Mortgage rates are finally retreating off highs retreating to as low as 4.75% according to Freddie Mac’s Primary Mortgage Market Survey. This retreat should prove to be impactful on the housing market in the upcoming year. Home buyers should enter into 2019 with a renewed sense of confidence with the decline of interest rates as […]
BFS COVID-19 Update
From the Desk of Chad Crow, CEO of Builders FirstSource March 17, 2020 Dear Valued Customers, Our number one priority is the safety and well-being our Team Members, customers and supplier partners as we navigate the global COVID-19 pandemic. We want to share with you some of the steps we are taking to protect the […]
Builders FirstSource Announces Completion of Planned CEO Transition
Dave Flitman succeeds Chad Crow following planned retirement and transition after completion of BMC merger DALLAS, April 01, 2021 (GLOBE NEWSWIRE) — Builders FirstSource, Inc. (Nasdaq: BLDR) (“Builders FirstSource”) announced today that Dave Flitman has been appointed chief executive officer. The planned transition of the CEO role is taking place 90 days after Builders FirstSource […]
Builders FirstSource Swings to a Profit
Builders FirstSource reported big profits in the fourth quarter and full year. The Dallas-based pro dealer, with operations in 39 states, posted a fourth quarter net income of $52 million — a huge swing from a net loss of $42.7 million in the fourth quarter 2017. For the full year, BFS reported a net income […]
Builders FirstSource to Combine with BMC Stock Holdings, Creating the Nation’s Premier Supplier of Building Materials and Services
August 27, 2020 at 6:30 AM EDT PDF Version Combined Company Will Deliver a Full Suite of Products, Services and Solutions Nationally with Over $11 Billion in Annual Sales Expands Geographic Reach and Value-added Offerings, Accelerating Customer-centric Growth Strategy Anticipates Annual Cost Synergies of $130 Million to $150 Million by Year Three Accretive to Adjusted […]