Builders Firstsource Inc Stock Price, News & Analysis

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.

Builders FirstSource (NYSE: BLDR) has released its inaugural Corporate Social Responsibility (CSR) report, detailing its initiatives for transparency and sustainability. Key highlights include:

• 18% reduction in recordable injuries in 2021.
• Over $2 million contributed to charitable initiatives.
• 90% of wood products sourced from sustainable vendors.
• Implementation of eco-friendly practices to reduce emissions.

The company aims to publish an updated CSR report annually, reinforcing its commitment to corporate governance and sustainability.

Builders FirstSource reported record first-quarter results for 2022, with net sales of $5.7 billion, up 36.1% year-over-year. Net income surged 270.6% to $639.6 million, with adjusted EBITDA rising 119.8% to $1.0 billion. The company's core organic sales grew by 15.0%, while acquisitions contributed 8.3% to net sales growth. Builders FirstSource also authorized a $2 billion share repurchase program. The strong results reflect robust demand in the residential housing market and effective cost management amid supply chain challenges.

Builders FirstSource (NYSE: BLDR) will host a conference call on May 10, 2022, at 8:00 a.m. CT to discuss its financial results.

The call will be led by President and CEO Dave Flitman and CFO Peter Jackson. A press release detailing the financial results will be available on the company's website before the market opens at 6:00 a.m. CT.

Investors can join the teleconference by dialing 866-342-8591 (U.S.) or 203-518-9713 (international). A replay will be available until May 17, 2022.

Builders FirstSource (NYSE: BLDR) announced the appointment of Amy Bass Messersmith as Chief People Officer, effective March 14, 2022. In this new role, she will be responsible for overseeing all human resources aspects, including best practices in organizational development and diversity. Her previous experience includes leadership positions at U.S. Anesthesia Partners, TDIndustries, and Pizza Hut. Builders FirstSource aims to strengthen its HR capabilities to enhance employee satisfaction and support its workforce of over 28,000 members.

Builders FirstSource reported robust financial results for Q4 2021, with net sales hitting $4.6 billion, a 23.7% increase from the previous year. The merger with BMC contributed significantly to growth, yielding a 216.2% rise in net income to $442.5 million. Adjusted EBITDA surged 110.0% to $793.4 million, reflecting strong demand in single-family housing and effective pricing strategies. The company repurchased approximately 16.5 million shares for around $1.2 billion, and anticipates continued strong performance in 2022, targeting 4-5% net sales growth from recent acquisitions.

Builders FirstSource (NYSE: BLDR) has authorized a new $1 billion stock repurchase program, following the completion of a $2 billion buyback initiated in 2021. The previous repurchase program saw 30.6 million shares repurchased at an average cost of $65.43 per share. CEO Dave Flitman emphasized that this new authorization reflects the company's financial strength and commitment to shareholder value. The timing and methods of the new buybacks will depend on market conditions and the company’s capital needs, with no obligations to purchase a specific amount.

Builders FirstSource (BLDR) will host a conference call on March 1, 2022, at 8:00 a.m. Central Time to discuss its financial results. This teleconference will be led by CEO Dave Flitman and CFO Peter Jackson. A press release with financial details will be available at 6:00 a.m. on the same day. Investors can access the call by dialing in before the start time, and a replay will be available post-call. Builders FirstSource is the largest U.S. supplier of building products, operating 580 locations across 42 states.