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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 has announced the acquisition of California TrusFrame for $179.5 million, enhancing its value-added components business in California. Established in 1982, CTF is the largest independent producer of prefabricated building products in the state, with trailing twelve-month sales of approximately $143 million as of July 31, 2021. The acquisition will help Builders FirstSource expand its offerings and production capacity, serving the largest housing market in the U.S.
Builders FirstSource (Nasdaq: BLDR) has completed its acquisition of WTS Paradigm, LLC, enhancing its technological capabilities. Paradigm specializes in software solutions for the building products industry and will operate independently. This acquisition is expected to generate $1 billion in incremental sales over the next five years. The innovative Paradigm Omni™ technology will streamline processes for homebuilders, boosting efficiency and reducing costs. Builders FirstSource continues to focus on expanding its digital footprint and meeting market demands in the homebuilding sector.
Builders FirstSource (NYSE: BLDR) has authorized a share buyback program worth $1 billion to enhance shareholder value. CEO Dave Flitman emphasized the company's commitment to long-term growth, following the merger with BMC. As of August 11, 2021, Builders FirstSource holds approximately $417 million in cash, projecting $1.4 to $1.6 billion in free cash flow for 2021. The timing and amount of share repurchases will be determined based on business needs and market conditions, providing flexibility in capital allocation.
Builders FirstSource reported record net sales of $5.6 billion in Q2 2021, a 186.6% increase year-over-year, primarily due to the BMC merger and strong organic growth. Core organic sales rose 35%, driven by demand in single-family housing. Net income reached $497.2 million, equating to $2.39 per diluted share. Adjusted EBITDA increased 231.6% to $835.8 million, with a margin of 15%. The company anticipates a revenue growth of 41%-48% over 2020 and is raising its full-year guidance for adjusted EBITDA by 28%.
Builders FirstSource (NYSE: BLDR) will hold a conference call on August 5, 2021, at 8:00 a.m. CT to discuss its Q2 2021 financial results. CEO Dave Flitman and CFO Peter Jackson will lead the call. The company plans to release its financial results at 6:00 a.m. CT on the same day. Investors can join the call by dialing 866-269-4261 (U.S.) or 1-773-341-1661 (international) and using Conference ID: 3825770. A replay will be available until August 29, 2021. More details can be found on their website.
Builders FirstSource has priced an offering of $1 billion in unsecured 4.250% Senior Notes due 2032, increasing the offering by $200 million. The proceeds will be used primarily to repay outstanding debt under its senior secured ABL facility and cover transaction costs. The offering is subject to market conditions and is intended for qualified institutional buyers and non-U.S. persons only. Builders FirstSource is a leading supplier of building products and services in the U.S., operating in 40 states with approximately 550 locations.
Builders FirstSource, Inc. (NYSE: BLDR) has announced an offering of $800 million in unsecured Senior Notes due 2032. The net proceeds will primarily be used to repay part of the outstanding debt under its senior secured ABL facility, along with covering transaction fees. The offering's completion is subject to market conditions. The Notes will not be registered under the Securities Act, limiting their sale to qualified institutional buyers and non-U.S. persons. Builders FirstSource is the largest supplier of building products and services in the U.S.
Builders FirstSource (Nasdaq: BLDR) announced the sale of its Eastern U.S. Gypsum Distribution Operations to L&W Supply. This strategic divestiture includes 21 facilities generating approximately $160 million in sales in 2020, aligning with the company's focus on core business growth. The sales price remains undisclosed, with the transaction expected to close in Q3 2021. L&W Supply, which acquired ABC Supply in 2016, will maintain employment for most current staff and provide continued service for customers.
Builders FirstSource (Nasdaq: BLDR) is set to transfer its common stock listing from Nasdaq to the New York Stock Exchange (NYSE), effective July 19, 2021. The decision follows the merger with BMC, positioning Builders FirstSource as a premier supplier in the building materials sector. CEO Dave Flitman highlighted the NYSE as the preferred exchange for the industry, enhancing the company’s visibility and credibility. With around 550 locations across 40 states, Builders FirstSource remains the largest U.S. supplier of building products, continuing to trade under the ticker symbol 'BLDR.'
Builders FirstSource (Nasdaq: BLDR) announced the acquisition of WTS Paradigm for approximately $450 million, enhancing its digital solutions for the building products industry. Paradigm, generating an estimated $50 million in 2021 revenue, specializes in technology that improves efficiency in home construction. This acquisition aims to align with Builders FirstSource’s strategy to invest in innovative solutions, driving growth and customer satisfaction. The deal is expected to close in 2021, subject to standard approvals, with Paradigm operating as a subsidiary.
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