NYSE$BLDR
Builders FirstSource Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Builders FirstSource reported a decrease in net sales and adjusted EBITDA, but earnings per share increased due to share repurchases.
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.
Headline financials
Revenue & EPS history
Builders FirstSource · Revenue · Quarterly
$4.36B
Revenue by segment
Builders FirstSource · $3.38B total across 3 segments · Q4 2022
- Manufactured Products$1.15B-1.9%34.0%
- Windows, Doors & Millwork$1.13B+24.0%33.5%
- Lumber & Sheet Goods$1.1B-34.7%32.5%
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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
+1.2%
Avg return
Earnings day
+2.6%
Avg return
5 days after
+2.6%
Avg return
30 days after
47%
30 / 64 earnings
Positive
+23.3%
Q3 2015
Best reaction
-18.6%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | -10.6% | -8.6% | |
| Q4 2025 | +0.8% | -3.6% | -26.4% | |
| Q3 2025 | -3.1% | -4.8% | -2.7% | |
| Q1 2025 | -6.4% | -10.4% | -10.0% | |
| Q4 2024 | -0.3% | -2.8% | -12.7% | |
| Q3 2024 | +2.5% | +3.4% | +2.0% | |
| Q2 2024 | +2.1% | +3.9% | +12.0% | |
| Q1 2024 | -18.6% | -16.9% | -27.5% | |
| Q4 2023 | +2.7% | +5.2% | +14.6% | |
| Q3 2023 | +11.7% | +15.7% | +28.3% | |
| Q2 2023 | -1.4% | +3.7% | +1.3% | |
| Q1 2023 | +12.2% | +19.4% | +25.0% | |
| Q4 2022 | +5.2% | +9.4% | +5.8% | |
| Q3 2022 | -1.5% | +13.8% | +14.7% | |
| Q2 2022 | +3.3% | +0.5% | -13.8% | |
| Q1 2022 | -2.7% | +3.3% | +0.6% | |
| Q4 2021 | +3.8% | -0.4% | -13.3% | |
| Q3 2021 | +11.6% | +12.3% | +18.0% | |
| Q2 2021 | +2.9% | +6.2% | +18.6% | |
| Q1 2021 | +6.7% | +2.7% | -13.0% | |
| Q4 2020 | +10.4% | +6.5% | +14.8% | |
| Q3 2020 | -0.7% | +7.1% | +24.3% | |
| Q2 2020 | -0.0% | +10.6% | +33.6% | |
| Q1 2020 | -11.8% | -13.5% | +6.5% | |
| Q4 2019 | -4.5% | -11.6% | -59.2% | |
| Q3 2019 | +8.7% | +6.4% | +13.6% | |
| Q2 2019 | +9.8% | +10.5% | +13.2% | |
| Q1 2019 | +17.0% | +16.4% | -1.9% | |
| Q4 2018 | +2.2% | +0.6% | -2.8% | |
| Q3 2018 | +17.8% | +12.0% | +9.3% | |
| Q2 2018 | -1.4% | -4.7% | -9.4% | |
| Q1 2018 | -3.1% | -5.8% | +2.8% | |
| Q4 2017 | +7.8% | +7.2% | +1.0% | |
| Q3 2017 | +5.3% | +3.0% | +17.5% | |
| Q2 2017 | +7.0% | +6.4% | +6.1% | |
| Q1 2017 | -4.2% | -11.1% | -11.1% | |
| Q4 2016 | +13.4% | +18.2% | +15.8% | |
| Q3 2016 | -3.1% | +0.3% | +12.1% | |
| Q2 2016 | -4.2% | -5.4% | +2.4% | |
| Q1 2016 | +2.8% | — | — | |
| Q4 2015 | +13.4% | — | — | |
| Q3 2015 | +23.3% | — | — | |
| Q2 2015 | -3.3% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | -4.0% | — | — | |
| Q3 2014 | +4.6% | — | — | |
| Q2 2014 | -10.8% | — | — | |
| Q1 2014 | -4.4% | — | — | |
| Q4 2013 | +7.2% | — | — | |
| Q3 2013 | -0.5% | — | — | |
| Q2 2013 | -2.2% | — | — | |
| Q1 2013 | +3.9% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | -1.8% | — | — | |
| Q2 2012 | -15.4% | — | — | |
| Q1 2012 | -6.9% | — | — | |
| Q4 2011 | +4.6% | — | — | |
| Q3 2011 | -10.4% | — | — | |
| Q2 2011 | -11.0% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q4 2010 | +0.8% | — | — | |
| Q3 2010 | -1.9% | — | — | |
| Q2 2010 | -7.1% | — | — | |
| Q1 2010 | -0.5% | — | — |
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