BMC Stock Holdings, Inc. (BMCH) Provides Business Update Regarding COVID-19

BMC Stock Holdings, Inc. (Nasdaq: BMCH), one of the leading providers of diversified building products, services and innovative solutions in the U.S. construction market, today announced business and financial updates in response to the coronavirus disease 2019 (COVID-19) pandemic.

“At BMC, we are focused on supporting our associates, customers, partners and communities during this unprecedented time,” said Dave Flitman, President and CEO of BMC. “Due to the rapidly evolving nature and continued uncertainty surrounding COVID-19, we are taking actions to maintain the safety of our associates and increase our Company’s financial flexibility, including borrowing on our revolving credit facility and temporarily suspending our share repurchase program, while actively reducing our operating expenses and capital expenditures. While we cannot predict how long the COVID-19 pandemic will last, I am confident that these actions, combined with our unwavering commitment to safety, our differentiated business model and our financial strength will position us to navigate through this challenging period.”

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