BLDR Filings — Builders Firstsource, Inc. - FilingSpy
BLDR
Builders Firstsource, Inc.
A supplier and manufacturer of building materials serving professional homebuilders, remodeling contractors, and multi-family builders across the U.S., it makes roof trusses, wall panels, windows, doors, and lumber. Founded in 1998 in Dallas as a "buy-and-build" roll-up to consolidate a fragmented industry, it grew into a national player through the 2015 ProBuild acquisition and the 2021 merger with BMC Stock Holdings. Its name reflects its focus on serving professional builders first—not everyday shoppers at big-box home stores.
Builders FirstSource to separate from President of Technology and Digital Solutions, Gayatri Narayan, effective Aug 14, 2026.
Her departure is not due to any disagreement with the company on operations, policies, or practices.
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Gayatri Narayan was notified on August 3, 2026, of her separation from the role of President, Technology and Digital Solutions, effective August 14, 2026.
She will receive severance payments and benefits under the Builders FirstSource Executive and Key Employee Severance Plan, subject to signing a separation agreement and release of claims.
The severance plan is referenced as Exhibit 10.34 to the company's Annual Report on Form 10-K filed February 28, 2023.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Builders FirstSource names Mike Hiller COO-Designate; Steve Herron to retire Dec 31, 2026
Coley O'Brien appointed Chief Human Resources Officer effective May 18, 2026, succeeding Mike Hiller.
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Mike Hiller appointed Chief Operating Officer-Designate effective May 18, 2026, succeeding Steve Herron, who will retire on December 31, 2026.
Steve Herron has served as COO since March 2023 and is retiring after over 15 years with the company.
At the annual meeting, all six director nominees were elected, and shareholders approved the 2026 Equity Incentive Plan and Employee Stock Purchase Plan.
Shareholders ratified PricewaterhouseCoopers LLP as independent auditor for 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Builders FirstSource Q3 2025 net sales fell 6.9% to $3.9B; adjusted EBITDA down 30.8%.
Net sales decreased 6.9% to $3.9 billion for Q3 2025, driven by lower core organic net sales and commodity deflation, partially offset by acquisitions.
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Net income was $122.4 million, or diluted EPS of $1.10, compared to $284.8 million, or $2.44, in the prior year period.
Adjusted EBITDA decreased 30.8% to $433.7 million; adjusted EBITDA margin declined 380 basis points to 11.0%.
Free cash flow was $464.9 million, down 26.8% from $634.7 million in the prior year period.
For full-year 2025, the company expects net sales of $15.1-$15.4 billion, adjusted EBITDA of $1.625-$1.675 billion, and free cash flow of $0.8-$1.0 billion.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits