Builders FirstSource — Jul 31, 2025 release

Our scale, operational rigor, and talented team give us confidence in our ability to deliver solid results and compound value into the future.”   Second Quarter 2025 Financial Performance Highlights 1   All Year-Over-Year Comparisons Unless Otherwise Noted: Net Sales • Net sales were $4.2 billion, a 5.0% decrease, driven by an 8.5% decline in core organic net sales and commodity deflation of 1.5%, partially offset by growth from acquisitions of 5.0%. • Core organic net sales declined 8.5%. Multi-Family declined 23.3% and Single-Family declined 9.1%, while Repair and Remodel (“R&R”)/Other increased 3.0%. On a weighted basis, Multi- and Single-Family lowered net sales by 2.6% and 6.5%, respectively, while R&R/Other raised sales by 0.6%.   Gross Profit • Gross profit was $1.3 billion, a decrease of 11.2%. Gross profit margin percentage decreased 210 basis points to 30.7%, primarily driven by Single- and Multi-Family margin normalization as well as a below-normal starts environment.   Selling, General and Administrative Expenses • SG&A was $987.8 million, an increase of $14.6 million, or 1.5%, primarily driven by additional expenses from operations acquired within the last twelve months and our ongoing enterprise resource planning system implementation, partially offset by lower variable compensation due to lower core organic sales. As a percentage of net sales, total SG&A increased by 150 basis points to 23.3%, primarily attributable to reduced operating leverage.   Net Interest Expense • Net interest expense increased $20.0 million to $72.0 million, primarily due to higher average debt balances.   Income Tax Expense • Income ta