Content about Builders FirstSource

February 21, 2014

Builders FirstSource (BLDR) and Lousiana-Pacific (LPX) experienced gains of 6.46% and 4.80%, respectively, on Friday.

January 23, 2014

Builders FirstSource (BLDR) had a constructive day on Wednesday, which boosted its shares 4.85%.

December 11, 2013

HCN Top 30 stocks were largely lagging at Wednesday’s close, with only Boise Cascade (BCC) and Builders FirstSource (BLDR) making substantial gains.

November 27, 2013

Both Trex (TREX) and Builders FirstSource (BLDR) enjoyed gains of more than 4% on Tuesday.

September 27, 2013

Builders FirstSource (BLDR) was up 9.32%, though the change was from a relatively low baseline of $5.91.

July 29, 2013

Builders FirstSource CEO Floyd Sherman describes the three months ended June 30 as "another quarter of improving financial performance" for the Dallas-based pro dealer. However, hefty refinancing costs pushed the company to a net loss of $48.2 million in the quarter, compared with a net loss of $12.1 million in last year's second quarter.

The company reported operating income of $13.2 million, compared with an operating loss of $1.4 million in the second quarter last year.

July 12, 2013

LP continued its impressive climb at +6.30%, topped only by Builders FirstSource at +9.45%.

June 19, 2013

No matter how you slice them, the numbers of the HCN Top 300 Industry Scoreboard reflect the rising housing market, increased spending on the home and an easy comparison with the previous year's performance.

Of the leading 300 home channel retailers, 277 show positive sales in the most recently completed finished fiscal year, and 12 show declines. Eleven others are listed as flat.

May 14, 2013

Dallas-based pro dealer Builders FirstSource said it plans to offer $350 million of senior secured notes due in 2021. 

Also, the pro dealer intends to enter into a new revolving credit facility, expected to provide for revolving credit borrowings of up to $175.0 million.

 

April 26, 2013

The Dallas-based pro dealer reported sales of $319.7 million for the first quarter ended March 31, up 45.7%

December 19, 2012

Dallas-based pro dealer Builders FirstSource has announced it amended its first-lien term loan agreement with affiliates of Highbridge Principal Strategies to enhance its liquidity position to support both current and anticipated increases in sales volume.

November 20, 2012

Dallas-based Builders FirstSource unveiled its new company web site, at www.bldr.com.

Among the improvements are an “improved end-user experience,” along with location-specific information on products and services. 

“The new website will provide an enhanced user experience and will give our customers much better information about our locations and the products and services we offer,” said Morris Tolly, Builders FirstSource senior VP of operations. 

November 2, 2012

Salt Lake City — Privately held home improvement retailer Sutherlands Lumber, based in Kansas City, Mo., has gone where few lumber companies have gone before — from a 1917 mom-and-pop to a home improvement chain that operates in 13 states.

October 19, 2012

Builders FirstSource, the Dallas-based pro dealer, reported net sales of $291.8 million for its third fiscal quarter, an increase of 34.3% when compared with the third quarter of 2011. The company estimated that sales increased approximately 27% due to increased volume and 7% due to price.

Losses from continuing operations were $12.3 million for the quarter, which ended Sept. 30. This compares with a loss of $11.5 million in the third quarter of 2011.

July 20, 2012

Revenues jumped 31.7% at Builders FirstSource, the Dallas-based pro dealer, which posted net sales of $279.1 million for the second quarter of 2012, up from sales of $206.4 million in the same quarter of 2011.

June 1, 2012

Something is wrong on Wall Street.

The whole financial community is aflutter over Facebook shares, which stumbled out of the blocks as a publicly traded company last month.

But that’s not the problem. The problem is that the company’s market capitalization is completely out of whack with acceptable notions of corporate significance and meaningful contributions to society. The value of Facebook shares multiplied by the number of those shares is — at last tally — an amazing $87.33 billion.

May 17, 2012

Dallas-based pro dealer Builders FirstSource has announced a new location in Clarksville, Tenn., approximately 40 miles northwest of Nashville. The facility is situated on five acres and includes a 25,000-sq.-ft. warehouse. It will offer lumber, engineered I-joist systems, roof and floor trusses, windows, doors, millwork and various other building products and materials. The scheduled opening date is in early June.

CEO Floyd Sherman said the company is looking forward to expanding its footprint in northern Tennessee and southern Kentucky.

May 7, 2012

Builders FirstSource, the Dallas-based pro dealer, posted net sales of $219.4 million for its first fiscal quarter of 2012, a 34.7% hike over sales of $162.8 million in the same quarter of 2011. The increase was primarily due to increased sales volume as commodity prices for lumber and lumber sheet goods in the quarter were, on average, comparable to the same period a year ago, the company said.

April 27, 2012

Momentum appears strong, but profits remain elusive for Builders FirstSource, the industry’s sole remaining publicly traded chain of lumberyards.

On the positive side of the ledge, the company posted its third straight quarter of sales increases of greater than 20%. But the company’s first-quarter loss was $19.1 million, which narrowed slightly from a loss of $21.1 million in the first quarter of 2011.

April 20, 2012

Dallas-based pro dealer Builders FirstSource reported sales of $219.4 million for the first quarter of 2012, an increase of 34.7% compared with the same quarter of 2011. The increase was primarily due to increased sales volume as commodity prices for lumber and lumber sheet goods were, on average, comparable over these same periods, according to the company.

Net loss for the first quarter, which ended March 31, 2012, was $19.2 million, compared with a net loss of $21.2 million in the corresponding quarter a year ago.

March 22, 2012

Builders FirstSource, the Southeastern LBM chain, has announced the opening of a new lumberyard in Jarrell, Texas. The Central Texas facility will primarily serve the greater Austin market.

The facility, situated on 8.2 acres, includes a 40,000 sq. ft. warehouse with an additional 6,000 square feet of office space. Its product offerings will include a full line of structural and related building products, including lumber, trusses, panels, windows, doors, millwork and various other building related products.

March 2, 2012

Brad Leist, the VP, controller and principal accounting officer at Builders FirstSource, has resigned his position to pursue other opportunities, according to a Feb. 28 filing with the Securities and Exchange Commission (SEC). Until the company fills that position, Chad Crow, senior VP and CFO at Builders FirstSource, will serve as the acting principal accounting officer.

March 2, 2012

Builders FirstSource turned in positive fourth-quarter results, including a 31% jump in revenues to $192.7 million. But it was CEO Floyd Sherman’s statement about “[taking] advantage of opportunistic inventory buys” toward the end of the year that caught the attention of many people in the LBM industry. Even the analysts on the Dallas-based company’s Feb. 17 conference call wanted to know more. Was it a temporary thing or a new strategy, one asked?

February 16, 2012

Dallas-based pro dealer Builders FirstSource reported sales of $192.7 million for its fourth fiscal quarter, an increase of 31.0% from sales of $147.1 million in the fourth quarter a year ago. The company estimated that sales increased approximately 29% due to increased sales volume and 2% due to price. 

Net loss for the quarter, which ended Dec. 31, 2011, was $16.7 million, compared with $24.6 million in the corresponding period a year ago.

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