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BMC Stock Holdings, Inc. (Nasdaq: BMCH) has executed a definitive purchase agreement to acquire TW Perry, an established building materials supplier in Northern Virginia, Maryland, and D.C. This acquisition aims to bolster BMC’s portfolio, particularly in the fast-growing remodeling sector, leveraging TW Perry's diverse customer base and value-added products. TW Perry reported nearly $200 million in net sales for the year ending September 30, 2020. The transaction is pending usual closing conditions and is anticipated to finalize in December 2020.
BMC Stock Holdings reported impressive third-quarter results for 2020, with net sales growing by 13.1% to $1.09 billion, marking the first time sales exceeded $1 billion in company history. Net income increased 33.6% to $44.9 million, and Adjusted EBITDA rose 32.9% to $99.2 million, setting records for both metrics. Notably, liquidity stood at approximately $648.5 million with no debt maturities until 2024. The anticipated merger with Builders FirstSource is on schedule, expected to close late 2020 or early 2021, aiming to significantly enhance shareholder value.
BMC Stock Holdings announced the release of its 2020 Q3 results on November 3, 2020, at 7:00 a.m. Eastern Time. A pre-recorded earnings call will follow at 7:30 a.m., accessible by phone. The call can be replayed later that day, with a telephonic replay available for one week. BMC, a leader in building materials with $3.6 billion in 2019 net sales, serves 45 metropolitan areas across 18 states, focusing on new construction and remodeling. For more details, visit their website at buildwithbmc.com.
BMC Stock Holdings reported strong second-quarter results for 2020, with net sales up 3.5% to $979.9 million and net income increasing 22.2% to $43.6 million. Adjusted EBITDA reached a record $90.3 million, reflecting a 23.2% year-over-year growth. The company improved its adjusted EBITDA margin to 9.2%. Operating cash flow significantly increased to $136.1 million, bolstering liquidity over $600 million. Despite challenges from COVID-19, BMC anticipates continued growth with a projected 5-10% sales increase in Q3. The company remains focused on safety and productivity while navigating the pandemic.
BMC Stock Holdings (BMCH) has been named a National Preferred Partner by David Weekley Homes, the largest privately-held home builder in the U.S. This recognition is awarded to partners who demonstrate world-class quality and customer service. BMC's commitment to innovation and operational excellence has contributed to this honor. In 2019, BMC generated $3.6 billion in net sales, serving 45 metropolitan areas across 18 states. The partnership aims to bring innovative solutions to the building market, ensuring projects are completed better, faster, safer, and greener.
BMC Stock Holdings (Nasdaq: BMCH) will announce its 2020 second quarter results on August 4, 2020, at 7:00 a.m. (Eastern time). A conference call for discussion will follow at 8:30 a.m. (Eastern time), accessible by dialing 1-877-407-0784 domestically or 201-689-8560 internationally. A replay will be available three hours post-call until August 11, 2020. Investors can also listen to the live call on the Company’s Investor Relations website.
BMC is a leading provider of building materials and solutions, with $3.6 billion in 2019 net sales and operations across 45 metropolitan areas in the U.S.
BMC Stock Holdings (Nasdaq: BMCH) announced its participation in Baird's 2020 Virtual Global Consumer, Technology & Services Conference on June 2, 2020. The company also revised its second quarter net sales outlook to flat to down 5% compared to Q2 2019, an improvement from previous expectations of a decline of 7% to 15%. CEO Dave Flitman attributes this optimism to strong backlog and execution of growth strategies, positioning BMC well for future growth following the economic recovery.
