Builders Firstsource Inc Stock Price, News & Analysis

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.

Builders FirstSource raised over $700,000 for The Leukemia & Lymphoma Society at its fifth annual corporate charity golf tournament held on June 15, 2022. This event marks the largest total raised in the tournament's history, with the company having supported LLS for 16 years, contributing over $6.5 million to date. In addition to the golf tournament, nearly 2,000 Builders FirstSource team members participated in Light The Night events, raising more than $1.2 million for LLS in 2021. The company also committed over $1 million to various non-profit organizations this year.

Builders FirstSource (NYSE: BLDR) has priced an offering of $700 million in 6.375% unsecured Senior Notes due 2032, increasing the offering by $100 million. The proceeds will be used to redeem outstanding 6.750% Senior Secured Notes due 2027, covering accrued interest and related costs. The redemption is subject to market conditions, and the Notes will not be registered under the Securities Act. Builders FirstSource, the largest U.S. supplier of building products, operates in 42 states, providing a range of construction materials.

Builders FirstSource (NYSE: BLDR) announced an offering of $600 million in unsecured Senior Notes due 2032. The funds will be used to redeem existing 6.750% Senior Secured Notes due 2027, covering accrued interest and related expenses. However, the completion of this transaction is subject to market conditions and is not guaranteed. The Notes will only be offered to qualified institutional buyers and non-U.S. persons, as they are not registered under the Securities Act.