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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.
Builders FirstSource (NYSE: BLDR) announced a conference call scheduled for May 3, 2023, at 8:00 a.m. Central Time to discuss its financial results and other business matters. The call will be hosted by CEO Dave Rush and CFO Peter Jackson. Participants can join by calling 800-225-9448 (U.S. and Canada) or 203-518-9708 (international), using Conference ID: BLDRQ123. A replay of the call will be available starting from 12:00 p.m. Central Time on the same day until May 10, 2023. Builders FirstSource is the largest U.S. supplier of building products, operating over 500 locations across 42 states.
Builders FirstSource reported a challenging fourth quarter of 2022 with net sales of $4.4 billion, down 6.0%, and net income of $384.5 million, a decrease of 13.1%. Despite declining sales, earnings per diluted share rose 13.4% to $2.62, driven by share repurchases resulting in adjusted net income decrease of 11.6%. Adjusted EBITDA fell 12.2% to $0.7 billion, reflecting higher operating expenses and sales decline. Strong liquidity of $1.5 billion and continued share buybacks demonstrate financial resilience. For Q1 2023, the company anticipates net sales between $3.4 billion and $3.7 billion amid continued housing market challenges.
Builders FirstSource (NYSE: BLDR) will host a conference call on February 28, 2023, at 8:00 a.m. CST to discuss its financial results and business matters. The call will be led by CEO Dave Rush and CFO Peter Jackson. Interested participants can join by calling 800-274-8461 (U.S. and Canada) or 203-518-9856 (international), using Conference ID: BLDRQ422. A replay of the call will be accessible from 12:00 p.m. CST on the same day until March 7, 2023. In addition, an online archive of the webcast will be available on Builders FirstSource’s website for about 90 days. The company is a leading supplier of building products across 42 states.
Builders FirstSource (NYSE: BLDR) has appointed Dave Rush as Chief Executive Officer, effective immediately. Rush has served as Interim CEO since November 18, 2022, and has extensive experience within the company, boasting a 23-year tenure. Board Chair Paul Levy expressed confidence in Rush’s leadership, citing his operational excellence and strategic vision. Rush aims to drive long-term profitable growth in a challenging market landscape. Builders FirstSource is the largest U.S. supplier of building products, operating over 500 locations across 42 states.
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