Builders Firstsource

Q3 FY2026 EarningsQ3 FY26 results presented a mixed performance against consensus, with revenue of $3.85B beating the $3.75B estimate, while GAAP EPS of $0.56 outperformed the $0.37 mean. However, the company faced significant headwinds from a lower housing starts environment, leading to a 260 bps YoY contraction in gross margin to 27.8%, which was in-line with expectations. Cash flow generation weakened substantially, with free cash flow of $76.0M missing the $297.2M consensus floor due to higher working capital. Management narrowed FY26 guidance, maintaining the midpoints for sales and Adjusted EBITDA.