PODCAST: Peter Jackson of Builders FirstSource on the Housing Market and Company Strategy
Chris Versace talks with the CFO of the largest U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment.
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On this edition of TheStreet Pro Podcast, Chris Versace is joined by Peter Jackson, CFO of Builders FirstSource BLDR, a stock currently in the Portfolio's Bullpen.
The conversation starts with some thoughts on the domestic housing market, which accounts for more than 80% of Builders' business mix, and turns quickly to the single-family housing market. That economic engine drives roughly 70% of the company's business and Builders sees it rising in the mid-single digits.
The discussion then shifts to the expanding and higher-margin Value Add business and how that ties into the company’s digital strategy, one that aims to reduce pain points for homebuilders ranging from large public companies to smaller, regional players, and a growing dollar share for Builders.
Members looking for more information on Builders FirstSource may want to visit the company’s Investor Relations website and its latest investor presentation.
