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 (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.
Bookmark this page for streamlined monitoring of Builders FirstSource's business trajectory. Combine factual reporting with industry context to inform your analysis of this leading building products supplier.
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.
Builders FirstSource (NYSE: BLDR) announced a $1 billion increase to its stock repurchase plan, bringing the total to approximately $1.5 billion. This decision reflects the Board's confidence in the company's growth strategy and its commitment to enhancing shareholder value. Since August 2021, Builders FirstSource repurchased about 61 million shares, equating to 29.5% of total outstanding shares, at an average price of $62.23 per share. The stock buyback will be executed based on market conditions and is aimed at supporting the company's capital deployment priorities.
Builders FirstSource reported strong Q3 2022 results, with net sales rising 4.6% to $5.8 billion and net income increasing 20.4% to $738 million. Earnings per diluted share surged 58.4% to $4.72, while Adjusted EBITDA reached a record $1.2 billion, up 20.1%. The company repurchased $658.2 million in shares, reflecting a strong balance sheet with $1.3 billion liquidity and a 0.7x net debt to LTM Adjusted EBITDA ratio. Builders FirstSource aims for a full-year revenue growth of 13% to 16%, expecting total sales between $22.5 billion and $23 billion.
Builders FirstSource (NYSE: BLDR) will hold a conference call on November 8, 2022, at 8:00 a.m. Central Time to discuss its financial results and business updates. The press release detailing these results will be available at 6:00 a.m. on the same day. Interested participants can join the call by dialing 800-267-6316 (U.S. and Canada) or 203-518-9708 (international), using Conference ID: BLDRQ322. A replay of the call will be accessible from 12:00 p.m. Central Time through November 15, 2022. Builders FirstSource is a leading supplier in the building products market operating in 42 states.
Builders FirstSource (NYSE: BLDR) was awarded 2022 Distributor of the Year by D.R. Horton, the largest U.S. homebuilder, during their recent trade show in Las Vegas. The honor recognizes BFS for its commitment to exceptional service, effective communication, and support to D.R. Horton across varied operational areas. Dave Flitman, BFS's President and CEO, highlighted the importance of strong customer relationships in achieving this accolade. BFS is the largest partner by spend for D.R. Horton in fiscal 2022, demonstrating significant collaboration and support amid challenging supply chain conditions.
Builders FirstSource (BLDR) has announced the acquisition of Trussway, a top provider of pre-fabricated roof and floor trusses with annual sales of approximately $340 million. This strategic move aims to enhance Builders FirstSource's value-added products, particularly in the multifamily sector, strengthening its market presence in key growth areas. The acquisition is expected to generate substantial free cash flow within the first 15 months. Builders FirstSource plans to finance the purchase using cash on hand and its asset-based lending.
Builders FirstSource reported impressive second-quarter results with net sales of $6.9 billion, a 24.2% increase from last year. Net income surged 98.5% to $987.2 million, or $5.75 per diluted share. Adjusted EBITDA reached a record $1.5 billion, up 80.3%. The company repurchased nearly $1 billion in common shares. Core organic sales grew 12.2%, with value-added products seeing a 32.0% rise. Builders FirstSource anticipates strong performance driven by ongoing acquisitions and robust demand in the housing market.
Builders FirstSource (NYSE: BLDR) will host a conference call on August 1, 2022, at 8:00 a.m. Central Time to discuss its financial results. The press release detailing these results will be available at 6:00 a.m. the same day. Interested participants can join the call by dialing 800-225-9448 (U.S.) or 203-518-9708 (international) with Conference ID: BLDRQ222. A replay will be accessible from August 1 at 12:00 p.m. until August 8. Builders FirstSource is a leading supplier of building products and services operating across 42 states, with a significant market presence.
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