Firstsource

Builders FirstSource Prices Offering of $1 Billion of Senior Notes due 2034

Retrieved on: 
Monday, February 26, 2024

Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the “Company”) today announced that it has priced an offering of $1 billion aggregate principal amount of 6.375% unsecured Senior Notes due 2034 (the “Notes”), which represents a $400 million increase in the previously announced size of the offering.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the “Company”) today announced that it has priced an offering of $1 billion aggregate principal amount of 6.375% unsecured Senior Notes due 2034 (the “Notes”), which represents a $400 million increase in the previously announced size of the offering.
  • The price to investors will be 100.000% of the principal amount of the Notes.
  • The offering of the Notes is expected to close on February 29, 2024, subject to customary closing conditions.
  • This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes.

Builders FirstSource Increases Stock Repurchase Plan to $1 Billion

Retrieved on: 
Thursday, February 22, 2024

Builders FirstSource, Inc. (NYSE: BLDR) announced that on February 21, 2024, its Board of Directors authorized the repurchase of up to $1.0 billion of the Company’s outstanding shares of common stock, inclusive of the approximately $200 million remaining outstanding in the prior share repurchase plan authorized in April 2023.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) announced that on February 21, 2024, its Board of Directors authorized the repurchase of up to $1.0 billion of the Company’s outstanding shares of common stock, inclusive of the approximately $200 million remaining outstanding in the prior share repurchase plan authorized in April 2023.
  • “The Board’s increased share repurchase authorization reflects our strong conviction in the Company’s strategy, operating model, and ability to generate robust free cash flow,” said Paul S. Levy, Chairman of Builders FirstSource.
  • The timing and amount of any share repurchases under the share repurchase program will be determined by Builders FirstSource at its discretion based on ongoing assessments of the capital needs of the business, the market price of Builders FirstSource’s common stock, and general market conditions.
  • The program does not obligate Builders FirstSource to acquire any particular amount of its common stock, and the share repurchase program may be suspended or discontinued at any time at the Company’s discretion.

Builders FirstSource Reports Fourth Quarter and Full Year 2023 Results; Provides 2024 Financial Outlook

Retrieved on: 
Thursday, February 22, 2024

Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the fourth quarter and full year ended December 31, 2023.
  • For the fourth quarter, Adjusted EBITDA decreased 1.6% to $685.5 million, primarily driven by lower net sales.
  • The Company repurchased $1.8 billion of shares in 2023, reducing its total shares outstanding by 12.2% in 2023.
  • Builders FirstSource will host a conference call and webcast on Thursday, February 22, 2024, to discuss the Company’s financial results and other business matters.

Builders FirstSource to Host Fourth Quarter and Full Year 2023 Financial Results Conference Call and Webcast

Retrieved on: 
Thursday, January 18, 2024

Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host a conference call and webcast on Thursday, February 22, 2024, to discuss the Company’s financial results and other business matters.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host a conference call and webcast on Thursday, February 22, 2024, to discuss the Company’s financial results and other business matters.
  • The teleconference will begin at 8:00 a.m. Central Time and will be hosted by Dave Rush, Chief Executive Officer, and Peter Jackson, Chief Financial Officer.
  • To participate in the teleconference, please dial into the call a few minutes before the start time: 800-225-9448 (U.S. and Canada) and 203-518-9708 (international), Conference ID: BLDRQ423.
  • The live webcast and archived replay can also be accessed on the Company's investor relations website at investors.bldr.com under the Events and Presentations section.

Builders FirstSource Hosts 2023 Investor Day

Retrieved on: 
Tuesday, December 5, 2023

Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host its 2023 Investor Day today in Atlanta, beginning at 8:30 a.m. EST.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host its 2023 Investor Day today in Atlanta, beginning at 8:30 a.m. EST.
  • The formal presentations are expected to conclude at approximately 11:30 a.m. EST.
  • “We are excited to host the investor community for our 2023 Investor Day and share our consistent strategy to compound long-term shareholder value,” said Dave Rush, CEO of Builders FirstSource.
  • Interested parties unable to watch live will be able to view an archived copy of the webcast within 24 hours following the event’s conclusion.

Soma Pandey Joins Tredence as Chief Human Resources Officer

Retrieved on: 
Thursday, November 16, 2023

SAN JOSE, Calif. and BENGALURU, India, Nov. 16, 2023 /PRNewswire/ -- Tredence announced today that Soma Pandey has joined the company as the Chief Human Resources Officer.

