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.
Builders FirstSource (NYSE: BLDR) has released its inaugural Corporate Social Responsibility (CSR) report, detailing its initiatives for transparency and sustainability. Key highlights include:
- 18% reduction in recordable injuries in 2021.
- Over $2 million contributed to charitable initiatives.
- 90% of wood products sourced from sustainable vendors.
- Implementation of eco-friendly practices to reduce emissions.
The company aims to publish an updated CSR report annually, reinforcing its commitment to corporate governance and sustainability.
Builders FirstSource reported record first-quarter results for 2022, with net sales of $5.7 billion, up 36.1% year-over-year. Net income surged 270.6% to $639.6 million, with adjusted EBITDA rising 119.8% to $1.0 billion. The company's core organic sales grew by 15.0%, while acquisitions contributed 8.3% to net sales growth. Builders FirstSource also authorized a $2 billion share repurchase program. The strong results reflect robust demand in the residential housing market and effective cost management amid supply chain challenges.
Builders FirstSource (NYSE: BLDR) will host a conference call on May 10, 2022, at 8:00 a.m. CT to discuss its financial results.
The call will be led by President and CEO Dave Flitman and CFO Peter Jackson. A press release detailing the financial results will be available on the company's website before the market opens at 6:00 a.m. CT.
Investors can join the teleconference by dialing 866-342-8591 (U.S.) or 203-518-9713 (international). A replay will be available until May 17, 2022.
Builders FirstSource (NYSE: BLDR) announced the appointment of Amy Bass Messersmith as Chief People Officer, effective March 14, 2022. In this new role, she will be responsible for overseeing all human resources aspects, including best practices in organizational development and diversity. Her previous experience includes leadership positions at U.S. Anesthesia Partners, TDIndustries, and Pizza Hut. Builders FirstSource aims to strengthen its HR capabilities to enhance employee satisfaction and support its workforce of over 28,000 members.
Builders FirstSource reported robust financial results for Q4 2021, with net sales hitting $4.6 billion, a 23.7% increase from the previous year. The merger with BMC contributed significantly to growth, yielding a 216.2% rise in net income to $442.5 million. Adjusted EBITDA surged 110.0% to $793.4 million, reflecting strong demand in single-family housing and effective pricing strategies. The company repurchased approximately 16.5 million shares for around $1.2 billion, and anticipates continued strong performance in 2022, targeting 4-5% net sales growth from recent acquisitions.
Builders FirstSource (NYSE: BLDR) has authorized a new $1 billion stock repurchase program, following the completion of a $2 billion buyback initiated in 2021. The previous repurchase program saw 30.6 million shares repurchased at an average cost of $65.43 per share. CEO Dave Flitman emphasized that this new authorization reflects the company's financial strength and commitment to shareholder value. The timing and methods of the new buybacks will depend on market conditions and the company’s capital needs, with no obligations to purchase a specific amount.
Builders FirstSource (BLDR) will host a conference call on March 1, 2022, at 8:00 a.m. Central Time to discuss its financial results. This teleconference will be led by CEO Dave Flitman and CFO Peter Jackson. A press release with financial details will be available at 6:00 a.m. on the same day. Investors can access the call by dialing in before the start time, and a replay will be available post-call. Builders FirstSource is the largest U.S. supplier of building products, operating 580 locations across 42 states.
Builders FirstSource (NYSE: BLDR) announced a successful pricing of $300 million in 4.250% Senior Notes due 2032, adding to its prior issuance of $1 billion in the same series. The issue price is set at 100.500% of the principal. Proceeds will be used to repay part of its senior secured ABL facility debt and cover related expenses. Completion is subject to market conditions. The notes are offered only to qualified institutional buyers and non-U.S. persons as per regulations.
Builders FirstSource (NYSE: BLDR) announced the launch of a $300 million offering of 4.250% Senior Notes due 2032. This offering is part of the same series as the previously issued $1 billion notes. The proceeds will be used to repay part of its senior secured ABL facility and cover related fees. The offering is subject to market conditions, and the Notes will not be registered under the Securities Act, limiting their sale to qualified institutional buyers and non-U.S. persons.
Builders FirstSource has successfully raised over $1 million for The Leukemia & Lymphoma Society (LLS) in 2021, contributing to the fight against blood cancer. The company has a long-standing partnership with LLS, raising over $5.6 million over 15 years. Additionally, Builders FirstSource commits more than $1 million to various charitable organizations focusing on disaster relief and veteran support, including the American Red Cross and Tunnel to Towers Foundation. The company's commitment highlights its dedication to social responsibility and community support.
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