DALLAS, Sept. 09, 2021 (Globe NEWSWIRE) — Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the “Company”), today introduced it acquired Apollo software program property from design technologies startup Katerra in an about $4.5 million transaction. The Apollo platform gives structure collaboration and workflow, construction budgeting and scheduling, and subject job assignment with cellular performance. The acquisition aligns with Builders FirstSource’s digital method to deal with inefficiencies in the property constructing system and complements the Company’s modern acquisition of WTS Paradigm, LLC (“Paradigm”).
“We are nicely-positioned to guide the electronic transformation in house development, which considerably lags driving other industries in the software of engineering to travel efficiency,” reported Dave Flitman, President and CEO of Builders FirstSource. “Our digital strategy focuses on how we can make our customers’ businesses greater by shortening undertaking timelines and reducing squander. The Paradigm acquisition supplied the Business with a significant entry position and the skill to be a chief in full-household design. The Apollo software builds upon that basis, giving capabilities and operation that will aid us streamline the design procedure. We search ahead to top the development marketplace into a new age of technological innovation and efficiency.”
About Builders FirstSource Headquartered in Dallas, Texas, Builders FirstSource is the largest U.S. supplier of making products and solutions, prefabricated elements and price-added solutions to the expert market place phase for new residential construction and mend and reworking. We give shoppers an integrated homebuilding solution, supplying manufacturing, supply, delivery and set up of a total vary of structural and connected constructing products and solutions. We run in 39 states with around 550 spots and services consumers in 84 of the major 100 Metropolitan Statistical Parts, offering geographic variety and balanced end sector exposure. We service clients from strategically found distribution and manufacturing facilities (specific of which are co-positioned) that make price-included solutions these types of as roof and floor trusses, wall panels, stairs, vinyl windows, customized millwork and pre-hung doors. Builders FirstSource also distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other making items. For much more information and facts about Builders FirstSource, go to the Company’s website at www.bldr.com.
Ahead-Seeking Statements Statements in this news release and the schedules hereto that are not purely historic specifics or that essentially depend on future functions, together with statements about anticipated market share gains, forecasted financial functionality or other statements about anticipations, beliefs, anticipations, hopes, synergies, intentions or methods for the upcoming, may well be forward-searching statements inside of the indicating of Area 21E of the Securities Exchange Act of 1934, as amended. Readers are cautioned not to spot undue reliance on ahead-wanting statements. In addition, oral statements created by our directors, officers and personnel to the trader and analyst communities, media reps and other individuals, relying upon their character, may well also constitute ahead-hunting statements. As with the ahead-hunting statements involved in this launch, these forward-hunting statements are by character inherently uncertain, and actual success may perhaps vary materially as a outcome of numerous variables. All ahead-hunting statements are dependent upon information available to Builders FirstSource, Inc. on the day this launch was submitted. Builders FirstSource, Inc. undertakes no obligation to publicly update or revise any forward-on the lookout statements, whether as a result of new details, future occasions or otherwise. Any ahead-seeking statements include challenges and uncertainties that could lead to real gatherings or results to vary materially from the functions or effects explained in the forward-seeking statements, together with pitfalls or uncertainties similar to the recent novel coronavirus ailment 2019 (also recognised as “COVID-19”) pandemic, the Company’s merger with BMC and other acquisitions, the Company’s development techniques or the Company’s revenues and running effects remaining really dependent on, among the other issues, the homebuilding sector, lumber costs and the overall economy. Builders FirstSource, Inc. could not thrive in addressing these and other pitfalls. Even further facts pertaining to factors that could affect our economic and other outcomes can be observed in the hazard variables segment of Builders FirstSource, Inc.’s most new annual report on Sort 10-K submitted with the Securities and Exchange Commission (the “SEC”) and in the other reviews filed by the Business with the SEC. For that reason, all ahead-searching statements in this launch are competent by the variables, challenges and uncertainties contained therein.
Investor Contact Michael Neese SVP, Investor Relations Builders FirstSource, Inc. (214) 765-3804
Media Make contact with ICR for Builders FirstSource [email protected]
Source: Builders FirstSource, Inc.
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