Builders FirstSource lowers 2026 sales forecast on weak housing market

Builders Firstsource

30/04/2026 18:32

April 30 - Construction materials supplier Builders FirstSource BLDR.N lowered its 2026 revenue estimates amid a weak residential market, sending its shares down almost 6%.

The company, which supplies building materials and products for home construction, remains under pressure as housing demand has stayed subdued due to affordability constraints amid higher prices and interest rates.

The firm also authorized additional share repurchases worth $300 million, bringing the total, including its prior April 2025 authorization, to $500 million

It posted first-quarter adjusted earnings per share of 27 cents compared with analysts' estimate of 37 cents, as per data compiled by LSEG.

Net sales stood at $3.29 billion, down 10% from last year.

For 2026, the company expects its net sales to be in a range of $14.6 billion to $15.6 billion, compared to previous expectations of $14.8 billion to $15.8 billion.

 (Reporting by Jahanvi Kothari in Bengaluru; Editing by Vijay Kishore)

 ((jahanvi.kothari@thomsonreuters.com))