The company completed several acquisitions during 2024 for a combined $345.4 million, expanding its market footprint and value-added product categories. On January 2, 2025, they acquired Alpine Lumber Company, and on February 3, 2025, acquired O.C. Cluss Lumber.

Through recent acquisitions, the company has expanded its operational footprint in the multi-family market and the light commercial market, growing value-added components and millwork product offerings in these end markets.

The homebuilding industry continues to consolidate, and the company is focused on maintaining relationships and market share with larger homebuilders while balancing competitive pressures and expanding its custom homebuilder base.

Peter Jackson was appointed as the next President & Chief Executive Officer, effective November 6, 2024, succeeding Dave Rush, who retired. Pete Beckmann was appointed as Chief Financial Officer.

The company emphasizes controlling costs and striving to be a low total-cost building materials supplier, closely managing working capital and operating expenses, and paying careful attention to the logistics function.

The company continues to invest in technology solutions designed to increase the efficiency of the homebuilding process.

The company acknowledges its dependence on the residential homebuilding industry and its exposure to cyclical market pressures, including fluctuations in commodity prices and economic downturns. These factors could adversely affect financial condition, operating results, and cash flows.

The building products supply industry is highly fragmented and competitive, and increased competitive pressure may adversely affect the company's results. Competitive pricing pressure from customers could also impact margins.

The company acknowledges its dependence on information technology systems and the potential for disruptions and cybersecurity breaches, which could expose it to risks of data loss, litigation, and reputational damage. Increasing costs are expected to minimize these risks.

Builders FirstSource acknowledges robust competition from various players, including national dealers, specialty dealers, and home center retailers. Competition is expected to remain robust due to the low cost of entry into the market.

The company believes it has competitive advantages due to long-standing customer relationships, local market knowledge, competitive pricing, superior service, broad product offering, and large-scale procurement capabilities.

The company believes its scale and continuous investments in digital technologies through its Paradigm business uniquely position it to transform the industry through the deployment of digital solutions.

The company continues to focus on standardizing and automating processes and technology-based workflows to minimize costs, streamline operations, and enhance working capital efficiency.

The implementation of supply chain and technology initiatives could disrupt operations, and there is no guarantee that such solutions will be effective or adopted by customers.

The company's large delivery fleet and comprehensive inventory management systems enable it to provide 'just-in-time' product delivery, ensuring a smoother and faster production cycle for the homebuilder.

The company anticipates digitization trends in the home-building industry to continue and has made significant investments in technology solutions to further drive digitization of the home-building industry.

The company's primary enterprise resource planning (ERP) systems are proprietary and have been highly customized by computer programmers, facilitating rapid quoting and order entry.

The company is in the process of implementing a new ERP system intended to transform areas such as manufacturing, supply chain, and financial reporting.

The company announced the board of directors' approval of a share repurchase authorization in the amount of $1.0 billion on August 6, 2024. Under share repurchase programs authorized by the board of directors since August 2021, the Company has repurchased a total of 95.9 million shares of common stock.

On February 29, 2024, the Company completed a private offering of $1.0 billion in aggregate principal amount of 6.375% senior unsecured notes due 2034. The net proceeds were used to repay indebtedness outstanding under the Revolving Facility and for general corporate purposes.

The company expects its 2025 capital expenditures to be in the range of $350 million to $450 million primarily related to rolling stock, equipment, and facility expansion and improvements.

The company is committed to making informed choices that improve corporate governance, financial strength, operational efficiency, environmental stewardship, community engagement, and resource management.

The company strives to have a strong environmental, health, and safety program that focuses on implementing policies and training programs to reduce employee injuries. In 2024, the company reduced its Total Recordable Incident Rate for the ninth consecutive year.

The company strives to foster a culture that encourages collaboration, flexibility, and fairness to enable all team members to contribute to their full potential. The company conducts both in-person and online training to promote a respectful and inclusive environment.

Despite recent tempered market conditions, the company believes the housing industry remains underbuilt and that there are several meaningful trends that indicate U.S. housing demand will continue to be strong over the long-term.

Uncertainty around interest rates and inflation may continue to pressure near-term housing industry demand as homes are less affordable for consumers, investors, and builders.

Economic changes both nationally and locally in the company's markets impact its financial performance. The building products supply industry is subject to cyclical market changes.