April 30 - Construction materials supplier Builders FirstSource BLDR.N lowered its 2026 revenue estimates amid a weak residential market, sending its shares down almost 6%.

The company, which supplies building materials and products for home construction, remains under pressure as housing demand has stayed subdued due to affordability constraints amid higher prices and interest rates.

• The firm also authorized additional share repurchases worth $300 million, bringing the total, including its prior April 2025 authorization, to $500 million

• It posted first-quarter adjusted earnings per share of 27 cents compared with analysts' estimate of 37 cents, as per data compiled by LSEG.

• Net sales stood at $3.29 billion, down 10% from last year.

• For 2026, the company expects its net sales to be in a range of $14.6 billion to $15.6 billion, compared to previous expectations of $14.8 billion to $15.8 billion.