Builders FirstSource (BLDR) Announces $1B Share Buyback

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Go back to Builders FirstSource (BLDR) Announces $1B Share Buyback

Builders FirstSource Authorizes $1 Billion Share Repurchase Plan

August 6, 2024 7:00 AM EDT

IRVING, Texas--(BUSINESS WIRE)-- Builders FirstSource, Inc. (NYSE: BLDR) announced that on August 5, 2024, its Board of Directors authorized the repurchase of up to $1.0 billion of the Companys outstanding shares of common stock.

After completing nearly $1 billion of share repurchases in the second quarter, the Boards announcement of a new share repurchase authorization reflects our strong conviction in the Companys strategy, operating model, and fortress balance sheet underpinned by robust free cash flow generation, especially considering our confidence in the strength of the housing industry due to being underbuilt and... More