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{{Short description|Building materials company}}
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'''Builders FirstSource, Inc'''. is a [[Fortune 500]] company<ref>{{Cite web|url=https://fortune.com/fortune500/2019/builders-firstsource|title=Builders FirstSource|website=Fortune|language=en|access-date=2019-07-03}}</ref> that is a manufacturer and supplier of building materials.<ref>{{Cite web|url=https://mayfieldrecorder.com/2019/07/01/marshall-wace-north-america-l-p-has-900000-stock-holdings-in-builders-firstsource-inc-nasdaqbldr.html|title=Marshall Wace North America L.P. Boosts Stake in Builders FirstSource, Inc. (NASDAQ:BLDR)|last=Smitson|first=Frank|date=2019-07-01|website=Mayfield Recorder|language=en|access-date=2019-07-03}}</ref> The company is headquartered in [[Dallas]], [[Texas]], and is the largest supplier of building products, prefabricated components and value-added services in the US. They serve new residential construction, repair and remodeling professionals.<ref name=":0">{{Cite web|url=https://www.bizjournals.com/dallas/news/2019/03/20/builders-firstsource-terminates-note-exchange.html|title=Builders FirstSource terminates note exchange offer|last=Stych|first=Anne|date=20 March 2019|website=www.bizjournals.com|archive-url=|archive-date=|dead-url=|access-date=2019-07-03}}</ref> The company was incorporated in March 1998.<ref>{{Cite web|url=https://www.reuters.com/finance/stocks/company-profile/BLDR.O|title=Builders FirstSource Inc (BLDR.O)|last=Editorial|first=Reuters|date=2 July 2019|website=U.S.|language=en|archive-url=|archive-date=|dead-url=|access-date=2019-07-03}}</ref> The company has about 400 locations in 39 US states.<ref name=":0" />
{{Infobox company
| name = Builders FirstSource, Inc.
| logo = Builders_FirstSource_Logo.png
| type = [[Public company]]
| traded_as = {{ubl|{{NYSE|BLDR}}|[[S&P 500]] component}}
| hq_location = [[Irving, Texas]], U.S.
| founded = {{Start date and age|1998}}
| key_people = Peter Jackson ([[CEO]])
| website = [https://www.bldr.com/ bldr.com]
}}

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'''Builders FirstSource, Inc'''. is a [[Fortune 500]] company<ref>{{Cite web|url=https://fortune.com/fortune500/2019/builders-firstsource|title=Builders FirstSource|website=Fortune|language=en|access-date=2019-07-03}}</ref><ref>{{Cite web|url=http://www.bldr.com/AboutBuildersFirstSource.aspx|title=About Us|accessdate=Apr 12, 2023}}{{Dead link|date=August 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> that is a manufacturer and supplier of building materials.<ref>{{Cite web|url=https://mayfieldrecorder.com/2019/07/01/marshall-wace-north-america-l-p-has-900000-stock-holdings-in-builders-firstsource-inc-nasdaqbldr.html|title=Marshall Wace North America L.P. Boosts Stake in Builders FirstSource, Inc. (NASDAQ:BLDR)|last=Smitson|first=Frank|date=2019-07-01|website=Mayfield Recorder|language=en|access-date=2019-07-03}}</ref> The company is headquartered in [[Irving, Texas]], and is the largest supplier of building products, prefabricated components and value-added services in the US. Builders FirstSource employs over 15,000 people throughout the USA.<ref name=":1">{{Cite web|title=Builders FirstSource {{!}} Building Supplies & Materials|url=https://www.bldr.com/about-us|access-date=2020-07-12|website=www.bldr.com}}</ref> They serve new residential construction, repair and remodeling professionals.<ref name=":0">{{Cite web|url=https://www.bizjournals.com/dallas/news/2019/03/20/builders-firstsource-terminates-note-exchange.html|title=Builders FirstSource terminates note exchange offer|last=Stych|first=Anne|date=20 March 2019|website=www.bizjournals.com|archive-url=|archive-date=|access-date=2019-07-03}}</ref> The company was incorporated in March 1998.<ref>{{Cite web|url=https://www.reuters.com/finance/stocks/company-profile/BLDR.O|title=Builders FirstSource Inc (BLDR.O)|date=2 July 2019|work=[[Reuters]]|language=en|archive-url=|archive-date=|access-date=2019-07-03}}</ref> The company has about 550 locations in 40 US states.<ref name=":1" /><ref name=":0" />

