Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, March 15, 2024

Article Excerpt

BUILDERS FIRSTSOURCE INC., $195.49, symbol BLDR on NYSE, is the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. The company makes products such as roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork, and pre-hung doors. Builders FirstSource also distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other specialty building products. Headquartered in Irving, Texas, Builders FirstSource services customers from 570 distribution and manufacturing locations across the U.S. In the three months ended December 31, 2023, the company’s revenue fell 4.7%, to $4.15 billion from $4.36 billion a year earlier. Sales were lower due to a 5% decrease in prices because of reduced demand from its customers. Excluding one-time items, the company earned $439.3 million in the quarter. That was down 6.7% from $470.8 million. However, per-share earnings increased by 10.5%, to $3.58 from $3.24, on significantly fewer shares outstanding. The…