Builders FirstSource Q3 2024 10-Q Filed

TL;DR

BLDR Q3 10-Q is in. Check financials for building materials performance.

AI Summary

Builders FirstSource, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial data and disclosures relevant to investors are presented, including information on their various building material segments and debt instruments.

Why It Matters

This filing provides investors with the latest financial performance data for Builders FirstSource, crucial for understanding the company's health and future prospects in the building materials sector.

Risk Assessment

Risk Level: medium — The filing contains standard financial disclosures for a public company, but the building materials sector can be sensitive to economic cycles.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 2024-11-05 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Builders FirstSource, Inc. (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• 2024-11-05 (date) — Filing date
• 6031 CONNECTION DR., STE. 400 (address) — Company's business and mailing address
• IRVING, TX (location) — City and State of company's address
• 001-40620 (other) — SEC File Number
• bldr:SixPointThreeSevenFivePercentageSeniorNotesDueTwoThousandThirtyFourMember (debt_instrument) — Specific debt instrument mentioned

FAQ

Key Financial Figures

• $0.01 — ch Registered Common stock, par value $0.01 per share BLDR New York Stock Excha
• $0 — of the issuer's common stock, par value $0.01, outstanding as of October 31, 2024,

Filing Documents

• bldr-20240930.htm (10-Q) — 1453KB
• bldr-ex31_1.htm (EX-31.1) — 12KB
• bldr-ex31_2.htm (EX-31.2) — 12KB
• bldr-ex32_1.htm (EX-32.1) — 8KB
• 0000950170-24-121436.txt ( ) — 6155KB
• bldr-20240930.xsd (EX-101.SCH) — 891KB
• bldr-20240930_htm.xml (XML) — 1002KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION 3 Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Statements of Operations (Unaudited) for the Three and Nine Months Ended September 30, 2024 and 2023 3 Condensed Consolidated Balance Sheets (Unaudited) as of September 30, 2024, and December 31, 2023 4 Condensed Consolidated Statements of Cash Flows (Unaudited) for the Nine Months ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) for the Three and Nine Months Ended September 30, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements (Unaudited) 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 20 Item 4.

Controls and Procedures

Controls and Procedures 20

— OTHER INFORMATION

PART II — OTHER INFORMATION 22 Item 1.

Legal Proceedings

Legal Proceedings 22 Item 1A.

Risk Factors

Risk Factors 22 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22 Item 5. Other Information 22 Item 6. Exhibits 23 2 P ART I — FINANCIAL INFORMATION I tem 1. Financial Statements (unaudited) BUILDERS FIRSTSOURCE, INC. AND SUBSIDIARIES C ONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share amounts) 2024 2023 2024 2023 Net sales $ 4,232,494 $ 4,534,264 $ 12,580,186 $ 12,946,468 Cost of sales 2,846,161 2,953,162 8,431,315 8,399,020 Gross margin 1,386,333 1,581,102 4,148,871 4,547,448 Selling, general and administrative expenses 958,310 939,474 2,857,768 2,861,565 Income from operations 428,023 641,628 1,291,103 1,685,883 Interest expense, net 54,263 50,193 154,615 145,317 Income before income taxes 373,760 591,435 1,136,488 1,540,566 Income tax expense 88,977 139,978 248,834 350,704 Net income $ 284,783 $ 451,457 $ 887,654 $ 1,189,862 Net income per share: Basic $ 2.45 $ 3.62 $ 7.45 $ 9.19 Diluted $ 2.44 $ 3.59 $ 7.39 $ 9.10 Weighted average common shares: Basic 116,176 124,577 119,120 129,521 Diluted 116,940 125,792 120,116 130,734 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 BUILDERS FIRSTSOURCE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDA TED BALANCE SHEETS (Unaudited) (in thousands, except per share amounts) September 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 328,103 $ 66,156 Accounts receivable, less allowances of $ 42,530 and $ 42,488 , respectively 1,369,660 1,436,917 Other receivables 279,177 290,310 Inventories 1,203,919 1,228,265 Contract assets 184,351 165,677 Other current assets 109

View Full Filing

View this 10-Q filing on SEC EDGAR