Builders Firstsource (BLDR) Q3 2026 Earnings Report
MX:BLDR Q3 2026 EPS Results
- Actual EPS
- MXN 28.37
- Consensus EPS
- MXN 19.88
- Beat/Miss
- Beat by +MXN 8.49
- One Year Ago EPS
- MXN 35.32
MX:BLDR Q3 2026 Revenue Results
- Actual Revenue
- MXN 72.40B
- Expected Revenue
- MXN 70.49B
- Beat/Miss
- Beat by +MXN 1.91B
- YoY Revenue Growth
- -2.21%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/29/2026
- Time
- Before Open
- Conference Call
- Thursday, October 29, 2026
Builders Firstsource's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was balanced. Management highlighted disciplined execution, market-share gains, cost actions, productivity initiatives, acquisitions, technology investments, liquidity, and maintained 2026 outlook midpoints. However, these positives were offset by significant declines in sales, gross profit, margins, adjusted EBITDA, adjusted EPS, and operating cash flow, along with weak housing demand, higher rates, affordability constraints, transportation costs, excess industry capacity, and expected near-term pressure on multifamily and gross margins.
For 2026, Builders FirstSource is maintaining the midpoints of its full-year net sales and adjusted EBITDA outlook, expecting net sales of $14.2 billion to $14.6 billion, adjusted EBITDA of $1.075 billion to $1.125 billion, adjusted EBITDA margin of 7.4% to 7.9%, gross margin of 27.5% to 28.5%, and free cash flow of approximately $400 million to $450 million, narrowing the band within our previously stated range; assumptions include single-family starts to be down nearly 7%, multi-family starts down about 4%, repair and remodel activity down 1%, and average commodity prices in the range of $390 to $410 per thousand board foot, around the long-term average of $400. The company remains on track to deliver $115 million of cost actions in 2026 or $140 million on a full run rate basis, including the additional savings identified last quarter, with $25 million of those savings hitting next year; 2027 scenarios are not guidance and do not include cost actions beyond those already announced.
- Quarterly Results Met ExpectationsThird quarter sales and adjusted EBITDA were in line with expectations despite soft single-family activity, supported by value-added offerings, cost actions, and ongoing productivity efforts.
- Market Share GainsThe company gained roughly 1-2 points of share in the quarter and stated that it gained share in a challenging market.
- Cost Actions on TrackBuilders FirstSource remains on track to deliver $115 million of cost actions in 2026, or $140 million on a full run-rate basis. The company said $25 million of the savings will hit next year.
- Productivity Savings and Facility ConsolidationThe company generated $23 million in productivity savings through targeted supply chain initiatives and manufacturing efficiencies. It consolidated 45 facilities during the year and 100 over the past three years while maintaining an on-time and in-full delivery rate above 90%.
- Value-Added Products and Labor TailwindsThe shortage of skilled trades is driving builders toward off-site and installed solutions, where the company said its offerings and scale position it as the partner of choice. Management also said labor availability issues are creating a tailwind for value-added products.
- Technology Investments and Sales-App ProductivityThe company led the Series A financing for Digs and invested in Scaffold, both AI platforms intended to improve construction-document, scheduling, and purchase-order workflows. A pilot sales app with will-call functionality reduced the time customers take to place an order by up to 90%.
- Strategic Acquisitions in the SoutheastThe company acquired ICG and Gleckler and Sons during the quarter, strengthening its ability to serve customers in the Southeast. Since the BMC merger in 2021, Builders FirstSource has completed 44 acquisitions representing approximately $2.5 billion in annual sales.
- Capital Deployment and LiquidityThe company deployed approximately $161 million in the third quarter toward return-enhancing opportunities, including $71 million of capital expenditures and $91 million of acquisitions. Management cited approximately $1.5 billion of liquidity and consistent free cash flow as sources of financial flexibility.
- Maintained 2026 OutlookThe company maintained the midpoints of its full-year net sales and adjusted EBITDA outlook while narrowing the ranges. Net sales are expected to be $14.2 billion to $14.6 billion, adjusted EBITDA $1.075 billion to $1.125 billion, adjusted EBITDA margin 7.4% to 7.9%, gross margin 27.5% to 28.5%, and free cash flow approximately $400 million to $450 million.
- Relative Strength in Selected Regions and SegmentsPerformance was relatively stronger in California, Florida, and the Northeast, partially offsetting continued softness in Texas and Colorado. Core organic multifamily sales increased 2% and repair and remodel sales were roughly flat.
- Customer-Service and Bundling StrategyManagement said the company is pursuing share gains through customer service, bundled product offerings, market-level sales initiatives, and supplier partnerships rather than relying solely on aggressive pricing. The strategy is focused on helping builders control costs and address affordability.
- Long-Term Margin and Operating-Leverage OpportunityManagement said normalized gross margin remains anchored to normal volumes and that 30% to 33% is a reasonable long-term level at approximately 1,115 total single-family starts. It also said contribution margins in the 20s range are not unreasonable when the business is operating at higher utilization.
- Potential Benefits from Build-to-Order VisibilityManagement said build-to-order activity provides better visibility, supports a larger percentage of the value of a start, and can allow the company to serve jobsites efficiently.
- Commodity Pricing SupportManagement described disciplined behavior from lumber mills and noted that mill curtailments were supportive of pricing remaining at levels where the company and mills can be profitable. The 2026 outlook assumes average commodity prices of $390 to $410 per thousand board foot.
- Investment in Long-Term ProductivityThe company said modern technology tools remain a meaningful opportunity to improve execution and productivity, with potential benefits to SG&A as a percentage of sales and to COGS.
MX:BLDR Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 25, 2027 | 2026 (Q4) | 11.25- | 21.04 | ― | ― |
| Oct 29, 2026 | 2026 (Q3) | 19.8828.37 | 35.32 | -19.68% (-6.95) | |
| Jul 30, 2026 | 2026 (Q2) | 23.4321.98 | 44.71 | -50.84% (-22.73) | |
| Apr 30, 2026 | 2026 (Q1) | 7.205.07 | 28.37 | -82.12% (-23.29) | |
| Feb 17, 2026 | 2025 (Q4) | 24.5721.04 | 43.4 | -51.52% (-22.36) | |
| Oct 30, 2025 | 2025 (Q3) | 30.6835.32 | 57.67 | -38.76% (-22.36) | |
| Jul 31, 2025 | 2025 (Q2) | 41.9544.71 | 65.75 | -32.00% (-21.04) | |
| May 01, 2025 | 2025 (Q1) | 26.0028.37 | 49.78 | -43.02% (-21.42) | |
| Feb 20, 2025 | 2024 (Q4) | 40.3343.40 | 66.69 | -34.93% (-23.29) | |
| Nov 05, 2024 | 2024 (Q3) | 55.9157.67 | 79.65 | -27.59% (-21.98) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.