Builders FirstSource Appoints Mike Hiller as Chief Operating Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Builders FirstSource announced that as part of a planned leadership transition, Mike Hiller has been appointed Chief Operating Officer-Designate, succeeding Steve Herron, who will retire on December 31, 2026. "This succession plan reflects both the bench depth of quality leadership within our company and our ability to attract top talent from outside our industry," said Peter Jackson, CEO of Builders FirstSource. "The timeline will support a smooth transition for our team members, enabling them to stay focused on providing our customers with best-in-class service." Coley O'Brien has been appointed Chief Human Resources Officer, succeeding Hiller in leading the Company's human resources functions.
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Analyst Views on BLDR
Wall Street analysts forecast BLDR stock price to rise
14 Analyst Rating
6 Buy
7 Hold
1 Sell
Moderate Buy
Current: 73.860
Low
109.41
Averages
124.28
High
150.00
Current: 73.860
Low
109.41
Averages
124.28
High
150.00
About BLDR
Builders FirstSource, Inc. is a supplier of building products, prefabricated components, and value-added services to the professional market segment for new residential construction and repair and remodeling. It provides customers with an integrated homebuilding solution, offering manufacturing, supply, delivery and installation of a full range of structural and related building products. Its product categories include Manufactured Products; Windows, Doors and Millwork; Specialty Building Products and Services, and Lumber and Lumber Sheet Goods. It serves customers from distribution and manufacturing facilities (some of which are co-located) that produce value-added products such as roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork and pre-hung doors. It also distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other specialty building products. It operates in 43 states with approximately 585 locations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- New COO Appointment: The company appointed Mike Hiller as COO-designate to succeed Herron; Hiller, who previously served as Chief Talent Officer and President of the Central Division post-merger with BMC Stock Holdings, reflects the company's commitment to internal talent development.
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See More
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- Risks in Small-Cap Investments: While the small-cap market presents opportunities, the lack of reliable analyst price targets creates a high-risk, high-reward environment, prompting investors to consider stocks with better potential to mitigate risks.
See More
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- Oil Price Plunge: Crude oil prices fell by over 5% due to hopes for an end to the Iran conflict, which not only lowered inflation expectations but also caused the 10-year Treasury yield to drop by 10 basis points to 4.57%, providing support for the bond market.
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See More
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- Investment Strategy and Yield: By holding hundreds of mature, profitable mid-cap companies, VO offers a distribution yield of approximately 1.5%, and although its yield is relatively modest, its growth potential and ability to smooth market volatility make it an effective addition to investment portfolios.
- Market Allocation Recommendation: Investors are advised to allocate 10% to 15% of their equity portfolios to VO, corresponding to $30,000 to $45,000 within a standard $300,000 equity portfolio, to achieve explicit exposure to the mid-cap market, despite its underperformance relative to large caps over the past decade, its structural diversification benefits remain significant.
See More
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- Market Retreat: The S&P 500 index fell by 0.68% and the Nasdaq 100 by 0.95%, both hitting 1.5-week lows, indicating a weakening confidence in tech stocks that could affect investor sentiment and future capital flows.
- Rising Bond Yields: The 10-year T-note yield climbed to a 16-month high of 4.69%, intensifying concerns over rising inflation that may prompt the Fed to pursue tighter monetary policy, thereby impacting stock market performance.
- Supportive Economic Data: April pending home sales rose by 1.4% month-over-month, surpassing expectations of 1.0%, demonstrating resilience in the housing market that could provide some support for stocks, despite overall market pressures.
- Oil Price Volatility: WTI crude oil prices dropped over 1% today due to geopolitical factors, with market concerns about future supply tightness intensifying, potentially affecting stock performance in related sectors, particularly airlines and mining stocks.
See More
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- Market Decline: The S&P 500 index fell by 0.35%, the Dow Jones Industrial Average by 0.19%, and the Nasdaq 100 by 0.45%, indicating a market reaction to the pullback in tech stocks after reaching record highs last week.
- Rising Bond Yields: The 10-year Treasury note yield rose to a 15-month high of 4.66%, triggering risk-off sentiment in the market and leading to long liquidations in stocks, which exacerbates investor concerns about future economic growth.
- Oil Price Volatility: WTI crude oil prices dropped following President Trump's cancellation of a military strike on Iran, despite the IEA reporting a decline in global oil inventories by about 4 million bpd, with the market expected to remain severely undersupplied even if the conflict ends.
- Earnings Performance: So far, 83% of the 454 S&P 500 companies have beaten earnings estimates, with Q1 earnings projected to rise by 12% year-over-year, but excluding the tech sector, the increase is only 3%, highlighting the fragility of the overall economic recovery.
See More
Builders FirstSource Announces Leadership Transition with COO Retirement
- Executive Retirement Plan: Builders FirstSource announced that COO Steve Herron will retire at the end of 2026 as part of a planned leadership transition, aimed at ensuring a smooth management handover to maintain business continuity.
- New COO Appointment: The company appointed Mike Hiller as COO-designate to succeed Herron; Hiller, who previously served as Chief Talent Officer and President of the Central Division post-merger with BMC Stock Holdings, reflects the company's commitment to internal talent development.
- HR Executive Change: Coley O’Brien has been named Chief Human Resources Officer, joining from Wendy's where he was Chief People Officer, bringing extensive HR management experience that will enhance the company's talent management and corporate culture.
- Future Outlook: This executive transition aligns with Builders FirstSource's projected adjusted EBITDA of $1.1 billion to $1.5 billion for 2026, indicating that the company remains focused on achieving financial growth and market expansion during the leadership change.
See More
