Slide 1: Q1 2026 Earnings Presentation
Q1 2026 Earnings Presentation PETER JACKSON, CEO PETE BECKMANN, CFO April 30, 2026 Footnote
Slide 2: Safe Harbor & Non-GAAP Financial Measures
Safe Harbor & Non-GAAP Financial Measures Cautionary Notice Statements in this presentation and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about forecasted financial performance or other statements about anticipations
Slide 3: Clear Strategic Pillars Driving Long-Term Profitable Growth
Clear Strategic Pillars Driving Long-Ter m Profitable Growth Organic Growth with a Drive Continue to Disciplined Focus on Operational Build Our High- Capital Value-Added Excellence & Performing Allocation Products and Invest in Digital Culture Services and Innovation Footnote © C O P Y R I G H T B U
Slide 4: Q1 2026 Performance in Line with Guidance
Q1 2026 Perfor mance in Line with Guidance $3.3B $0.9B $214M $0.27 Net Gross Adjusted Adjusted Sales Profit EBITDA2 Diluted EPS2 10.1% 16.7% 42.1% 82.1% Decrease1 Decrease1 Decrease1 Decrease1 28.3% 6.5% 0.9% Gross Margin Adj. EBITDA Margin2 Adj. Net Income % of Sales2 Generated $43M in Free Cash Fl
Slide 5: Positioned to Outperform in All Market Scenarios
Positioned to Outperfor m in All Market Scenarios Optionality to Manage Across Environments BFS ADVANTAGES Weaker Economy Stronger Economy Right-size network and optimize capacity Accelerate digital and technology Differentiated Scale transformation Tighter controls on discretionary spending
Slide 6: Continued Execution of Our Strategy
Continued Execution of Our Strategy Delivered strong strategic share growth in a weak housing market ~48% value-added product mix in Q1 Delivered $6M in productivity savings in Q1 related to supply chain initiatives Progressing steadily on our comprehensive SAP implementation after the launc
Slide 7: Disciplined Capital Deployment Framework
Disciplined Capital Deployment Framework $360M Key Highlights $45M $12M $45M allocated to sustaining the business, as well as ROI generating growth investments in value-added capacity and Digital $12M deployed on one acquisition to $303M expand our footprint into high-growth geographies and enhance
Slide 8: Increasing Value-Added Mix and Expanding to Desirable Geographies Through M&A
Increasing Value-Added Mix and Expanding to Desirable Geographies Through M&A Acquisition Date Benefits Net Sales Q1 2026 Establishes truss and wall panel operations in New York ~300 bps Growth in Value- Added Product Mix Q4 2025 Leading supplier of lumber serving Central Texas Value-Added Value
Slide 9: Leading the Industry's Digital Transformation
Leading the Industr y’s Digital Transfor mation – Empowering Builders With Digital Capabilities Digital Amplifies Our Core and Streamlines the Homebuilding Industry for All Stakeholders Core to How We Operate Amplifies Organic Growth Evolves the Digital Ecosystem Build consumer-grade solutions to Di
Slide 10: Q1 2026 Financial Update
Q1 2026 Financial Update Net Sales Mix by Product Category Net Sales Mix by End Market Value-Added Product Mix: ~48% Repair & Remodel / Other 20% 26% 22% Manufactured Products $3.3B Windows, Doors & Millwork Multi-Family 11% $3.3B Specialty Building Products & Services 26% 26% 69% Single-Family Lumb
Slide 11: Q1 2026 Financial Update
Q1 2026 Financial Update Core Organic Sales1 Core Organic Sales1 Highlights by End Market Highlights by Product Single Family (SF): -11% Value-Added Core Organic Sales1 decreased 11% attributable to lower starts activity – Manufactured Products decreased 13%, primarily due and value per start to
Slide 12: Q1 2026 Financial Update
Q1 2026 Financial Update Net Sales ($M) Bridge $3,657 -$250 -$120 -8.3% Core Organic1 $3,287 +1.5% Acquisitions -3.3% Deflation Q1 2025 Non-Commodity2 Commodity Q1 2026 Adjusted EBITDA3 ($M) Bridge $369 -$136 -$19 $214 Q1 2025 Non-Commodity2 Commodity Q1 2026 Note: Bridge values may not sum to total
