IRVING, Texas--(BUSINESS WIRE)--Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the “Company”) today announced it has appointed Gayatri Narayan to the newly created role of President, Technology and Digital Solutions, reporting to CEO Peter Jackson. In this role, Ms. Narayan will be responsible for the continued development and delivery of innovative digital products and laun...
DALLAS--(BUSINESS WIRE)--Eagle Materials Inc. (NYSE: EXP) announced today that it has appointed David Rush to its Board of Directors. Mr. Rush is the retired Chief Executive Officer of Builders FirstSource (NYSE: BLDR), the nation's largest supplier of structural building products, value-added components and services to the professional market for single-family and multi-family construction and...
I downgraded Builders FirstSource to a sell due to disappointing 1Q25 performance, organic sales declines, and significant margin compression. Multifamily segment remains a major weakness, with a 32.7% y/y organic sales drop and no near-term recovery expected. The single-family market struggles under affordability pressures, with management expecting mid-single-digit declines in starts for FY25.
Builders FirstSource shares have declined 40% due to weak residential construction and macro uncertainty, leading to a “hold” rating despite a better valuation. Q1 results showed a 43% drop in adjusted EPS and a 14% decline in gross profit, with significant margin compression and sales down 5%. The company's balance sheet has weakened from a very strong place due to $828 million in M&A and $391...
IRVING, Texas--(BUSINESS WIRE)--Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the “Company”) today announced that it has priced an offering of $750 million aggregate principal amount of 6.750% unsecured Senior Notes due 2035 (the “Notes”), which represents a $250 million increase in the previously announced size of the offering. The price to investors will be 100.000% of th...
IRVING, Texas--(BUSINESS WIRE)--Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the “Company”) today announced that it has launched an offering of $500 million aggregate principal amount of unsecured Senior Notes due 2035 (the “Notes”). The Company intends to use the net proceeds from the offering to repay indebtedness outstanding under the ABL Facility. Consummation of the o...
Builders FirstSource, Inc. (NYSE:BLDR ) Q1 2025 Earnings Conference Call May 1, 2025 9:00 AM ET Company Participants Peter Jackson - President and CEO Pete Beckmann - CFO Heather Kos - SVP, IR Conference Call Participants Matthew Bouley - Barclays Michael Dahl - RBC Capital Markets Charles Perron-Piche - Goldman Sachs John Lovallo - UBS Rafe Jadrosich - Bank of America Keith Hughes - Traits Sec...
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