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.
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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.