Slide 13: Strong Balance Sheet and Liquidity Provide Financial Flexibility
Strong Balance Sheet and Liquidity Provide Financial Flexibility Consistent Capital Allocation Priorities Low Net Leverage1 Profile 1 Maintain a Strong Balance Sheet 2 Organic Growth 3.2x 2.7x 1.9x 3 Inorganic Growth 1.3x 1.5x 1.0x 1.1x 0.7x 4 Return Capital to Shareholders 2019PF 2020PF 2021 2022 2
Slide 14: 2026 Outlook
2026 Outlook 2026 Full Year Outlook Metrics Current Guidance Prior Guidance 2025 Actual Total Net Sales1 $14.6 to $15.6 billion $14.8 to $15.8 billion $15.2 billion Gross Profit Margin1 27.5% to 29% 28.5% to 30% 30.4% Total Adjusted EBITDA1,4 $1.1 to $1.5 billion $1.3 to $1.7 billion $1.6 billion To
Slide 15: 2026 Full Year Assumptions
2026 Full Year Assumptions 2026 Full Year Assumptions Metrics Current Assumptions Prior Assumptions Single-Family Starts Growth (BLDR geographies) Down Low-Single Digits Flat Multi-Family Starts Growth (BLDR geographies)1 Down Low-Single Digits Flat Repair & Remodel Growth (BLDR geographies) Down 1%
Slide 16: Appendix
Appendix Footnote © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D .
Slide 17: Historical Trend Comparison
Historical Trend Comparison 10-Year Single Family Starts Trend thousands 1,200 1,127 1,100 991 1,005 1,013 1,000 948 940 876 888 916 900 849 800 700 1 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Aggregated2 Pro Forma3 Actuals Outlook1 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E1 Net Sa
Slide 18: Overview of Base Business Framework
Over view of Base Business Framework ~63% of BFS’s Base Business1 Underlying Base Business Assumptions is Non-Commodity Windows, Doors & Millwork Lumber & Lumber Sheet Goods Assumes $400/mbf lumber and lumber sheet goods Manufactured Products Specialized Products & Other pricing (in line with long
Slide 19: Base Business Performance Aligned with Long-Term Plan
Base Business Perfor mance Aligned with Long-Ter m Plan Sales ($B) Adjusted EBITDA2 ($B) $22.7 $4.4 $19.9 ~4% ~5% $5.0 $4.2 $17.1 $16.4 $3.1 $2.1 $15.2 $15.1 $2.9 $12.8 $0.6 $0.0 $2.3 $10.9 $0.0 $1.3 $0.6 $0.3 $0.0 $1.6 $17.7 $16.5 $16.4 $1.1 $1.3 $15.7 $15.5 $15.1 $0.8 $2.3 $2.3 $2.3 $11.5 $12.5 $0
Slide 20: Summary Financial Information & Reconciliations
Summar y Financial Infor mation & Reconciliations Footnote © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 20 20
Slide 21: Summary Financial Information & Reconciliations
Summar y Financial Infor mation & Reconciliations Footnote © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 21 21
Slide 22: Summary Financial Information & Reconciliations
Summar y Financial Infor mation & Reconciliations Footnote © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 22 22
Slide 23: Summary Financial Information & Reconciliations
Summar y Financial Infor mation & Reconciliations Footnote © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 23 23
Slide 24: Summary Financial Information & Reconciliations
Summar y Financial Infor mation & Reconciliations Footnote © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 24 24
Slide 25: Summary Financial Information & Reconciliations
Summar y Financial Infor mation & Reconciliations Footnote © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 25 25
Slide 26: Summary Financial Information & Reconciliations
Summar y Financial Infor mation & Reconciliations Footnote © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 26 26
Slide 27: Summary Financial Information & Reconciliations
Summar y Financial Infor mation & Reconciliations Footnote © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 27 27
Slide 28: Summary Financial Information & Reconciliations
Summar y Financial Infor mation & Reconciliations Footnote © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 28 28