Builders FirstSource Inc. Adjusts 2025 Revenue Forecast
Builders FirstSource Inc. has announced a reduction in its 2025 revenue forecast due to decreased housing demand. The company’s first-quarter profit and sales declined, primarily attributed to low housing construction and affordability issues.
Key Factors Contributing to Decline
- Persistently low housing construction
- Affordability issues
- Elevated mortgage rates
- Macroeconomic uncertainty
Company Response
Builders FirstSource has approved a $500 million share buyback plan to stabilize its financial performance.
First-Quarter Performance
- Q1 revenue fell 6% year-over-year
- Q1 profit decreased, but still exceeded estimates
Note: The company’s adjusted revenue forecast for 2025 will be disclosed in a separate announcement.