Builders FirstSource Acquires John’s Lumber, Gaining Distribution in Another Top 50 MSA and Scale That Will Benefit Existing Operations Throughout Michigan
May 07, 2021 13:00 ET | Source: Builders FirstSource, Inc. Builders FirstSource, Inc. Dallas, Texas, UNITED STATES
DALLAS, May 07, 2021 (GLOBE NEWSWIRE) Builders FirstSource, Inc. (Nasdaq: BLDR), the largest supplier of building products, prefabricated components and value-added services in the United States, today announced it has purchased the assets of John’s Lumber. John’s Lumber operates two locations serving the greater Detroit metropolitan statistical area (MSA), the No. 41 ranked single-family housing market in the country and home to nearly half the starts completed in the state of Michigan annually.
Record Adjusted EBITDA & Adjusted EBITDA Margin
BMC Integration and Cost Savings Ahead of Plan
Acquired John’s Lumber, Premier Building Distributor Serving Michigan
DALLAS, May 06, 2021 (GLOBE NEWSWIRE)
Builders FirstSource, Inc. (Nasdaq: BLDR) today reported its results for the first quarter ended March 31, 2021. In January 2021, the Company closed the BMC all-stock merger creating the nation’s premier supplier of building materials and services.
First Quarter 2021 BFS Highlights (includes BMC in Q1 2021 and not in Q1 2020)
All Year-Over-Year Comparisons Unless Otherwise Noted:
Net sales of $4.2 billion for the quarter increased 133.6% driven by the merger with BMC, commodity inflation, and strong organic growth
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by The Associated Press
Last Updated May 6, 2021 at 4:28 pm EDT
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Apple Inc (AAPL) - 994,364 shares, 4.82% of the total portfolio. Shares reduced by 1.38%
Microsoft Corp (MSFT) - 475,247 shares, 4.45% of the total portfolio. Shares reduced by 0.79%
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