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. (NYSE: BLDR) is a U.S. supplier of building products, prefabricated components, and value-added services for professional residential construction and repair and remodeling. This news page aggregates company announcements, earnings releases, capital markets updates, and strategic transaction news related to BLDR.
Investors and industry followers can use this feed to review Builders FirstSource’s quarterly financial results, including discussions of net sales, gross profit, net income, Adjusted EBITDA, and free cash flow. Management commentary often addresses trends in single-family, multi-family, and repair-and-remodel activity within the company’s geographies, as well as the impact of commodity prices, core organic net sales, and acquisitions.
News items also cover corporate actions such as senior notes offerings, amendments to credit facilities, and share repurchase activity, along with updates on liquidity, leverage, and productivity savings from operational excellence and supply chain initiatives. Strategic developments, including acquisitions in areas like turnkey millwork solutions and the company’s dual listing on NYSE Texas, appear in this stream as well.
In addition, readers can find updates on leadership and organizational changes, such as appointments in technology and digital solutions that relate to the company’s focus on digital products and construction innovations. For anyone tracking the homebuilding supply chain, this page offers a centralized view of Builders FirstSource’s public disclosures and business developments over time.
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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.