Builders FirstSource to Switch to New York Stock Exchange - Modern Distribution Management

Builders FirstSource to Switch to New York Stock Exchange

Builders FirstSource CEO Flitman says the NYSE is the preferred exchange for the building materials industry.
Builders FirstSource 1Q 2022 earnings

Dallas, Texas-based Builders FirstSource Inc. announced on Tuesday that it’s transferring the listing of its common stock from the Nasdaq Stock Market (Nasdaq) to the New York Stock Exchange (NYSE) effective when the market opens on July 19.

Builders FirstSource will continue trading under its previous Nasdaq ticker symbol “BLDR” after the move over to the New York Stock Exchange. In August of last year, Builders FirstSource Inc. and BMC Stock Holdings Inc. announced they had entered into a definitive merger agreement under which Builders FirstSource and BMC combined in an all-stock merger transaction valued at $2.5 billion.

When it was announced, that deal combined the No. 2 (BLDR) and No. 5 (BMCH) companies on MDM’s 2020 Building & Construction Top Distributors list.

“With the merger of Builders FirstSource and BMC creating the nation’s premier supplier of building materials and services, we felt it was important for our company to be listed on the NYSE, which is the preferred exchange for our industry,” said Builders FirstSource President and CEO Dave Flitman. “The NYSE has a long and established history of listing some of the most respected brands in the world, and as we continue to grow our business, we are excited to be affiliated with this flagship institution.”

Builders FirstSource, which is now ranked No. 1 on MDM’s Top Distributors Building & Construction list, announced recently that it was spending $450 million in cash to acquire WTS Paradigm LLC. WTS is a software solutions and services provider for the building products industry.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!