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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Mike Dahl | RBC Capital Markets | 12 | 17% |
| Charles Perron-Piché | Goldman Sachs | 12 | 8% |
| John Lovallo | UBS | 12 | 17% |
| Trey Grooms | Stephens | 10 | 0% |
| Dave Manthey | Robert W. Baird | 10 | 10% |
| Matt Bouley | Barclays | 10 | 20% |
| Philip Ng | Jefferies | 10 | 0% |
| Rafe Jadrosich | Bank of America | 10 | 10% |
| Keith Hughes | Truist Securities | 7 | 0% |
| Ketan Mamtora | BMO Capital Markets | 7 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Barclays | 2 | 12 | 17% |
| Goldman Sachs | 1 | 12 | 8% |
| UBS | 1 | 12 | 17% |
| RBC Capital Markets | 1 |
| 12 |
| 17% |
| Stephens | 2 | 12 | 0% |
| Bank of America | 1 | 10 | 10% |
| Jefferies | 1 | 10 | 0% |
| Robert W. Baird | 1 | 10 | 10% |
Builders FirstSource Q1 FY2026 saw revenue decline 10% to $3.3 billion as the Middle East conflict undermined what had been a promising spring selling season, pushing mortgage rates higher and sapping private builder confidence. Gross margin compressed 220 basis points to 28.3% with specialty product margins surprising to the downside, while adjusted EPS plunged 82% to $0.27. Management significantly lowered FY2026 guidance, cutting the EBITDA midpoint by 13% to $1.3 billion on weaker starts assumptions (down 2.5% vs prior flat) and flagging roughly $100 million in fuel cost headwinds only partially offset by pass-through pricing. Despite the challenging backdrop, the company leaned into strategic share gains through product bundling and opportunistically repurchased $303 million in shares at depressed valuations, while the $100 million cost action program remained on track with $13 million realized in Q1.
Demand | Margin | Pricing | Competitive Dynamics | Revenue Growth | Cost Pressure | Innovation & R&D | Capital Allocation | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 8 | 6 | 8 | 5 | 6 | 1 | 2 | |
| 2025Q1 | 9 | 6 | 8 | 5 | 7 | 2 | 2 | 2 |
| 2025Q2 | 8 | 6 | 6 | 6 | 1 | 3 | 3 | 1 |
| 2025Q3 | 8 | 8 | 4 | 6 | 4 | 5 | 3 | |
| 2025Q4 | 6 | 3 | 2 | 3 | 3 | 4 | 4 | |
| 2026Q1 | 5 | 11 | 4 | 6 | 3 | 4 | 1 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 8 | 9 | 8 | 8 | 6 | 5 |
| Margin | 6 | 6 | 6 | 8 | 3 | 11 |
| Pricing | 8 | 8 | 6 | 4 | 2 | 4 |
| Competitive Dynamics | 5 | 5 | 6 | 6 | 3 | 6 |
| Revenue Growth | 6 | 7 | 1 | 4 | 3 | |
| Cost Pressure | 2 | 3 | 5 | 3 | 4 | |
| Innovation & R&D | 1 | 2 | 3 | 3 | 4 | 1 |
| Capital Allocation | 2 | 2 | 1 | 4 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
BLDR Builders FirstSource | 1 | -10.1% | |
| CARR Carrier Global | 4 | +2.4% | |
| JCI Johnson Controls | 9 | +8.2% | |
| LII Lennox International | 6 | +5.8% | |
| MAS Masco | 6 | +6.5% | |
| TT Trane Technologies | 7 | +6.0% |