Builders FirstSource Management

Management criteria checks 2/4

Builders FirstSource's CEO is Dave Rush, appointed in Nov 2022, has a tenure of 1.42 years. total yearly compensation is $8.11M, comprised of 12.3% salary and 87.7% bonuses, including company stock and options. directly owns 0.094% of the company’s shares, worth €20.12M. The average tenure of the management team and the board of directors is 3.3 years and 4.5 years respectively.

Key information

Dave Rush

Chief executive officer

US$8.1m

Total compensation

CEO salary percentage	12.3%
CEO tenure	1.4yrs
CEO ownership	0.09%
Management average tenure	3.3yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Rush's remuneration changed compared to Builders FirstSource's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$8m	US$1m	US$2b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$2m	US$587k	US$3b
Sep 30 2022	n/a	n/a	US$3b
Jun 30 2022	n/a	n/a	US$3b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$5m	US$525k	US$2b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$896m
Mar 31 2021	n/a	n/a	US$477m
Dec 31 2020	US$2m	US$472k	US$314m
Sep 30 2020	n/a	n/a	US$215m
Jun 30 2020	n/a	n/a	US$207m
Mar 31 2020	n/a	n/a	US$195m
Dec 31 2019	US$1m	US$450k	US$222m
Sep 30 2019	n/a	n/a	US$232m
Jun 30 2019	n/a	n/a	US$228m
Mar 31 2019	n/a	n/a	US$218m
Dec 31 2018	US$1m	US$372k	US$205m

Compensation vs Market: Dave's total compensation ($USD8.11M) is above average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Dave's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Dave Rush (60 yo)

1.4yrs

Tenure

US$8,105,991

Compensation

Mr. David E. Rush, also known as Dave, serves as the Chief Executive Officer of Builders FirstSource, Inc. since January 10, 2023 and its Director since 2022. Mr. Rush is the President of Builders FirstSou...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Rush	CEO, President & Director	1.4yrs	US$8.11m	0.094% $ 20.1m
Peter Jackson	Executive VP & CFO	7.4yrs	US$3.59m	0.14% $ 30.1m
Stephen Herron	Chief Operating Officer	1.1yrs	US$3.73m	0.048% $ 10.3m
Timothy Johnson	Executive VP	3.3yrs	US$3.33m	0.035% $ 7.5m
Scott Robins	President of West Division	6.2yrs	US$2.74m	0.087% $ 18.7m
Jami Coulter	Senior VP & Chief Accounting Officer	8.6yrs	no data	0.042% $ 9.1m
Heather Kos	Senior Vice President of Investor Relations	no data	no data	no data
Amy Messersmith	Chief People Officer	2.1yrs	no data	0.0060% $ 1.3m
Tim Page	Executive Vice President of Digital Solutions	no data	no data	no data
Michael Farmer	President of Commercial Operations	3.3yrs	US$3.23m	0.036% $ 7.6m
Michael Hiller	President of Central Division	3.3yrs	US$3.40m	0.012% $ 2.6m
Thomas Barnes	Executive Vice President of Sourcing & Supply Chain	no data	no data	no data

3.3yrs

Average Tenure

51yo

Average Age

Experienced Management: B1F's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Rush	CEO, President & Director	no data	US$8.11m	0.094% $ 20.1m
Dirkson Charles	Independent Director	1.8yrs	US$294.81k	0.0042% $ 898.7k
Mark Alexander	Independent Director	3.3yrs	US$294.81k	0.032% $ 6.8m
Cleveland Christophe	Independent Director	18.6yrs	US$314.97k	0.033% $ 7.1m
Paul Levy	Independent Chairman of the Board	26.3yrs	US$427.19k	0.96% $ 205.0m
Brett Milgrim	Independent Director	25.3yrs	US$294.81k	0.062% $ 13.2m
James O'Leary	Independent Director	3.3yrs	US$294.81k	0.067% $ 14.3m
Cory Boydston	Independent Director	3.3yrs	US$294.81k	0.014% $ 3.1m
Craig Steinke	Independent Director	17.8yrs	US$312.20k	0.10% $ 21.5m
William Hayes	Independent Director	4.5yrs	US$319.76k	0.020% $ 4.3m

4.5yrs

Average Tenure

62yo

Average Age

Experienced Board: B1F's board of directors are considered experienced (4.5 years average tenure).

Builders FirstSource Management

Management criteria checks 2/4

Key information

Recent management updates

Builders FirstSource, Inc., Annual General Meeting, Jun 04, 2024

Independent Director recently sold €3.2m worth of stock

Insufficient new directors

President of Central Division recently sold €1.0m worth of stock

President of Commercial Operations recently sold €1.2m worth of stock

High number of new directors

Recent updates

Builders FirstSource, Inc., Annual General Meeting, Jun 04, 2024

Now 20% undervalued

Independent Director recently sold €3.2m worth of stock

Full year 2023 earnings released: EPS: US$12.06 (vs US$16.98 in FY 2022)

Builders Firstsource, Inc. Provides Earnings Guidance for the Year of 2024

Now 23% overvalued after recent price rise

Insufficient new directors

Builders FirstSource, Inc. (NYSE:BLDR) acquired Encore Performance, LLC.

