Acquisitions and Investments - The company completed six acquisitions for a total purchase price of $639.0 million, expanding its market footprint and operations in value-add product categories and the multi-family customer segment [96]. - The company plans to focus on strategic acquisitions to increase market share and improve working capital management [104]. - The company invested a net $817.3 million in acquisitions and property, plant, and equipment for the nine months ended September 30, 2022, which is $153.1 million less than the prior year, mainly due to $278.6 million less cash outflows for acquisitions [132]. - The company reported a significant reduction in cash outflows for acquisitions, indicating a strategic shift in investment focus [132]. Financial Performance - Net sales for Q3 2022 increased by 4.6% year-over-year, driven by core organic sales growth of 6.9% and acquisitions contributing 5.2%, offset by commodity price deflation of 7.5% [103]. - Net sales for the three months ended September 30, 2022, were $5.8 billion, a 4.6% increase from $5.5 billion in the same period of 2021 [109]. - For the nine months ended September 30, 2022, net sales were $18.4 billion, a 20.4% increase from $15.3 billion in the same period of 2021 [116]. - Net income for the three months ended September 30, 2022, was 12.8% of net sales, compared to 11.1% in the same period of 2021 [108]. Margins and Expenses - Gross margin percentage in Q3 2022 increased by 3.9% compared to Q3 2021, attributed to organic growth in value-added product categories and disciplined pricing strategies [103]. - Gross margin increased to 35.0% in Q3 2022 from 31.1% in Q3 2021, reflecting a 3.9% increase attributed to core organic growth and acquisitions [111]. - Gross margin for the nine months ended September 30, 2022, increased to 34.1% from 28.6% in the same period of 2021, a 5.5% increase [119]. - Selling, general and administrative expenses as a percentage of net sales were 17.4% in Q3 2022, up from 15.9% in Q3 2021, primarily due to additional operating expenses from recent acquisitions and higher wages [103]. - Selling, general and administrative expenses rose by $125.2 million, or 14.3%, to 17.4% of net sales in Q3 2022, up from 15.9% in Q3 2021 [112]. Market Conditions - Actual U.S. total housing starts were 0.4 million in Q3 2022, a decrease of 7.4% compared to Q3 2021, with single-family starts down 18.2% [102]. - The company forecasts 1.6 million total U.S. housing starts for 2022, a decrease of 2.4% from 2021, and 1.0 million single-family starts, down 9.7% from 2021 [102]. - The Home Improvement Research Institute projects a 10.2% increase in sales in the professional repair and remodel market for 2022 compared to 2021 [102]. Liquidity and Financing - As of September 30, 2022, the company had $1.3 billion in liquidity, consisting of net borrowing availability and cash on hand [128]. - The company authorized a new share repurchase program of $2.0 billion, replacing a previous $1.0 billion authorization [97]. - Cash used in financing activities was $1.8 billion for the nine months ended September 30, 2022, including $2.0 billion in common stock repurchases and $612.5 million for the redemption of 2027 notes [134]. - Interest expense for the nine months ended September 30, 2022, was $156.1 million, an increase of $60.5 million from the same period in 2021 [122]. - A 1.0% increase in interest rates on the 2026 revolving credit facility would result in approximately $4.5 million in additional interest expense annually based on $450.0 million in outstanding borrowings as of September 30, 2022 [138]. Operational Challenges - Short-term fluctuations in material costs, including lumber products, can adversely impact operating results if price increases cannot be passed on to customers [139]. - The company may need to raise additional funds through capital stock or debt sales if industry conditions deteriorate or if additional acquisitions are pursued [130]. - The company has no assurance that liquidity improvement strategies, such as idling facilities or adjusting headcount, will be successful [130]. - The increase in cash provided by operating activities was offset by an increase in cash used to fund net working capital in the first nine months of 2022 [131]. - Cash provided by operating activities increased to $2.6 billion for the nine months ended September 30, 2022, compared to $903.2 million for the same period of 2021, primarily due to higher net income [131].

| --- | --- | --- | --- | |---------------------------------------------------|--------------------|-------|-------| | | | | | | | | | | | | | | | | August 1, 2022 | | | | | Q2 2022 Earnings DAVE FLITMAN, President & CEO • | PETER JACKSON, CFO | | | | Presentation | | | | Safe Harbor & Non-GAAP Financial Measures Cautionary Notice Statements in this presentation and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about expected ma ...

Builders FirstSource, Inc. (NYSE:BLDR) Q2 2022 Results Conference Call August 1, 2022 9:00 AM ET Company Participants Michael Neese - SVP, IR Dave Flitman - CEO, President & Director Peter Jackson - EVP & CFO Conference Call Participants Matthew Bouley - Barclays Reuben Garner - Benchmark Company Trey Grooms - Stephens Mike Dahl - RBC Capital Markets Ketan Mamtora - BMO Capital Markets David Manthey - Baird Stanley Elliott - Stifel Adam Baumgarten - Zelman Collin Verron - Jefferies Jay McCanless - Wedbush A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40620 | --- | --- | --- | |--------------------------------------------------------------------------------------------------------|-------- ...

Builders FirstSource, Inc. (NYSE:BLDR) Q1 2022 Earnings Conference Call May 10, 2022 9:00 AM ET Company Participants Michael Neese - SVP, IR David Flitman - CEO, President & Director Peter Jackson - EVP & CFO Conference Call Participants Michael Dahl - RBC Capital Markets Jay McCanless - Wedbush Securities Matthew Bouley - Barclays Bank Keith Hughes - Truist Securities Reuben Garner - The Benchmark Company David Manthey - Robert W. Baird & Co. Ryan Gilbert - BTIG Adam Baumgarten - Zelman & Associates Noah M ...

| --- | --- | --- | |------------------------------------------------------|-------|-------| | | | | | | | | | | | | | Q1 2022 Earnings Presentation May 10, 2022 | | | | DAVE FLITMAN, President & CEO • PETER JACKSON, CFO | | | | | | | Safe Harbor & Non-GAAP Financial Measures Cautionary Notice Statements in this presentation and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about expected market share gains, forecasted financial ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |------------------------------------------------------------------------------------------------------------|---------------------------------|-- ...

Builders FirstSource, Inc. (NYSE:BLDR) Q4 2021 Earnings Conference Call March 1, 2022 9:00 AM ET Company Participants Michael Neese - SVP, IR Dave Flitman - CEO Peter Jackson - CFO Conference Call Participants Matthew Bouley - Barclays Ketan Mamtora - BMO Capital Markets Adam Baumgarten - Zelman Trey Grooms - Stephens Inc. Steven Ramsey - Thompson Research Group David Manthey - Baird Collin Verron - Jefferies Keith Hughes - Truist Kurt Yinger - D.A. Davidson Stanley Elliott - Stifel Reuben Garner - The Benc ...

| --- | --- | --- | |--------------------------------------------------------------------------------------|-------|-------| | | | | | | | | | Dave Flitman, CEO \| Peter Jackson, CFO Q4 2021 Earnings Presentation March 1, 2022 | | | | BLDR.com | | | Safe Harbor & Non-GAAP Financial Measures Cautionary Notice • Statements in this presentation and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about expected market share gains, for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |---------------------------------------------------------------------|---------------------------------------------------------------------|-------------------------------------------| ...