To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? The post Earnings Confirm Hopes as Industrial Distributors Ride Momentum in ’22 appeared first on Modern Distribution Management.
Category: Builders FirstSource
Builders FirstSource OKs $1B Stock Buyback Plan
The board of directors for Dallas-based building materials distributor Builders FirstSource, Inc. (NYSE: BLDR) has authorized the company to repurchase $1 billion of its common shares. The announcement follows the company’s completion of a $2 billion stock buyback program that started last year. Under the completed share repurchase programs authorized in August and November of […]
Builders FirstSource Acquires National Lumber
Dallas-based building materials distributor Builders FirstSource, Inc. (NYSE: BLDR) completed its acquisition of National Lumber, the largest independent building materials supplier in the New England region. Financial terms were not disclosed. National Lumber runs 19 facilities and employs more than 700 people across Massachusetts, Connecticut and Rhode Island, and has a “diverse mix of products […]
Builders FirstSource Sales Up 62.7%
Dallas-based building materials distributor Builders FirstSource, Inc. (NYSE: BLDR) reported 2021 third-quarter net sales of $5.5 billion, a 62.7% increase over the same period in 2020. The company also reported $613.1 million in net income, a record for Builders FirstSource. Gross profit for 2021 3Q was $1.7 billion, driven by the company’s merger with BMC […]
Builders FirstSource Acquires Apollo Software Assets
Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, on Thursday announced it has acquired Apollo software assets from construction technology startup Katerra for $4.5 million. According to BLDR, the Apollo platform “provides design collaboration and workflow, construction budgeting and scheduling, and field task assignment with mobile functionality. The acquisition aligns with Builders FirstSource’s digital strategy to address […]
Builders FirstSource Acquires California TrusFrame for $179.5M
Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, on Thursday announced it has acquired California TrusFrame LLC (CTF), a California-based producer of value-added building products, for $179.5 million. Established in 1982, CTF is led by President and CEO Shawn Overholtzer, who will be joining Builders FirstSource along with the rest of its employees upon closing, and operates […]
