $0.7 billion. The company repurchased $651.4 million of common shares during the quarter.
Net sales decreased 6.0% to $4.4 billion due to declining single-family starts and commodity deflation.
Net income decreased 13.1% to $0.4 billion, or $2.62 per diluted share.
Adjusted EBITDA decreased 12.2% to $0.7 billion, with a margin decline of 110 basis points to 16.0%.
The company repurchased $651.4 million of common shares during the quarter.
Builders FirstSource
Builders FirstSource
Builders FirstSource Revenue by Segment
Forward Guidance
The Company expects challenging conditions in housing amid elevated mortgage rates and general uncertainty in economic conditions that may significantly impact the business. As a result, the Company is not providing guidance for the full year 2023 but will reassess each quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income