Builders FirstSource Q2 2024 10-Q Filed

Ticker: BLDR · Form: 10-Q · Filed: 2024-08-06T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, debt, building-materials

Related Tickers: BLDR

TL;DR

BLDR Q2 10-Q is in. Shows debt details and segment performance. Check it.

AI Summary

Builders FirstSource, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and includes information on various senior notes, such as the 4.25% Senior Notes due 2032 and the 6.375% Senior Notes due 2034. The company also reported on its Windows, Doors, and Millwork segment and Specialty Building Products and Services segment for the second quarter of 2024.

Why It Matters

This filing provides investors with the latest financial snapshot of Builders FirstSource, including details on their debt obligations and segment performance, crucial for understanding the company's financial health and operational trends.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, including debt instruments and segment performance, which requires careful analysis to assess the company's financial health and associated risks.

Key Numbers

20240630 — Period End Date (The 10-Q covers financial data up to this date.)
2024-04-01 — Quarter Start Date (Beginning of the reporting period for the Windows, Doors, and Millwork segment.)
2023-06-30 — Prior Year Quarter End (Comparison point for financial performance.)

Key Players & Entities

Builders FirstSource, Inc. (company) — Filer of the 10-Q
20240630 (date) — Period of report
0000950170-24-091788 (other) — Accession Number
4.25% Senior Notes due 2032 (dollar_amount) — Debt instrument mentioned
6.375% Senior Notes due 2034 (dollar_amount) — Debt instrument mentioned

FAQ

What is the total value of the 4.25% Senior Notes due 2032 as of June 30, 2024?

The filing mentions the 4.25% Senior Notes due 2032 in relation to the balance sheet as of December 31, 2023, but does not explicitly state the total value outstanding as of June 30, 2024, within the provided text.

What were the reported revenues for the Windows, Doors, and Millwork segment for the quarter ended June 30, 2024?

The filing indicates the period for the Windows, Doors, and Millwork segment as April 1, 2024, to June 30, 2024, but the specific revenue figures are not detailed in the provided text.

Did Builders FirstSource report any reclassifications or adjustments in the prior period?

Yes, the filing mentions 'srt:RevisionOfPriorPeriodReclassificationAdjustmentMember' for both the Windows, Doors, and Millwork segment and the Specialty Building Products and Services segment, indicating prior period adjustments.

What is the fiscal year end for Builders FirstSource, Inc.?

The fiscal year end for Builders FirstSource, Inc. is December 31.

What is the SIC code for Builders FirstSource, Inc.?

The Standard Industrial Classification (SIC) code for Builders FirstSource, Inc. is 5211, which corresponds to Retail - Lumber & Other Building Materials Dealers.

From the Filing

0000950170-24-091788.txt : 20240806 0000950170-24-091788.hdr.sgml : 20240806 20240806160852 ACCESSION NUMBER: 0000950170-24-091788 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 64 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240806 DATE AS OF CHANGE: 20240806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Builders FirstSource, Inc. CENTRAL INDEX KEY: 0001316835 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 522084569 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-40620 FILM NUMBER: 241179253 BUSINESS ADDRESS: STREET 1: 6031 CONNECTION DR., STE. 400 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: (214) 880-3500 MAIL ADDRESS: STREET 1: 6031 CONNECTION DR., STE. 400 CITY: IRVING STATE: TX ZIP: 75039 10-Q 1 bldr-20240630.htm 10-Q 10-Q Q2 0001316835 --12-31 false one year 0001316835 bldr:WindowsDoorsAndMillworkMember srt:RevisionOfPriorPeriodReclassificationAdjustmentMember 2023-04-01 2023-06-30 0001316835 us-gaap:CommonStockMember 2023-12-31 0001316835 bldr:FourPointTwoFivePercentageSeniorNotesDueTwoThousandThirtyTwoMember 2023-12-31 0001316835 2024-03-31 0001316835 us-gaap:FairValueInputsLevel2Member bldr:SixPointThreeSevenFivePercentageSeniorNotesDueTwoThousandThirtyTwoMember 2024-06-30 0001316835 bldr:SixPointThreeSevenFivePercentageSeniorNotesDueTwoThousandThirtyFourMember 2024-02-29 0001316835 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001316835 us-gaap:RetainedEarningsMember 2022-12-31 0001316835 bldr:FivePointZeroZeroPercentageSeniorNotesDueTwoThousandThirtyMember 2024-06-30 0001316835 bldr:WindowsDoorsAndMillworkMember 2024-04-01 2024-06-30 0001316835 bldr:SpecialtyBuildingProductsAndServicesMember srt:RevisionOfPriorPeriodReclassificationAdjustmentMember 2023-01-01 2023-06-30 0001316835 bldr:SixPointThreeSevenFivePercentageSeniorNotesDueTwoThousandThirtyFourMember 2023-12-31 0001316835 bldr:PerformanceMarketAndServiceConditionBasedRestrictedStockUnitGrantsMember bldr:TwoThousandFourteenIncentivePlanMember 2024-01-01 2024-06-30 0001316835 srt:MinimumMember bldr:PerformanceMarketAndServiceConditionBasedRestrictedStockUnitGrantsMember bldr:TwoThousandFourteenIncentivePlanMember 2024-01-01 2024-06-30 0001316835 2023-12-31 0001316835 bldr:TimeBasedRestrictedStockUnitGrantsMember srt:MinimumMember 2024-01-01 2024-06-30 0001316835 bldr:SpecialtyBuildingProductsAndServicesMember 2024-04-01 2024-06-30 0001316835 bldr:ManufacturedProductsMember srt:RevisionOfPriorPeriodReclassificationAdjustmentMember 2023-01-01 2023-06-30 0001316835 bldr:SpecialtyBuildingProductsAndServicesMember 2023-04-01 2023-06-30 0001316835 us-gaap:NoncompeteAgreementsMember 2024-06-30 0001316835 us-gaap:RetainedEarningsMember 2024-04-01 2024-06-30 0001316835 2023-03-31 0001316835 us-gaap:TradeNamesMember 2023-12-31 0001316835 2024-04-01 2024-06-30 0001316835 us-gaap:TradeNamesMember 2024-06-30 0001316835 bldr:TimeBasedRestrictedStockUnitGrantsMember 2024-01-01 2024-06-30 0001316835 bldr:SixPointThreeSevenFivePercentageSeniorNotesDueTwoThousandThirtyTwoMember 2024-06-30 0001316835 us-gaap:RetainedEarningsMember 2023-03-31 0001316835 bldr:SixPointThreeSevenFivePercentageSeniorNotesDueTwoThousandThirtyFourMember 2024-02-29 2024-02-29 0001316835 us-gaap:RetainedEarningsMember 2024-06-30 0001316835 2024-01-01 2024-03-31 0001316835 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001316835 bldr:QualityDoorHansonTrussRpmSchoenemanAndTrsmiMember 2024-06-30 0001316835 us-gaap:DevelopedTechnologyRightsMember 2024-06-30 0001316835 2023-06-30 0001316835 us-gaap:FairValueInputsLevel2Member bldr:FourPointTwoFivePercentageSeniorNotesDueTwoThousandThirtyTwoMember 2024-06-30 0001316835 bldr:SpecialtyBuildingProductsAndServicesMember srt:RevisionOfPriorPeriodReclassificationAdjustmentMember 2023-04-01 2023-06-30 0001316835 us-gaap:NoncompeteAgreementsMember 2023-12-31 000