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Builders FirstSource Inc (BLDR) delivers essential building materials and engineered components to professional contractors across residential and commercial construction sectors. This news hub provides investors and industry professionals with verified updates about corporate developments, financial performance, and strategic initiatives.
Access official press releases detailing quarterly earnings, manufacturing expansions, and product innovations, alongside analysis of market trends impacting the building materials sector. Our curated collection ensures transparent access to BLDR's operational milestones, from supply chain developments to sustainability initiatives.
Discover updates across key business areas including lumber pricing strategies, custom millwork solutions, and distribution network enhancements. Content is organized chronologically track the company's growth while maintaining context about its position in competitive construction markets.
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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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