Builders FirstSource

Last updated
Builders FirstSource, Inc.
Company type Public company
Founded1998;27 years ago (1998)
Headquarters Irving, Texas, U.S.
Key people
Peter Jackson (CEO)
Revenue22,726,418,000 United States dollar (2022)  OOjs UI icon edit-ltr-progressive.svg
3,770,206,000 United States dollar (2022)  OOjs UI icon edit-ltr-progressive.svg
2,749,369,000 United States dollar (2022)  OOjs UI icon edit-ltr-progressive.svg
Website bldr.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

  1. ↑ "Builders FirstSource". Fortune. Retrieved 2019-07-03.
  2. ↑ "About Us". Archived from the original on December 8, 2012. Retrieved Apr 12, 2023.
  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. 1 2 "Builders FirstSource | Building Supplies & Materials". www.bldr.com. Retrieved 2020-07-12.
  5. 1 2 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. Archived from the original on 2019-10-20. 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. Archived from the original on 2020-08-12. Retrieved 2020-04-26.
  10. ↑ "Builders FirstSource acquires Bianchi & Company". HBS Dealer. Retrieved 2020-06-21.
  11. 1 2 3 "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. Archived from the original on 2022-02-18. Retrieved 2022-02-18.
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