BMC Stock Holdings, Inc. To Present at Baird 2020 Virtual Global Consumer, Technology & Services Conference
02 Juin 2020 - 1:00PM
BMC Stock Holdings, Inc. (Nasdaq: BMCH) (“BMC” or the “Company”),
one of the nation’s leading providers of diversified building
materials and solutions to new construction builders and
professional remodelers in the U.S., announced today that it will
hold virtual investor meetings on June 2, 2020 at Baird’s 2020
Virtual Global Consumer, Technology & Services
Conference. A copy of the materials to be used at these
meetings can be accessed at ir.buildwithbmc.com.
“We now believe our 2020 second quarter net sales outlook is
estimated to be flat to down 5% compared to the second quarter of
2019 and versus our previously announced outlook of down 7% to
15%,” said Dave Flitman, President and CEO of BMC. “The
near-term backlog of activity in the states that had previously
curtailed new home construction across our geographic footprint
coupled with our team’s continued strong execution of our growth
strategies has driven our improved outlook for the quarter.
We came into this year with very strong underlying momentum in our
business so, as the economy recovers, we believe we are well
positioned for continued growth for many years to come.”
About BMC Stock Holdings,
Inc.
With $3.6 billion in 2019 net sales, BMC is one
of the nation’s leading providers of diversified building materials
and solutions to new construction builders and professional
remodelers in the U.S. Headquartered in Raleigh, North
Carolina, the Company's comprehensive portfolio of products and
services spans building materials, including millwork and
structural component manufacturing capabilities, consultative
showrooms and design centers, value-added installation management
and an innovative eBusiness platform. BMC serves 45
metropolitan areas across 18 states, principally in the South and
West regions.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements in this
document may include, without limitation, statements regarding
sales growth, price changes, earnings performance, strategic
direction and the demand for our products. Forward-looking
statements are typically identified by words or phrases such as
“may,” “might,” “predict,” “future,” “seek to,” “assume,” “goal,”
“objective,” “continue,” “will,” “could,” “should,” “would,”
“anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,”
“believe,” “target,” “prospects,” “guidance,” “possible,”
“predict,” “propose,” “potential” and “forecast,” or the negative
of such terms and other words, terms and phrases of similar
meaning. Forward-looking statements involve estimates,
expectations, projections, goals, forecasts, assumptions, risks and
uncertainties, many of which are outside BMC’s control. BMC
cautions readers that any forward-looking statement is not a
guarantee of future performance and that actual results could
differ materially from those contained in the forward-looking
statement; therefore, investors and shareholders should not place
undue reliance on such statement. There are a number of risks
and uncertainties that could cause actual results to differ
materially from the forward-looking statements included in this
communication, and many of these risks and uncertainties are, and
may continue to be, amplified by the COVID-19 pandemic.
A number of important factors could cause actual
results to differ materially from those indicated by
forward-looking statements. These factors include without
limitation:
- the impact of the COVID-19 pandemic on our business operations
and on local, national and global economies;
- the state of the homebuilding industry and repair and
remodeling activity, the economy and the credit markets;
- fluctuation of commodity prices and prices of our products as a
result of national and international economic and other
conditions;
- the impact of potential changes in our customer or product
sales mix;
- our concentration of business in the Texas, California and
Georgia markets;
- the potential loss of significant customers or a reduction in
the quantity of products they purchase;
- seasonality and cyclicality of the building products supply and
services industry;
- competitive industry pressures and competitive pricing pressure
from our customers and competitors;
- our exposure to product liability, warranty, casualty,
construction defect, contract, tort, employment and other claims
and legal proceedings;
- our ability to maintain profitability and positive cash
flows;
- our ability to retain our key employees and to attract and
retain new qualified employees, while controlling our labor
costs;
- product shortages, loss of key suppliers or failure to develop
relationships with qualified suppliers, and our dependence on
third-party suppliers and manufacturers;
- the implementation of our supply chain and technology
initiatives;
- the impact of long-term noncancellable leases at our
facilities;
- our ability to effectively manage inventory and working
capital;
- the credit risk from our customers;
- our ability to identify or respond effectively to consumer
needs, expectations, market conditions or trends;
- our ability to successfully implement our growth strategy;
- the impact of federal, state, local and other laws and
regulations;
- the impact of changes in legislation and government
policy;
- the impact of unexpected changes in our tax provisions and
adoption of new tax legislation;
- our ability to utilize our net operating loss
carryforwards;
- natural or man-made disruptions to our distribution and
manufacturing facilities;
- our exposure to environmental liabilities and subjection to
environmental laws and regulation;
- the impact of health and safety laws and regulations;
- the impact of disruptions to our information technology
systems;
- cybersecurity risks;
- our exposure to losses if our insurance coverage is
insufficient;
- our ability to operate on multiple Enterprise Resource Planning
(“ERP”) information systems and convert multiple systems to a
single system;
- the impact of our indebtedness;
- the impact of the various financial covenants in our secured
credit agreement and senior secured notes indenture; and
- other factors discussed or referred to in the “Risk Factors”
section of BMC's most recent Annual Report on Form 10-K filed with
the SEC on February 27, 2020 as supplemented in our Quarterly
Report on Form 10-Q for the quarter ended March 31, 2020.
All such factors are difficult to predict and
are beyond BMC’s control. All forward-looking statements
attributable to BMC or persons acting on BMC’s behalf are expressly
qualified in their entirety by the foregoing cautionary
statements. All such statements speak only as of the date
made, and BMC undertakes no obligation to update or revise publicly
any forward-looking statements, whether as a result of new
information, future events or otherwise, unless otherwise required
by law.
Investor Relations ContactBMC Stock Holdings,
Inc.Michael Neese(919) 431-1796
BMC Stock (NASDAQ:BMCH)
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