Posts Tagged ‘ Builders FirstSource ’

Builders FirstSource Had a Big Third Quarter

Nov 9th, 2015

Last week, Builders FirstSource  reported earnings of 31 cents per share for the third quarter of 2015, beating analysts’ estimates of 14 cents per share. On Friday, shares of the company’s stock surged 25 percent in heavy trading. The firm earned $1.7 billion during the third quarter. Sales volume grew about 7 percent in the homebuilding market and 3 percent in the repair […]

It is Finished: Builders FirstSource Now Owns ProBuild

Aug 3rd, 2015

Two of the largest building products suppliers can finally exhale, as one has officially acquired the other. ProBuild Holdings is now property of Builders FirstSource. The combination will create a national dealer with 2014 combined revenues of approximately $6.1 billion, according to a company release. The company will leverage its nationwide network to focus on […]

Builders FirstSource Sales Jump 8.2 Percent in Second Quarter

Jul 27th, 2015

Builders FirstSource Inc., a supplier and manufacturer of structural and related building products for residential new construction in the United States, reported that sales increased 8.2. percent to $461.5 million in the second quarter of 2015, which ended on June 30. The company’s gross margin percentage was 24 percent, up 200 basis points from 22 […]

Builders FirstSource Gets Green Light on ProBuild Acquisition

Jul 20th, 2015

Builders FirstSource Inc. is one step closer to acquiring ProBuild Holdings. The company announced that it has received all third-party and governmental consents necessary for the acquisition’s completion—though it has yet to be made official. The closing is subject to the satisfaction or waiver of certain customary conditions and is expected to happen in early […]

Builders FirstSource Offers $750 Million of Notes

Jul 17th, 2015

Builders FirstSource will offer $750 million aggregate principal amount of senior unsecured notes due 2023, according to a company statement, in a private offering subject to market and other conditions. The offering of the notes is being made in connection with the acquisition of ProBuild Holdings LLC and is conditioned on its completion. The Company […]

Builders FirstSource to Finalize ProBuild Acquisition

Jul 14th, 2015

Builders FirstSource Inc. announced this week that it expects to complete its acquisition of ProBuild Holdings LLC in August. The deal, which was first announced in April, is an all-cash transaction valued at $1.63 billion. Highlights of the deal, according to a release from Builders FirstSource in April: It will create a diversified national dealer […]

Builders FirstSource Stock is Getting Bought Up Again

Jun 15th, 2015

Once they took the ProBuild plunge, shares soared. Two months ago, when Builders FirstSource acquired Denver-based ProBuild Holdings, investors pounced on the opportunity to have a stake in the company. Now, many experts are saying the BLDR stock is still “enough of a bargain to be worth buying,” according to a company statement. One sign […]

Builders FirstSource Announces Plans to Acquire ProBuild

Apr 13th, 2015


$1.63 billion is all it takes to become America’s largest building materials supplier. In a massive deal, Builders FirstSource Inc. will acquire ProBuild Holdings in an all-cash transaction. It took ProBuild nearly 10 years to become big enough to buy. The company was created in 2006 by an investment group and grew to one of […]

Builders FirstSource Opens Two New Facilities

Dec 11th, 2014

Builders FirstSource Inc. plans to open a new distribution facility in Conroe, Texas, and to relocate its existing distribution facility in San Antonio. CEO Floyd Sherman says the company is capitalizing on the continuing rapid population growth in Texas. “Our recent Houston acquisition was a major step into a market we feel has very strong […]

Builders FirstSource Appoints Crow as New President, COO

Nov 13th, 2014

Builders FirstSource Inc., has announced that its board of directors has appointed Chad Crow, currently senior vice president and chief financial officer, to the position of president and chief operating officer. Floyd Sherman, CEO, believes strongly in Crow’s ability to manage the position. “Over the past fifteen years, Chad has been an integral part of […]