Builders FirstSource(US:BLDR)2024-11-05 17:54Q3 2024 Performance - Net sales decreased by 6.7% year-over-year to $4.2 billion[10] - Gross profit decreased by 12.3% year-over-year to $1.4 billion, with a gross margin of 32.8%[10] - Adjusted EBITDA decreased by 23.0% year-over-year to $627 million[10] - Adjusted diluted EPS decreased by 27.6% year-over-year to $3.07[10] Sales and Product Mix - Single-family core organic net sales decreased by 4.6%[12] - Multi-family sales decreased by 30.9%, while Repair & Remodel/Other increased by 0.8%[12] - Value-added product mix was 49% for Q3 2024[12] - Value-Added Core Organic Sales decreased 10% against the prior year[32] Capital Deployment and Share Repurchases - Total capital deployed in Q3 2024 was approximately $0.4 billion[10] - The company repurchased 6.8 million shares YTD at an average price of $171.37 per share for approximately $1.2 billion[12] - Since August 2021, the company has repurchased over 45% of total shares outstanding for a total cost of approximately $7.3 billion[12] 2024 Outlook - Total net sales are projected to be $16.25 to $16.55 billion[38] - Gross profit margin is expected to be 32.0% to 33.0%[38] - Total adjusted EBITDA is projected to be $2.25 to $2.35 billion[38] - Free cash flow is expected to be $1.2 to $1.4 billion[38]