As of March 31, 2025, Builders FirstSource had cash and cash equivalents of $115.4 million, down from $153.6 million at 2024-end. The company had liquidity of $1.1 billion at March-end, including $944 million in net borrowing available under the revolving credit facility. Long-term debt, net of current portion, discounts and issuance costs, was $4.5 billion, up from $3.7 billion at 2024-end. As of the first-quarter end, the net debt to trailing 12-month adjusted EBITDA ratio was 2.0x compared with 1.1x in the prior year. Net cash from operations was $132.3 million compared with $317.2 million a year ago. Free cash flow was $$45 million in the first quarter. BLDR repurchased 0.1 million shares of its common stock at an average price of $131.51 per share for $12.8 million. Additionally, in April 2025, the company repurchased 3.3 million shares at an average price of $118.27 per share, amounting to $390.9 million, including fees and taxes.