Builders FirstSource cuts annual sales forecast on weak residential market

• Builders FirstSource posted second-quarter adjusted earnings per share of $1.17, compared with analysts' estimate of $1.27, according to data compiled by LSEG.
• Net sales fell 8.8% from a year earlier to $3.9 billion due to a weaker housing starts environment and related headwinds.
• For 2026, the company lowered its net sales forecast to between $14 billion and $14.8 billion, compared with previous expectations of $14.6 billion to $15.6 billion, reflecting the impact of pricing, commodity costs and margin pressures.
• The company expects $50 million to $70 million in productivity savings in 2026.

July 30 - Construction materials supplier Builders FirstSource <BLDR.N> lowered its 2026 revenue estimates amid a weak residential market, sending its shares down almost 4% in premarket trading.

The supplier of home-building products and materials has been grappling with high home prices and elevated interest rates, which keep housing affordability stretched and dampen demand.