Builders FirstSource is reeling from significant financial losses, including a 20.4% year-over-year drop in net sales in the multi-family segment and a 15.4% decline in the single-family segment. The company's revenue fell to $3.4 billion with a gross profit decrease of 18.8%, while its adjusted EPS of $1.12 was below the anticipated $1.28. As CEO Steve Herron announces his retirement at the end of 2026, Mike Hiller has been appointed as the new chief operating officer, navigating the firm through a challenging market as reflected in its Zacks Rank of #5 (Strong Sell).
“BLDR · last price · Last · 66.39”
“BLDR · change percentage · Chg. % · -5.40%”
“Builders Firstsource · is down · more than · -4%”
“Builders FirstSource · said · Steve Herron will retire · at the end of 2026 as part of a planned leadership transition”
“Builders FirstSource · appointed · Mike Hiller · chief operating officer-designate to succeed Herron”
“Builders FirstSource · is the leading provider of · building materials · for professional builders”
“Builders FirstSource · serves · 48 of the top 50 and 94 of the top 100 Core Based Statistical Areas”
“Builders FirstSource · has locations in · 43 states · approximately 570”
“Builders FirstSource · has been one of the most searched-for stocks · Zacks.com · lately”
“shares of Builders FirstSource · have returned · the last month · -20.4%”
“Builders FirstSource · is expected to post earnings · the current quarter · $1.32 per share”
“Builders FirstSource · is rated · Zacks Rank · #5 (Strong Sell)”