Builders FirstSource (BLDR) PT Lowered to $178 at RBC Capital
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Builders FirstSource Reports Second Quarter 2024 Results
August 6, 2024 7:00 AM EDTIRVING, Texas--(BUSINESS WIRE)-- Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the second quarter ended June 30, 2024.
Second Quarter 2024 Highlights
All Year-Over-Year Comparisons Unless Otherwise Noted:
Builders FirstSource Authorizes $1 Billion Share Repurchase Plan
August 6, 2024 7:00 AM EDTIRVING, 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
