Builders FirstSource, Inc. (NYSE: BLDR), a leading supplier of structural building products and prefabricated components, reported a double-digit decrease in net sales for the fourth quarter of fiscal 2025.
- Fourth-quarter net sales dropped 12.1% YoY to $3.4 billion, primarily due to a below-normal starts environment
- There was a 14% decline in core organic net sales and a commodity deflation of 1.9%, partially offset by growth from acquisitions of 3.8%
- Core organic sales declined 14.0% in Q4; multi-family sales dropped 20.4% and single-family sales declined 15.4%
- Q4 net income was $31.5 million or $0.28 per share, compared to $190.2 million or $1.65 per share in Q4 2024
- Adjusted earnings plunged 53.5% YoY to $124.3 million, hurt by lower gross profit and higher net interest expense
- On a per-share basis, fourth-quarter adjusted earnings were $1.12, compared to $2.31 in the same period a year ago
- Fourth-quarter adjusted EBITDA decreased 44.3% to $274.9 million, mainly due to lower gross profit
- Adjusted EBITDA margin declined by 470 basis points year-over-year to 8.2% during the three months