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 supplies building products, prefabricated components, and value-added services for professional new residential construction and repair and remodeling markets. Its updates focus on manufacturing, supply, delivery, and installation of structural and related products, including roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork, pre-hung doors, dimensional lumber, millwork, doors, windows, and specialty building products.
Recurring BLDR news includes quarterly results, housing-start demand conditions, commodity-price effects, gross margin and adjusted EBITDA trends, acquisition contributions, technology and operating-efficiency initiatives, share repurchase authorizations, and executive or governance appointments tied to legal, risk management, compliance, and corporate secretary functions.
Builders FirstSource (BLDR) reported a 2.2% increase in net sales at $1.9 billion for Q2 2020, despite a 2.1% decline in core organic sales. Acquisitions boosted sales by 2.5%, while commodity inflation contributed 1.8%.
Adjusted EBITDA reached a record $162 million, up 11.2%. Net income rose to $78.9 million or $0.67 per share, marking a significant improvement.
The company enhanced its balance sheet with a net debt-to-EBITDA ratio of 2.3x and liquidity of $1.2 billion.
Builders FirstSource, Inc. (Nasdaq: BLDR) will host a conference call and webcast on July 31 to discuss its financial results. The call begins at 9:00 a.m. Central Time, featuring CEO Chad Crow and CFO Peter Jackson. The press release with financial results will be available post-market closure on July 30. Investors can join by calling 800-458-4121 (U.S.) or 323-794-2093 (international) before the start time. A replay will be accessible until August 15. Builders FirstSource is the largest U.S. supplier of building products, operating approximately 400 locations across 40 states.
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