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released: EPS: US$3.62 (vs US$4.75 in 3Q 2022)

Builders Firstsource, Inc. Provides Earnings Outlook for the Year 2023

President of Central Division recently sold €1.0m worth of stock

Second quarter 2023 earnings released: EPS: US$3.19 (vs US$5.79 in 2Q 2022)

Builders Firstsource, Inc. Provides Earnings Outlook for the Year 2023

President of Commercial Operations recently sold €1.2m worth of stock

Investor sentiment improves as stock rises 19%

Builders FirstSource, Inc. (NYSE:BLDR) announces an Equity Buyback for $1,000 million worth of its shares.

First quarter 2023 earnings released: EPS: US$2.44 (vs US$3.61 in 1Q 2022)

High number of new directors

Full year 2022 earnings released: EPS: US$16.98 (vs US$8.55 in FY 2021)

Builders FirstSource, Inc. Appoints Dave Rush as Chief Executive Officer

Builders FirstSource, Inc. Announces Executive Changes

Third quarter 2022 earnings released: EPS: US$4.75 (vs US$3.00 in 3Q 2021)

Builders FirstSource, Inc. (NYSE:BLDR) acquired Fulcrum Building Group, Inc.

Builders FirstSource, Inc. to Report Q3, 2022 Results on Nov 08, 2022

Builders FirstSource, Inc. (NYSE:BLDR) acquired Trussway Manufacturing, LLC.

Senior VP & Chief Accounting Officer recently sold €251k worth of stock

Second quarter 2022 earnings released: EPS: US$5.79 (vs US$2.40 in 2Q 2021)

Builders FirstSource, Inc. (NYSE:BLDR) acquired HomCo Lumber and Hardware.

High number of new directors

Builders FirstSource, Inc. to Report Q2, 2022 Results on Aug 01, 2022

Investor sentiment improved over the past week

High number of new directors

Insider recently sold €1.9m worth of stock

Investor sentiment deteriorated over the past week

Builders FirstSource, Inc. Announces Election of Charles Dirkson as Director

Builders FirstSource, Inc. (NYSE:BLDR) announces an Equity Buyback for $2,000 million worth of its shares.

First quarter 2022 earnings released: EPS: US$3.61 (vs US$0.83 in 1Q 2021)

Builders FirstSource, Inc. to Report Q1, 2022 Results on May 10, 2022

Builders FirstSource, Inc. (NYSE:BLDR) acquired Valley Truss Co., Inc.

Builders FirstSource, Inc. Appoints Amy Bass Messersmith as Chief People Officer, Effective March 14, 2022

Director recently sold €2.1m worth of stock

Builders FirstSource, Inc. Revenue Earnings Guidance for 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Builders FirstSource, Inc. (NYSE:BLDR) announces an Equity Buyback for $1,000 million worth of its shares.

Builders FirstSource, Inc. to Report Q4, 2021 Results on Mar 01, 2022

Builders FirstSource, Inc. (NYSE:BLDR) acquired National Lumber Company from Kaitz family for approximately $280 million.

Builders FirstSource, Inc. (NYSE:BLDR) acquired Truss Technologies, Inc. for $30 million.

Third quarter 2021 earnings released: EPS US$3.00 (vs US$0.74 in 3Q 2020)

Investor sentiment improved over the past week

Builders FirstSource, Inc. (NYSE:BLDR) acquired California Trusframe, LLC for approximately $180 million.

Insider recently sold €424k worth of stock

Builders FirstSource, Inc. (NasdaqGS:BLDR) completed the acquisition of WTS Paradigm, LLC.

Builders FirstSource, Inc. (NYSE:BLDR) announces an Equity Buyback for $1,000 million worth of its shares.

Second quarter 2021 earnings released: EPS US$2.40 (vs US$0.68 in 2Q 2020)

Builders FirstSource, Inc. (NasdaqGS:BLDR) agreed to acquire WTS Paradigm, LLC for approximately $450 million.

Builders FirstSource, Inc.(NasdaqGS:BLDR) dropped from Russell 3000 Growth Index

Builders FirstSource, Inc. entered into a definitive agreement to acquire Cornerstone Building Alliance SW, LLC for $400 million.

Builders FirstSource, Inc. (NasdaqGS:BLDR) acquired John's Lumber & Hardware Company from family for $24.9 million.

Builders FirstSource, Inc. Provides Earnings Guidance for the Year 2021

First quarter 2021 earnings released: EPS US$0.83 (vs US$0.075 in 1Q 2020)

Insider recently sold €290k worth of stock

Full year 2020 earnings released: EPS US$2.69 (vs US$1.92 in FY 2019)

Revenue beats expectations

Builders FirstSource, Inc. Announces CEO Changes, Effective April 1, 2021

New 90-day high: €36.00

New 90-day high: €35.20

Builders FirstSource, Inc. to Report Q4, 2020 Results on Feb 26, 2021

Builders FirstSource, Inc. Announces Management Changes