Builders FirstSource acquires two Las Vegas millwork companies

Published 01/10/2025, 21:26
Builders FirstSource acquires two Las Vegas millwork companies

IRVING, Texas - Builders FirstSource, Inc. (NYSE:BLDR) announced Wednesday it has acquired two Las Vegas-area companies, Builder’s Door & Trim and Rystin Construction, in a move to expand its millwork capabilities in the Nevada market.

The two acquired companies had combined trailing twelve-month sales of approximately $48 million as of June 30, 2025, according to a company press release. This acquisition adds to Builders FirstSource’s substantial revenue base, which InvestingPro data shows reached nearly $16 billion in the last twelve months.

Peter Jackson, President and CEO of Builders FirstSource, said the acquisitions "fill a critical gap" as the company previously had no millwork operations in the Las Vegas region. The purchases align with the company’s strategy to invest in opportunities that expand its value-added product offerings in key geographic markets.

The acquired businesses specialize in turnkey millwork solutions for the construction industry. Builders FirstSource did not disclose the financial terms of the transactions.

Builders FirstSource describes itself as the largest U.S. supplier of building products, prefabricated components, and value-added services for new residential construction and repair and remodeling projects. The company operates in 43 states with approximately 585 locations and maintains a presence in 48 of the top 50 Metropolitan Statistical Areas across the country.

The Texas-based company provides manufacturing, supply, delivery, and installation services for structural and related building products, including roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork, and pre-hung doors.

In other recent news, Builders FirstSource reported its Q2 2025 earnings, which showed a mixed performance. The company exceeded earnings per share (EPS) expectations with $2.38, higher than the forecasted $2.25. However, it fell short on revenue, reporting $4.23 billion compared to the anticipated $4.27 billion. In addition to its financial results, Builders FirstSource announced its dual-listing on NYSE Texas while maintaining its primary listing on the New York Stock Exchange. This move makes the company one of the founding members of the new electronic equities exchange. Meanwhile, DA Davidson has lowered its price target for Builders FirstSource to $125.00 from $135.00, citing demand pressures but maintaining a Neutral rating. Similarly, Barclays adjusted its price target to $135.00 from $137.00 due to cyclical volume pressures, while keeping an Overweight rating. These developments reflect ongoing challenges and strategic shifts for Builders FirstSource.

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