Builders FirstSource

BLDR

Builders FirstSource, Inc. (NASDAQ: BLDR) is a Fortune 500 company that is a manufacturer and supplier of building materials. The company is headquartered in Dallas, Texas, and is the largest supplier of building products, prefabricated components and value-added services in the US. Builders FirstSource employs over 15,000 people throughout the USA. They serve new residential construction, repair and remodeling professionals. The company was incorporated in March 1998. The company has about 400 locations in 39 US states.ProBuild Acquisition In 2015, Builders FirstSource acquired ProBuild. This acquisition resulted in a combined entity with $6.1 billion in combined 2014 revenue. 2018 revenue of the combined company was $7.7 Billion.Other Acquisitions In January 2020, Builders FirstSource acquired Bianchi & Company, Inc, a millwork supplier and install company located in Charlotte, North Carolina. In December 2019, Builders FirstSource acquired Raney Components, LLC and Raney Construction, Inc, located in Groveland, Florida.

Builders FirstSource has been a target of short sellers for a while. The current short interest of 7.28% is roughly at the average of the last 12 months (6.10%).