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IRVING, Texas - Builders FirstSource, Inc. (NYSE: BLDR), a leading supplier of building materials in the United States with a market capitalization of $12.6 billion, has announced its intention to offer $500 million in unsecured Senior Notes due in 2035. The company stated Monday that the proceeds from the notes offering would be used to repay existing debt under its Asset-Based Lending (ABL) Facility. According to InvestingPro data, the company maintains a healthy current ratio of 1.82, indicating strong ability to meet short-term obligations.
The offering’s completion is contingent on market conditions and other factors, and it is not guaranteed that the terms will be met or that the offering will be successfully completed.
These Senior Notes will not be registered under the Securities Act of 1933 or any state securities laws. As such, they may not be offered or sold in the United States or to U.S. persons unless exempt from registration requirements. The company plans to make the offering available to qualified institutional buyers and non-U.S. persons outside of the United States.
Builders FirstSource, headquartered in Irving, operates in 43 states across the country, with about 595 locations. The company has a significant market presence in 48 of the top 50 and 92 of the top 100 Metropolitan Statistical Areas (MSAs). Its services cater to the professional market segment for new residential construction, repair, and remodeling, offering a range of products from manufacturing and supply to delivery and installation. With annual revenue of $16.2 billion, the company appears undervalued according to InvestingPro Fair Value analysis. Discover more insights and 12 additional ProTips about BLDR with an InvestingPro subscription, including detailed analysis in the comprehensive Pro Research Report.
This announcement comes with the usual caveats for investors, as forward-looking statements are inherently uncertain. The company stresses that actual results or events may differ materially from those projected due to a variety of factors, many of which are beyond the company’s control.
The news of this planned offering is based on a press release statement from Builders FirstSource and does not constitute an offer to sell or a solicitation of an offer to buy the Notes.
In other recent news, Builders FirstSource Inc. reported its first-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an adjusted earnings per share of $1.51, exceeding the projected $1.42. Despite a 6% decrease in net sales year-over-year, the revenue of $3.7 billion slightly surpassed the forecast of $3.67 billion. Builders FirstSource also completed two acquisitions in the first quarter, including Alpine Lumber and OC Plus, with combined prior-year sales of approximately $565 million. Looking ahead, the company has set a net sales target of $16.05-$17.05 billion for 2025, maintaining a cautious outlook amid market volatility. Analysts from Barclays and Goldman Sachs noted the company’s focus on increasing market share and managing margin pressures. The firm continues to prioritize digital sales growth and productivity savings, aiming for $70-$90 million in savings for the year.
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