Filing Flows › Builders FirstSource (BLDR) › Q1 2025
Builders FirstSource (BLDR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Builders FirstSource (BLDR) reported revenue of $3.7B for the first quarter 2025 (Q1 2025), -6% from a year earlier and -4% from the quarter before. Operating margin was 5.0%, net earnings $96.3M (2.6% of revenue).
Builders FirstSource, Q1 2025: revenue $3.7B (-6% year over year), operating margin 5.0%, net earnings $96.3M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | -4% | -6% |
| Gross profit | $1.1B | -10% | -14% |
| Operating profit | $184M | -39% | -51% |
| Net earnings | $96.3M | -49% | -63% |
| Operating cash flow | $132M | -65% | -58% |
| Free cash flow | $32.4M | -88% | -86% |
What changed
Revenue was $3.7B in Q1 2025, down 6% year over year and down 4% from the previous quarter. Lumber and Lumber Sheet Goods was the largest line at 27% of revenue. Manufactured Products lost $0.13B year over year (down 14%), 57% of the total change.
Gross margin was 30.5%, down 2.9 points from a year earlier. Operating profit was $0.18B, a 5.0% margin (down 4.6 points year over year). Operating expenses grew 0% against a revenue fall of 6%. Net earnings were $0.10B, down 63% year over year. The effective tax rate was 19.4%.
Operating cash flow was $0.13B (down 58% year over year), 137% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.10B left free cash flow of $0.03B.
Questions
What was Builders FirstSource's revenue in the first quarter 2025?
Builders FirstSource (BLDR) reported revenue of $3.7B for the first quarter 2025 (Q1 2025), -6% from a year earlier and -4% from the quarter before.
Was Builders FirstSource profitable in the first quarter 2025?
Operating profit was $184M (5.0% of revenue) and net earnings $96.3M.