Builders Firstsource Inc Stock Price, News & Analysis

Builders FirstSource reported record net sales of $5.6 billion in Q2 2021, a 186.6% increase year-over-year, primarily due to the BMC merger and strong organic growth. Core organic sales rose 35%, driven by demand in single-family housing. Net income reached $497.2 million, equating to $2.39 per diluted share. Adjusted EBITDA increased 231.6% to $835.8 million, with a margin of 15%. The company anticipates a revenue growth of 41%-48% over 2020 and is raising its full-year guidance for adjusted EBITDA by 28%.

Builders FirstSource (NYSE: BLDR) will hold a conference call on August 5, 2021, at 8:00 a.m. CT to discuss its Q2 2021 financial results. CEO Dave Flitman and CFO Peter Jackson will lead the call. The company plans to release its financial results at 6:00 a.m. CT on the same day. Investors can join the call by dialing 866-269-4261 (U.S.) or 1-773-341-1661 (international) and using Conference ID: 3825770. A replay will be available until August 29, 2021. More details can be found on their website.

Builders FirstSource has priced an offering of $1 billion in unsecured 4.250% Senior Notes due 2032, increasing the offering by $200 million. The proceeds will be used primarily to repay outstanding debt under its senior secured ABL facility and cover transaction costs. The offering is subject to market conditions and is intended for qualified institutional buyers and non-U.S. persons only. Builders FirstSource is a leading supplier of building products and services in the U.S., operating in 40 states with approximately 550 locations.

Builders FirstSource, Inc. (NYSE: BLDR) has announced an offering of $800 million in unsecured Senior Notes due 2032. The net proceeds will primarily be used to repay part of the outstanding debt under its senior secured ABL facility, along with covering transaction fees. The offering's completion is subject to market conditions. The Notes will not be registered under the Securities Act, limiting their sale to qualified institutional buyers and non-U.S. persons. Builders FirstSource is the largest supplier of building products and services in the U.S.

Builders FirstSource (Nasdaq: BLDR) announced the sale of its Eastern U.S. Gypsum Distribution Operations to L&W Supply. This strategic divestiture includes 21 facilities generating approximately $160 million in sales in 2020, aligning with the company's focus on core business growth. The sales price remains undisclosed, with the transaction expected to close in Q3 2021. L&W Supply, which acquired ABC Supply in 2016, will maintain employment for most current staff and provide continued service for customers.

Builders FirstSource (Nasdaq: BLDR) is set to transfer its common stock listing from Nasdaq to the New York Stock Exchange (NYSE), effective July 19, 2021. The decision follows the merger with BMC, positioning Builders FirstSource as a premier supplier in the building materials sector. CEO Dave Flitman highlighted the NYSE as the preferred exchange for the industry, enhancing the company’s visibility and credibility. With around 550 locations across 40 states, Builders FirstSource remains the largest U.S. supplier of building products, continuing to trade under the ticker symbol 'BLDR.'

Builders FirstSource (Nasdaq: BLDR) announced the acquisition of WTS Paradigm for approximately $450 million, enhancing its digital solutions for the building products industry. Paradigm, generating an estimated $50 million in 2021 revenue, specializes in technology that improves efficiency in home construction. This acquisition aims to align with Builders FirstSource’s strategy to invest in innovative solutions, driving growth and customer satisfaction. The deal is expected to close in 2021, subject to standard approvals, with Paradigm operating as a subsidiary.

Builders FirstSource, Inc. (Nasdaq: BLDR) announced its agreement to acquire Cornerstone Building Alliance SW, LLC for approximately $400 million. The acquisition enhances Builders FirstSource's geographic reach in Arizona, which includes the fastest growing metropolitan areas. Alliance reported TTM sales of approximately $330 million and is expected to boost Builders FirstSource's adjusted earnings per share in 2021. This strategic acquisition supports Builders FirstSource's goal to invest in high-value categories and leverage synergies following their merger with BMC.