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.

Related Research Articles

Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor chips for electronics, flat panel displays for computers, smartphones, televisions, and solar products. The company also supplies equipment to produce coatings for flexible electronics, packaging and other applications. The company is headquartered in Santa Clara, California, and is the second largest supplier of semiconductor equipment in the world based on revenue behind Dutch company ASML.

<span class="mw-page-title-main">BMC Software</span> American enterprise software company

BMC Software, Inc. is an American multinational information technology (IT) services and consulting, and enterprise software company based in Houston, Texas.

<span class="mw-page-title-main">Sysco</span> American distribution company

Sysco Corporation is an American multinational corporation involved in marketing and distributing food products, smallwares, kitchen equipment and tabletop items to restaurants, healthcare and educational facilities, hospitality businesses like hotels and inns, and wholesale to other companies that provide foodservice. The company is headquartered in the Energy Corridor district of Houston, Texas. Sysco is the world's largest broadline food distributor; it has more than 600,000 clients in a wide array of fields. Management consulting is also an integral part of their services. The company operates approximately 330 distribution facilities worldwide; providing service to over 90 countries.

<span class="mw-page-title-main">Masco</span> Construction and Home Improvement Company

Masco Corporation is an American manufacturer of products for the home improvement and new home construction markets. Comprising more than 20 companies, the Masco conglomerate operates nearly 60 manufacturing facilities in the United States and over 20 in other parts of the world. Since 1969 it trades on the NYSE. Under the leadership of Richard Manoogian, the company grew exponentially and subsequently joined the Fortune 500 list of largest U.S. corporations.

BorgWarner Inc. is an American automotive and e-mobility supplier headquartered in Auburn Hills, Michigan. As of 2023, the company maintains production facilities and sites at 92 locations in 24 countries, and generates revenues of US$14.2 billion, while employing around 39,900 people. The company is one of the 25 largest automotive suppliers in the world.

<span class="mw-page-title-main">Jarden</span> American consumer products manufacturer

Jarden was an American consumer products company. Formed by the spin out of Ball Corporation's canning business, the company became a wider conglomerate of consumer brands, particularly in the outdoors and home appliances market. Jarden was acquired in 2016 by Newell Rubbermaid, which renamed itself Newell Brands.

<span class="mw-page-title-main">Berry Global</span> Plastic packaging manufacturer

Berry Global Group, Inc. is a Fortune 500 global manufacturer and marketer of plastic packaging products. Headquartered in Evansville, Indiana, it has over 265 facilities across the globe and more than 46,000 employees

Arris International Limited is an American telecommunications equipment company engaged in data, video and telephony systems for homes and businesses. On April 4, 2019, Arris was acquired by network infrastructure provider CommScope.

United Rentals, Inc. is an American equipment rental company, with about 16 percent of the North American market share as of 2022. It owns the largest rental fleet in the world with approximately 4,700 classes of equipment totaling about $19.3 billion in original equipment cost (OEC) as of 2022. The company has a combined total of 1,625 locations, including an integrated network of 1,504 rental locations in North America, 38 in Europe, 23 in Australia and 19 in New Zealand. In North America, the company operates in 49 U.S. states and Puerto Rico and in every Canadian province. In 2017, United Rentals' revenue totaled more than $6.64 billion, with over $1.35 billion in profit. It is ranked #424 on the Fortune 500, #1183 on the Forbes Global 2000 list of the world's largest public companies, and is the world's largest equipment rental company.

<span class="mw-page-title-main">AECOM</span> American engineering firm

AECOM is an American multinational infrastructure consulting firm headquartered in Dallas, Texas.

HD Supply Holdings, Inc. is an industrial distributor in North America. The company provides a broad range of products and value-added services to approximately 250,000 professional customers in maintenance, repair and operations, infrastructure and power and specialty construction sectors. The company was re-acquired by The Home Depot in December 2020.

ProBuild Holdings was a privately held diversified supplier of lumber and building materials to professional builders and contractors in the United States.

Univar Solutions Inc.(formerly Royal Vopak) is a global chemical and ingredients distributor and provider of value-added services.

The Gores Group, LLC is a private equity firm specializing in acquiring and partnering with mature and growing businesses. The company was founded in 1987 by its CEO and chairman, Alec E. Gores.

Cvent Holding Corp. is a Tysons Corner, Virginia–based company that provides software-as-a-service (SaaS) solutions for meetings, events, and hospitality management. Their web-based platform caters to in-person, virtual, and hybrid events, offering functionalities like online registration, venue selection, event management tools, and attendee engagement features. Cvent also provides software for hotels and venues to manage group bookings, including corporate travel, and source new group business. Previously a public company, Cvent was acquired by investment firm Blackstone Inc. for $4.6 billion in June 2023.

<span class="mw-page-title-main">Japan Display</span> Japanese display manufacturer

Japan Display Inc., commonly called by its abbreviated name, JDI, is the Japanese display technology joint venture formed by the merger of the small and medium-sized liquid crystal display businesses of Sony, Toshiba, and Hitachi.

Siemens Digital Industries Software is an American computer software company specializing in 3D & 2D Product Lifecycle Management (PLM) software. The company is a business unit of Siemens, operates under the legal name of Siemens Industry Software Inc, and is headquartered in Plano, Texas.

Linn Energy, Inc. was a hydrocarbon exploration company based in Houston. In 2018, the company split into Roan Resources and Riviera Resources.

Maxar Technologies Inc. is an American space technology company headquartered in Westminster, Colorado, United States, specializing in manufacturing communication, Earth observation, radar, and on-orbit servicing satellites, satellite products, and related services. DigitalGlobe and MDA Holdings Company merged to become Maxar Technologies on October 5, 2017.

<span class="mw-page-title-main">Refinitiv</span> Financial technology company

LSEG Data & Analytics, formerly Refinitiv, is an American-British global provider of financial market data and infrastructure.

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. 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. 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.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.