Builders FirstSource opened 2026 with another year-over-year sales decline as weak housing starts, commodity deflation and lower operating leverage pressured margins and earnings, though acquisitions and share repurchases provided some offset.
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It’s the second-largest purchase price we’ve ever seen in the market behind Home Depot’s $18 billion SRS deal and caps a remarkable 12-month span of aggressive growth for QXO.
It nets GMS three locations, including its first in the Colorado Springs market.
It's the second announced deal in as many weeks for Hillman, growing its presence in the U.S. Southeast.
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The company said the move is in direct response to customer and supplier feedback calling for a more unified enterprise structure.
Set to complete by mid-year, it represents a new product vertical for building materials-oriented SRS, netting it 42 locations across the Southeast U.S.
It was the fourth straight monthly decline for private nonresidential spending, which is now down 8% from its December 2023 all-time high.
It adds a U.S. Southeast foothold for Washington-based Trimlite.
The Home Depot acquired GMS this past September for $5.5 billion, and it now operates under HD’s SRS Distribution subsidiary.
Formerly known as the Vinyl Siding Institute, the group is expanding its membership to include distributors to foster “boots-on-the-ground” partnership with manufacturers and other industry stakeholders.
The move gives Decks & Docks its first location in the Upper Midwest.
ABC says the new alignment is designed to reinforce continuity while improving clarity for customers, vendors and partners amid a rapidly evolving building materials landscape.
The topline figure snapped three straight months of decline, though nonresidential spending saw a sharp decline.
Adding five facilities and 220 employees, the news came just two days after SRS announced a pair of deals in New York and Nebraska.
SRS Distribution gained roofing share in a historically weak market as Home Depot’s Pro business outperformed DIY in Q4. From HD’s earnings call, we extract executive details shared on pricing strategy, GMS integration and cross-selling momentum across the company’s expanding contractor-focused offering.
SRS' first two bolt-ons of the year net two locations and a combined 31 employees.
Economists had expected December's starts to be flat vs. November.
The company expects single- and multi-family starts to be flat across all geographies in 2026, with projected annual sales growth in line with that.