In 2015, Builders FirstSource acquired [[ProBuild]].<ref>{{Cite web|title=Builders FirstSource Completes Acquisition of ProBuild|url=https://investors.bldr.com/news-releases/news-release-details/builders-firstsource-completes-acquisition-probuild|access-date=2019-10-20|website=Builders FirstSource, Inc.|language=en|archive-date=2019-10-20|archive-url=https://web.archive.org/web/20191020190357/https://investors.bldr.com/news-releases/news-release-details/builders-firstsource-completes-acquisition-probuild|url-status=dead}}</ref> This acquisition resulted in a combined entity with $6.1 billion in combined 2014 revenue. In 2018, the revenue of the combined company was $7.7 Billion.<ref>{{Cite web|url=https://investors.bldr.com/investor-relations|title=Investor Relations|website=Builders FirstSource, Inc.|language=en|access-date=2019-10-21}}</ref>

In December 2019, Builders FirstSource acquired Raney Components, LLC and Raney Construction, Inc,<ref>{{Cite web|url=https://investors.bldr.com/news-releases/news-release-details/builders-firstsource-adds-vertically-integrated-capabilities|title=Builders FirstSource Adds Vertically Integrated Capabilities Through Acquisition of Raney Construction, an Established Provider of Off-Site Manufacturing and Value-Added Services across Florida|website=Builders FirstSource, Inc.|language=en|access-date=2020-04-26}}</ref> located in [[Groveland, Florida]].

In January 2020, Builders FirstSource acquired Bianchi & Company, Inc,<ref>{{Cite web|url=https://www.hbsdealer.com/news/builders-firstsource-acquires-bianchi-company|title=Builders FirstSource acquires Bianchi & Company|website=HBS Dealer|language=en|access-date=2020-06-21}}</ref> a millwork supplier and install company located in [[Charlotte, North Carolina]]. In September 2020, Builders FirstSource announced a merger with BMC Stock Holdings, in which the newly merged company would operate under the Builders FirstSource branding.<ref name="lbmjournal.com">{{Cite web|url=https://lbmjournal.com/builders-firstsource-completes-ceo-transition/|title=Dave Flitman appointed Builders FirstSource CEO|website=LBM Journal|language=en|access-date=2020-06-21}}</ref><ref>{{Cite web|url=https://www.bizjournals.com/dallas/news/2020/08/27/builders-firstsource-bmc-stock-holdings.html|title=Dallas-based Builders FirstSource buys rival BMC to create materials supplier giant|website=BizJournals|language=en|access-date=2020-06-21}}</ref>

In January 2021, the company announced that former BMC president and CEO Dave Flitman was named president.<ref name="lbmjournal.com"/> Flitman was later named CEO of the company in April 2021 after a 90-day transition.<ref name="lbmjournal.com"/>

Builders FirstSource announced authorization of a new $1 billion stock repurchase plan on February 18, 2022.<ref>{{Cite web|url=https://investors.bldr.com/news-releases/news-release-details/builders-firstsource-announces-authorization-new-1-billion-stock|title=Builders FirstSource Announces Authorization of New $1 Billion Stock Repurchase Plan &#124; Builders FirstSource, Inc.|website=investors.bldr.com}}</ref> This announcement comes on the heels of the completion of $2 Billion stock repurchase programs initiated in 2021.


