Builders FirstSource
 | |
| Company type | Public company |
|---|---|
| Founded | 1998 |
| Headquarters | Irving, Texas, U.S. |
Key people | Dave Rush (CEO) |
| Revenue | 22,726,418,000 United States dollar (2022)  |
| 3,770,206,000 United States dollar (2022) | |
| 2,749,369,000 United States dollar (2022) | |
| 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
[edit]- ^ "Builders FirstSource". Fortune. Retrieved 2019-07-03.
- ^ "About Us". Retrieved Apr 12, 2023.[permanent dead link]
- ^ 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.
- ^ a b "Builders FirstSource | Building Supplies & Materials". www.bldr.com. Retrieved 2020-07-12.
- ^ a b Stych, Anne (20 March 2019). "Builders FirstSource terminates note exchange offer". www.bizjournals.com. Retrieved 2019-07-03.
- ^ "Builders FirstSource Inc (BLDR.O)". Reuters. 2 July 2019. Retrieved 2019-07-03.
- ^ "Builders FirstSource Completes Acquisition of ProBuild". Builders FirstSource, Inc. Archived from the original on 2019-10-20. Retrieved 2019-10-20.
- ^ "Investor Relations". Builders FirstSource, Inc. Retrieved 2019-10-21.
- ^ "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.
- ^ "Builders FirstSource acquires Bianchi & Company". HBS Dealer. Retrieved 2020-06-21.
- ^ a b c "Dave Flitman appointed Builders FirstSource CEO". LBM Journal. Retrieved 2020-06-21.
- ^ "Dallas-based Builders FirstSource buys rival BMC to create materials supplier giant". BizJournals. Retrieved 2020-06-21.
- ^ "Builders FirstSource Announces Authorization of New $1 Billion Stock Repurchase Plan | Builders FirstSource, Inc". investors.bldr.com.
External links
[edit]- Official website
- Business data for Builders FirstSource, Inc.: