Builders FirstSource — Feb 18, 2025 release

  Productivity Savings From Operational Excellence • For the fourth quarter, the Company delivered approximately $13 million in productivity savings related to operational excellence and supply chain initiatives. In 2024, the Company delivered approximately $117 million in productivity savings. • The Company expects to deliver $70 million to $90 million in productivity savings in 2025.   2025 Total Company Outlook   4   For 2025, the Company expects to achieve the financial performance highlighted below. • Net Sales to be in a range of $16.5 billion to $17.5 billion. • Gross Profit margin to be in a range of 30% to 32%. • Adjusted EBITDA to be in a range of $1.9 billion to $2.3 billion. • Adjusted EBITDA margin to be in a range of 11.5% to 13.0%. • Free cash flow in the range of $600 million to $1.0 billion, assuming average commodity prices in the range of $380 to $430 per thousand board feet (mbf).   2025 Full-Year Assumptions The Company’s anticipated 2025 performance is based on several assumptions for the full year, including the following: • Within the Company’s geographies, Single-Family starts are projected to be flat (down low-single digits to up low-single digits), Multi-Family starts down mid-teens, and R&R is projected to be up low-single digits. • Acquisitions completed within the last twelve months are projected to add net sales growth of 4.0% to 4.5%. • Total capital expenditures in the range of $350 million to $450 million. • Interest expense in the range of $250 million to $2