== References ==
== References ==
{{Reflist|}}
{{Reflist|}}

==External links==
*{{Official|https://www.bldr.com}}
{{Finance links
| name = Builders FirstSource, Inc.
| symbol = BLDR
| reuters = BLDR.N
| bloomberg = BLDR:US
| sec_cik = 1316835
| yahoo = BLDR
| google = BLDR:NYSE
}}

[[Category:Companies based in Dallas]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Business services companies established in 1998]]
[[Category:Building materials companies of the United States]]

Latest revision as of 16:05, 6 November 2024

Builders FirstSource, Inc.
Company typePublic company
Founded1998; 26 years ago (1998)
HeadquartersIrving, Texas, U.S.
Key people
Peter Jackson (CEO)
Revenue22,726,418,000 United States dollar (2022) Edit this on Wikidata
3,770,206,000 United States dollar (2022) Edit this on Wikidata
2,749,369,000 United States dollar (2022) Edit this on Wikidata
Websitebldr.com

Builders FirstSource, Inc. is a Fortune 500 company[1][2] that is a manufacturer and supplier of building materials.[3] The company is headquartered in Irving, Texas, and is the largest supplier of building products, prefabricated components and value-added services in the US. Builders FirstSource employs over 15,000 people throughout the USA.[4] They serve new residential construction, repair and remodeling professionals.[5] The company was incorporated in March 1998.[6] The company has about 550 locations in 40 US states.[4][5]

In 2015, Builders FirstSource acquired ProBuild.[7] This acquisition resulted in a combined entity with $6.1 billion in combined 2014 revenue. In 2018, the revenue of the combined company was $7.7 Billion.[8]

In December 2019, Builders FirstSource acquired Raney Components, LLC and Raney Construction, Inc,[9] located in Groveland, Florida.

In January 2020, Builders FirstSource acquired Bianchi & Company, Inc,[10] a millwork supplier and install company located in Charlotte, North Carolina. In September 2020, Builders FirstSource announced a merger with BMC Stock Holdings, in which the newly merged company would operate under the Builders FirstSource branding.[11][12]

In January 2021, the company announced that former BMC president and CEO Dave Flitman was named president.[11] Flitman was later named CEO of the company in April 2021 after a 90-day transition.[11]

Builders FirstSource announced authorization of a new $1 billion stock repurchase plan on February 18, 2022.[13] This announcement comes on the heels of the completion of $2 Billion stock repurchase programs initiated in 2021.

References

[edit]
  1. ^ "Builders FirstSource". Fortune. Retrieved 2019-07-03.
  2. ^ "About Us". Retrieved Apr 12, 2023.[permanent dead link‍]
  3. ^ Smitson, Frank (2019-07-01). "Marshall Wace North America L.P. Boosts Stake in Builders FirstSource, Inc. (NASDAQ:BLDR)". Mayfield Recorder. Retrieved 2019-07-03.
  4. ^ a b "Builders FirstSource | Building Supplies & Materials". www.bldr.com. Retrieved 2020-07-12.
  5. ^ a b Stych, Anne (20 March 2019). "Builders FirstSource terminates note exchange offer". www.bizjournals.com. Retrieved 2019-07-03.
  6. ^ "Builders FirstSource Inc (BLDR.O)". Reuters. 2 July 2019. Retrieved 2019-07-03.
  7. ^ "Builders FirstSource Completes Acquisition of ProBuild". Builders FirstSource, Inc. Archived from the original on 2019-10-20. Retrieved 2019-10-20.
  8. ^ "Investor Relations". Builders FirstSource, Inc. Retrieved 2019-10-21.
  9. ^ "Builders FirstSource Adds Vertically Integrated Capabilities Through Acquisition of Raney Construction, an Established Provider of Off-Site Manufacturing and Value-Added Services across Florida". Builders FirstSource, Inc. Retrieved 2020-04-26.
  10. ^ "Builders FirstSource acquires Bianchi & Company". HBS Dealer. Retrieved 2020-06-21.
  11. ^ a b c "Dave Flitman appointed Builders FirstSource CEO". LBM Journal. Retrieved 2020-06-21.
  12. ^ "Dallas-based Builders FirstSource buys rival BMC to create materials supplier giant". BizJournals. Retrieved 2020-06-21.
  13. ^ "Builders FirstSource Announces Authorization of New $1 Billion Stock Repurchase Plan | Builders FirstSource, Inc". investors.bldr.com.
[edit]
  • Official website
  • Business data for Builders FirstSource, Inc.:
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