Builders FirstSource (BLDR) Announces $1B Share Buyback

Builders FirstSource, Inc. (NYSE: BLDR), the nation's premier supplier of building materials and services, today announced that the Board has authorized the Company to repurchase an additional $1 billion of its common shares.

Dave Flitman, President and CEO of Builders FirstSource commented, “We believe we have the right strategy for our company and today’s announcement underscores the confidence the management team and our Board of Directors has in our ability to continue to execute it well into the future. This additional authorization brings the combined share repurchase programs to $2 billion, which reflects the strong cash generation and financial strength of our business and further reinforces our commitment to shareholder value creation.”

With approximately $147 million remaining in our previous authorization, this additional authorization provides a total repurchase capacity of approximately $1.147 billion.

The timing and amount of any share repurchases under the share repurchase program will be determined by Builders FirstSource’s management at its discretion based on ongoing assessments of the capital needs of the business, the market price of Builders FirstSource’s common stock and general market conditions. Share repurchases under the program may be made through a variety of methods, which may include open market purchases, in block trades, accelerated share repurchase transactions, trading plans in accordance with Rule 10b-5 or Rule 10b-18 under the Exchange Act, or any combination of such methods. The program does not obligate Builders FirstSource to acquire any particular amount of its common stock, and the share repurchase program may be suspended or discontinued at any time at the Company’s discretion.About Builders FirstSource

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