LAS VEGAS — Looking into the future was a major theme here at the 2023 Builders FirstSource National Event. It wasn’t just about delivering slick technologies designed to transform the industry — although there was a lot of that.
It was also about meeting near term challenges of 2023.
Speaking during a general session Wednesday morning, CEO Dave Rush, who officially dropped ‘interim’ from his title earlier this week, comfortably walked the audience of customers, vendors and employees through the BFS plan of attack.
Rush said the timing for the national event, which drew some 3,500 in total attendance, is ideal given current market conditions and the need for planning and communication.
“We all know we're going to have a little bit of a challenge coming into '23. You're probably best to get ahead of it, best to have conversations now how we collectively, as an industry, can manage through what we hope is a short term situation.”
Armed with core values and mission and vision statements, Rush outlined the four pillars of the Builders FirstSource strategy.
• Organic-growth of value-added products;
• Drive operational excellence;
• Continue to build high-performing culture; and
• Pursue strategic tuck-in acquisitions.
If those sound familiar, that’s because they are.
“Maybe you've heard I recently got the job on a permanent basis two days ago,” Rush said. “So I want to emphasize that this was the strategy before me, it's still the strategy, and it'll be the strategy throughout 2023 and beyond.”
Describing the company’s value-added emphasis, Rush pointed to $96 million in 2022 investments related to products and services including trusses, panels, Ready Frame (the BFS precision, pre-cut framing package that’s delivered to the job site ready to assemble) and high-speed door lines. “These are all things to produce more in less time with less labor, to try to take costs out of the process and improve the quality of the products that we bring to your job site,” he said.