Collin Verron

How are you guys thinking about the opportunity for incremental M&A in 2026, just with leverage ticking up with EBITDA coming down

Can you just talk about your expectations for multifamily sales in '26 a little bit more explicitly, just given the lag

Any color as to like what the annual cost savings from these actions are?

do you think that that's fully stabilized at this point so you'll track more in line with lag starts in 2026?

where you think we are in that trend and how much more downside there is to BLDR's revenue per start

any sense of just sort of what the magnitude is that you guys are dealing with from price -- from vendor price cuts?

Does the guide or the debt tariff impacts assume any tariff mitigation in it? Or is that just the cost number flowing through 100%?

can you just talk about how long you think this soft demand environment will really last here

Can you just put some numbers around what the useful life of the equipment is now -- and just given that useful life, do you see a replacement cycle in the next couple of years

Any way you can help quantify just the magnitude of what you don't expect to repeat this year?

how much more SG&A investment is there left to drive these initiatives? Or are those pretty much behind you

can you just provide any more color or put some numbers around how demand trended by month, and how things are tracking thus far in July?

can you just talk about what you're seeing and hearing maybe about second half price increase as term suppliers, and what's baked into your guidance currently?

I was just curious about your thoughts on why Texas is underperforming your other large markets

Can you just talk about the opportunity for private label in this macro backdrop