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Builders FirstSource, Inc. - BLDR STOCK NEWS

Welcome to our dedicated page for Builders FirstSource news (Ticker: BLDR), a resource for investors and traders seeking the latest updates and insights on Builders FirstSource stock.

Builders FirstSource, Inc. (symbol: BLDR) is the leading supplier and manufacturer of structural and related building products for new construction. In 2015, the company solidified its market leadership by acquiring ProBuild Holdings, LLC and its subsidiaries. Today, Builders FirstSource operates approximately 450 lumber and building product distribution, manufacturing, and assembly centers across 40 U.S. states, making it one of the largest diversified suppliers of lumber and building materials to professional builders, contractors, and homeowners.

Builders FirstSource offers a wide range of building materials, including dimensional and sheet lumber, drywall products, millwork, trusses, roofing and siding products, insulation materials, and hardware specialties. The company’s manufacturing capabilities extend to trusses (both roof and floor), wall panels, custom millwork, aluminum and vinyl windows, and pre-hung door fabrication. This extensive product portfolio ensures that Builders FirstSource can meet the diverse needs of its customers, ranging from large production builders to small custom homebuilders.

In addition to its product offerings, Builders FirstSource provides various construction-related services. These include professional installation, turnkey framing, and shell construction, which help their clients streamline their building processes. The company's ability to tailor its products for individual homes and ensure quality installation sets it apart in the industry.

Financially, Builders FirstSource is in a strong position to sustain a long-term, aggressive growth strategy. The acquisition of ProBuild has significantly expanded its market reach and operational capacity. The company's collective strength lies in its broad distribution network, advanced manufacturing capabilities, and strong customer relationships.

Recent achievements for Builders FirstSource include expanding its product lines, enhancing its digital platforms for better customer service, and forming strategic partnerships to further its market reach. These initiatives highlight the company's commitment to innovation and customer satisfaction.

For the latest updates and relevant information about Builders FirstSource, including stock performance, events, and developments, please refer to the latest news section.

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Builders FirstSource, Inc. (NYSE: BLDR) announced a $1 billion offering of 6.375% unsecured Senior Notes due 2034, with a $400 million increase from the initial size. The Company plans to use the proceeds to repay debt and for general corporate purposes.
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Builders FirstSource, Inc. (NYSE: BLDR) announced a $600 million offering of unsecured Senior Notes due 2034. The Company plans to use the proceeds to repay debt and for general corporate purposes. The offering is subject to market conditions. The Notes are not registered under the Securities Act of 1933 and may only be sold to qualified institutional buyers or non-U.S. persons outside the United States.
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Builders FirstSource, Inc. (NYSE: BLDR) authorizes a $1.0 billion share repurchase plan, reflecting confidence in the company's strategy and ability to generate strong free cash flow. In 2023, the company repurchased 17.8 million shares at an average price of $100.49 per share, reducing total shares outstanding by 12.2%. Since August 2021, Builders FirstSource has repurchased 87.1 million shares, totaling $6.1 billion. As of December 31, 2023, shares outstanding were 121.9 million.
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Builders FirstSource, Inc. (NYSE: BLDR) reported fourth-quarter net sales of $4.2 billion, a 4.7% decrease, with net income at $350.7 million. Adjusted EBITDA decreased by 1.6% to $685.5 million. Cash provided by operating activities for the year was $2.3 billion, with $1.8 billion in shares repurchased.
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Builders FirstSource, Inc. (NYSE: BLDR) will hold a conference call and webcast on February 22, 2024, to discuss financial results and business matters. The call will be hosted by CEO Dave Rush and CFO Peter Jackson. Participants can join the call by dialing 800-225-9448 (U.S. and Canada) or 203-518-9708 (international) with Conference ID: BLDRQ423. A replay will be available until February 29, 2024, and the webcast can be accessed on the investor relations website.
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Anchor Peabody represents Encore Building Products in its sale to Builders FirstSource (NYSE: BLDR). Encore, a leading distributor of building materials, was advised by Anchor Peabody, the most active investment bank in the industry. Builders FirstSource, the nation’s largest supplier of structural building products, acquired Encore, known for serving professional contractors and multi-family builders in northwestern Arkansas.
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Builders FirstSource, Inc. (NYSE: BLDR) is hosting its 2023 Investor Day in Atlanta to present the company’s long-term strategic vision, financial growth drivers, digital solutions, commercial and operational excellence, and innovation. The event aims to compound long-term shareholder value through customer partnerships and new digital innovations.
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Builders FirstSource, Inc. (NYSE: BLDR) reported a 21.3% decrease in net sales to $4.5 billion in Q3 2023, primarily due to a weaker housing market and commodity deflation. Net income decreased by 38.8% to $451.5 million, with earnings per diluted share at $3.59. Adjusted EBITDA decreased by 30.6% to $813.3 million, and the company repurchased 1.7 million shares in Q3 and $1.6 billion YTD.
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Builders FirstSource, Inc. will host a conference call on November 1, 2023, to discuss financial results and business matters.
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Builders FirstSource to host Investor Day and Truss Facility Tour on December 5, 2023
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FAQ

What is the current stock price of Builders FirstSource (BLDR)?

The current stock price of Builders FirstSource (BLDR) is $150.5 as of December 20, 2024.

What is the market cap of Builders FirstSource (BLDR)?

The market cap of Builders FirstSource (BLDR) is approximately 17.0B.

What does Builders FirstSource, Inc. do?

Builders FirstSource, Inc. is a leading supplier and manufacturer of structural and related building products for new construction.

Where does Builders FirstSource operate?

Builders FirstSource operates approximately 450 distribution, manufacturing, and assembly centers across 40 U.S. states.

What types of products does Builders FirstSource offer?

Builders FirstSource offers lumber, drywall products, millwork, trusses, roofing and siding products, insulation materials, hardware specialties, and more.

What services does Builders FirstSource provide?

Builders FirstSource provides professional installation, turnkey framing, and shell construction services.

Who are the customers of Builders FirstSource?

Builders FirstSource's customers range from large production builders to small custom homebuilders.

How did Builders FirstSource become the market leader?

Builders FirstSource became the market leader by acquiring ProBuild Holdings, LLC and its subsidiaries in 2015.

What are some recent achievements of Builders FirstSource?

Recent achievements include expanding product lines, enhancing digital platforms, and forming strategic partnerships.

What manufacturing capabilities does Builders FirstSource possess?

Builders FirstSource can manufacture trusses, wall panels, custom millwork, vinyl windows, and pre-hung doors.

What is the financial condition of Builders FirstSource?

Builders FirstSource is financially strong, with the ability to sustain a long-term, aggressive growth strategy.

How does Builders FirstSource ensure customer satisfaction?

Builders FirstSource ensures customer satisfaction by offering high-quality products and tailored construction-related services.

Builders FirstSource, Inc.

NYSE:BLDR

BLDR Rankings

BLDR Stock Data

16.96B
112.89M
1.9%
98.59%
1.98%
Building Products & Equipment
Retail-lumber & Other Building Materials Dealers
Link
United States of America
IRVING