Builders FirstSource reports Q2 loss and cuts 2026 outlook amid housing weakness

Builders FirstSource reported July 30 that second-quarter 2026 net sales fell 8.8% year over year to $3.86 billion, while GAAP net income declined to a $3.9 million loss, or $0.04 per diluted share, and adjusted EBITDA fell 34.9% to $329.3 million. The company cited weaker housing starts and commodity deflation, and updated its 2026 outlook to $14.0 billion-$14.8 billion in sales, $1.0 billion-$1.2 billion in adjusted EBITDA and $400 million-$500 million in free cash flow; net debt was $4.6 billion, or 3.6 times trailing adjusted EBITDA, as of June 30.