In the first quarter and second quarter of 2022, year-over-year growth topped 36.1% and 24.2%, respectively.
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Builders FirstSource ranked No. 1 among Building Materials/Construction Distributors in MDM's 2022 Top Distributor List.
Core organic sales comprised half of the distributors' 24% sales growth year-over-year.
The company still has plenty of capital left in its 2022 M&A budget, and underlying growth has it targeting accelerated revenue growth.
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The distributor reported 2022 first-quarter net sales of $5.7 billion, while net income grew 270.6% to $639.6 million.
The distributor announced that Amy Bass Messersmith will be joining Builders FirstSource's executive team effective March 14.
Year-end reports of publicly traded distributors support Q4 Baird-MDM Quarterly Industrial Distribution Survey results. Public company commentary remains optimistic for strong year.
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The distributor’s 2021 yearly net sales reached nearly $20 billion, while fourth-quarter net sales reached $4.6 billion.
The building materials distributor says its board of directors has authorized the company to repurchase $1 billion of its common shares.
The building materials distributor completed its acquisition of the largest independent building materials supplier in New England.
For the third quarter of 2021, the building materials distributor reported net sales of $5.5 billion and net income of $613.1 million.
The digital move complements the building distributor’s June acquisition of software provider WTS Paradigm.
Builders FirstSource CEO: The move will “strengthen our broad portfolio of industry-leading solutions and valued-added products.”
With the deal completed, Builders FirstSource said Paradigm will operate as an independent business going forward.
Builders FirstSource CEO and President Flitman said the stock repurchase plan underpins the company’s confidence in its balance sheet and strong cash flow generation.
Dallas-based building materials distributor Builders FirstSource, still riding the momentum of its merger with BMC Stock Holdings, reported another strong quarter.
The transaction, announced earlier this month, “supports L&W Supply’s overall growth strategy,” according to the company’s president.
The Dallas-based building materials giant is unloading the business to L&W Supply for an undisclosed amount.
Builders FirstSource CEO Flitman says the NYSE is the preferred exchange for the building materials industry.
The building materials behemoth dropped a sizable pile of cash on a software provider as the distributor doubles down on its digital capabilities.