Key Points: 
  • SAN JOSE, Calif. and BENGALURU, India, Nov. 16, 2023 /PRNewswire/ -- Tredence announced today that Soma Pandey has joined the company as the Chief Human Resources Officer.
  • Soma Pandey, a seasoned human resources leader with over twenty-five years of global experience, excels in transforming talent capabilities to align with the business strategies of advanced technology-driven companies.
  • In her previous roles as Chief Human Resources Officer and in other executive positions at Firstsource, Mastek, ITC Ltd, Randstad, Accenture, and Cognizant, Pandey shaped comprehensive global people programs that empowered employees to contribute meaningfully to achieving company business objectives.
  • "I am excited to join Tredence as it continues to strengthen its position, working with global clients across multiple industries as high-impact advisors to address the last-mile challenges with data, analytics, and AI," says Soma Pandey, Chief Human Resources Officer of Tredence.

Builders FirstSource Reports Third Quarter 2023 Results and Updates 2023 Guidance

Retrieved on: 
Wednesday, November 1, 2023

Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the third quarter ended September 30, 2023.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the third quarter ended September 30, 2023.
  • Strong quarter-end balance sheet with liquidity of $1.1 billion and a net debt to LTM Adjusted EBITDA ratio of 1.1x.
  • “Despite industry volatility and macroeconomic headwinds, our resilient third quarter results reflect the strength of our value-added portfolio, broad footprint, and operational initiatives,” commented Dave Rush, CEO of Builders FirstSource.
  • Builders FirstSource will host a conference call and webcast on Wednesday, November 1, 2023, to discuss the Company’s financial results and other business matters.

Firstsource Positioned as a ‘Leader’ and a ‘Star Performer’ in Everest Group Healthcare Payer Operations PEAK Matrix® Assessment 2023

Retrieved on: 
Thursday, October 5, 2023

Firstsource Solutions Limited (NSE: FSL, BSE:532809), a global provider of Business Process Management (BPM) services and an RP-Sanjiv Goenka Group company, was positioned as a ‘Leader’ and a ‘Star Performer’ in Everest Group Healthcare Payer Operations PEAK Matrix® Assessment 2023.

Key Points: 
  • Firstsource Solutions Limited (NSE: FSL, BSE:532809), a global provider of Business Process Management (BPM) services and an RP-Sanjiv Goenka Group company, was positioned as a ‘Leader’ and a ‘Star Performer’ in Everest Group Healthcare Payer Operations PEAK Matrix® Assessment 2023.
  • The Healthcare Payer Operations PEAK Matrix® assessed 29 service providers' overall vision, capability and market impact, classifying Firstsource among nine payer operations as a ‘Leader’, and one of only two as a ‘Star Performer’ for demonstrating the strongest forward and upward movement in 2022 on the PEAK Matrix®.
  • "The healthcare industry is rapidly shifting towards value-based care, driving health plan enterprises to embrace cutting-edge AI solutions for core administrative processes.
  • This has led to increased demand for third-party support to boost innovation and ensure member satisfaction," said Ankur Verma, Vice President at Everest Group.

Builders FirstSource to Host Third Quarter Financial Results Conference Call and Webcast

Retrieved on: 
Wednesday, October 4, 2023

Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host a conference call and webcast on Wednesday, November 1, 2023, to discuss the Company’s financial results and other business matters.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host a conference call and webcast on Wednesday, November 1, 2023, to discuss the Company’s financial results and other business matters.
  • The teleconference will begin at 8:00 a.m. Central Time and will be hosted by Dave Rush, Chief Executive Officer, and Peter Jackson, Chief Financial Officer.
  • To participate in the teleconference, please dial into the call a few minutes before the start time: 800-225-9448 (U.S. and Canada) and 203-518-9708 (international), Conference ID: BLDRQ323.
  • The live webcast and archived replay can also be accessed on the Company's investor relations website at investors.bldr.com under the Events and Presentations section.

Builders FirstSource to Host 2023 Investor Day and High-Speed Truss Facility Tour

Retrieved on: 
Wednesday, September 6, 2023

Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host an Investor Day and High-Speed Truss Facility Tour in Atlanta on Tuesday, December 5, 2023, with presentations beginning at 8:30 a.m. Eastern Time.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the "Company") will host an Investor Day and High-Speed Truss Facility Tour in Atlanta on Tuesday, December 5, 2023, with presentations beginning at 8:30 a.m. Eastern Time.
  • The event will also include multiple Q&A sessions with senior leadership.
  • Due to space limitations, the number of in-person participants is limited, and advanced registration is required.
  • A live webcast will be accessible on https://investors.bldr.com at the time of the event.