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September 04, 2015 12:11 AM ET

Building Products

Company Overview of Builders FirstSource, Inc.

Company Overview

Builders FirstSource, Inc. manufactures and supplies structural and related building products for residential new construction primarily in the southern and eastern United States. The company offers prefabricated components, including floor trusses, roof trusses, wall panels, stairs, and engineered wood; and window and door products, such as aluminum and vinyl windows, and pre-hung interior and exterior doors, as well as assembles and distributes interior and exterior door units. It also provides lumber and lumber sheet products comprising dimensional lumber, plywood, and oriented strand board products; millwork products, such as interior trim, exterior trim, columns, and posts under the Syn...

2001 Bryan Street

Suite 1600

Dallas, TX 75201

United States

Founded in 1998

3,800 Employees

Phone:

214-880-3500

Key Executives for Builders FirstSource, Inc.

Chief Executive Officer and Director
Age: 75
Total Annual Compensation: $752.9K
President, Chief Financial Officer, Chief Operating Officer, Principal Accounting Officer and Member of Proxy Committee
Age: 47
Total Annual Compensation: $451.9K
Co-Founder, Senior Vice President, General Counsel, Secretary and Member of Proxy Committee
Age: 60
Total Annual Compensation: $405.0K
Senior Vice President of Operations
Age: 72
Total Annual Compensation: $465.0K
Compensation as of Fiscal Year 2014.

Builders FirstSource, Inc. Key Developments

Builders FirstSource, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Builders FirstSource, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of $461,521,000 against $426,543,000 a year ago. Income from operations was $15,940,000 against $17,354,000 a year ago. Income from continuing operations before income taxes was $3,367,000 against $10,850,000 a year ago. Income from continuing operations was $3,566,000 against $10,620,000 a year ago. Net income was $3,576,000 against $10,609,000 a year ago. Diluted Income per share from continuing operations was $0.03 against $0.09 a year ago. Diluted Income per share was $0.03 against $0.09 a year ago. Adjusted EBITDA was $27,621,000 against $20,358,000 a year ago. Adjusted income from continuing operations was $14,285,000 against $9,442,000 a year ago. Adjusted income from continuing operations per diluted share was $0.14 against $0.09 a year ago. Operating cash flow was $7.7 million compared to negative $13.1 million for the same period last year, the difference largely due to higher working capital build in the second quarter of 2014. Capital expenditures were $5.2 million for the second quarter of 2015, compared to $6.8 million for the same period last year. For the six months, the company reported sales of $832,507,000 against $772,452,000 a year ago. Income from operations was $16,581,000 against $22,788,000 a year ago. Loss from continuing operations before income taxes was $3,596,000 against income from continuing operations before income taxes $7,456,000 a year ago. Loss from continuing operations was $3,596,000 against income from continuing operations of $7,308,000 a year ago. Net loss was $3,494,000 against Net income $7,225,000 a year ago. Diluted loss per share from continuing operations was $0.04 against diluted income per share from continuing operations of $0.07 a year ago. Diluted loss per share was $0.04 against diluted net income per share of $0.07 a year ago. Net cash provided by operating activities was $17,557,000 against $692,000 a year ago. Purchases of property, plant and equipment was $14,331,000 against $12,121,000 a year ago.

Builders FirstSource, Inc. Reports Unaudited Consolidated Earnings Results for the Last Twelve Months Ended March 31, 2015; Provides Earnings Guidance for the Three Months Ended June 30, 2015

Builders FirstSource, Inc. reported unaudited consolidated earnings results for the last twelve months ended March 31, 2015. For the quarter, the company reported sales of $6,112,592,000. Income from operations was $105,806,000. Loss from continuing operations before income taxes was $43,575,000. Loss from continuing operations was $45,650,000. Net loss was $45,894,000. Adjusted net loss was $45,894,000. Combined EBITDA was $226,806,000 and Combined adjusted EBITDA was $391,711,000. The company provided earnings guidance for the three months ended June 30, 2015. The company estimates its net sales for the three months ended June 30, 2015 will be between $455.0 million and $465.0 million, as compared to $426.5 million for the three months ended June 30, 2014. Adjusted EBITDA is estimated to be between $27.1 million and $28.0 million, as compared to $20.4 million for the three months ended June 30, 2014. EBITDA is estimated to be between $19.023 million and $19.963 million, as compared to $19.394 million for the three months ended June 30, 2014.

Builders FirstSource, Inc. Announces Private Offering of $750.0 Million of Senior Unsecured Notes Due 2023

Builders FirstSource, Inc. announced that it intends to offer, in a private offering subject to market and other conditions, $750.0 million aggregate principal amount of senior unsecured notes due 2023 (the "Notes"). The company intends to use the net proceeds from this offering to (i) pay a portion of the consideration for the ProBuild Acquisition, (ii) repay certain of its and ProBuild's existing indebtedness and (iii) pay a portion of the related transaction fees and expenses.

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Type
Date
Target
Merger/Acquisition
April 13, 2015
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February 9, 2015
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