Builders FirstSource Plans $1B Stock Buyback

August 12, 2021 9:23 AM | 24 seconds read |

Builders FirstSource, Inc. BLDR has authorized a share repurchase plan of up to $1 billion of its common stock.
As of August 11, 2021, the company had ~$417 million cash on hand, consistent with recent guidance of $1.4 billion - $1.6 billion of free cash flow in 2021.
Price Action: BLDR shares are trading higher by 3.50% at $52.00 during the premarket session on Thursday.

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