News Article | February 28, 2017
HOUSTON, Feb. 28, 2017 /PRNewswire/ -- BMC Software, a global leader in IT solutions for the digital enterprise, today announced that CRN®, a brand of The Channel Company, has named Sanjay Gupta, BMC's Vice President of Global Ecosystem Sales, to its prestigious list of 2017 Channel...
BMC Inc | Date: 2013-03-13
A fall arrest system adapted for use in construction projects with wall studs of various spacing. The fall arrest system comprises a wall attachment bracket and a retractable harness line system, which provides extension, retraction, and storage of a harness line. The harness line is connected to a user-worn harness to protect the user from falling.
Maxwell C.I.,BMC Inc |
Mosey N.J.,Queen's University |
Stan Brown R.,Queen's University
Journal of the American Chemical Society | Year: 2013
A density functional theory study of the cleavage of a DNA model [p-nitrophenyl methyl phosphate (2)] and two RNA models [p-nitrophenyl 2-hydroxypropyl phosphate (3) and phenyl 2-hydroxypropyl phosphate (4)] promoted by the dinuclear Zn(II) complex of 1,3-bis(1,5,9-triazacyclododec-1- yl)propane formulated with a bridging methoxide (1a) was undertaken to determine possible mechanisms for the transesterification processes that are consistent with experimental data. The initial substrate-bound state of 2:1a or 3:1a has the two phosphoryl oxygens bridging Zn(II) 1 and Zn (II) 2. For each of 2 and 3, four possible mechanisms were investigated, three of which were consistent with the overall free energy for the catalytic cleavage step for each substrate. The computations revealed various roles for the metal ions in the three mechanisms. These encompass concerted or stepwise processes, where the two metal ions with associated alkoxy groups [Zn(II) 1:(-OCH3) and Zn (II) 1:(-O-propyl)] play the role of a direct nucleophile (on 2 and 3, respectively) or where Zn(II) 1:(-OCH3) can act as a general base to deprotonate an attacking solvent molecule in the case of 2 or the attacking 2-hydroxypropyl group in the case of 3. The Zn(II) 2 ion can serve as a spectator (after exerting a Lewis acid role in binding one of the phosphates' oxygens) or play active additional roles in providing direct coordination of the departing aryloxy group or positioning a hydrogen-bonding solvent to assist the departure of the leaving group. An important finding revealed by the calculations is the flexibility of the ligand system that allows the Zn-Zn distance to expand from ∼3.6 Å in 1a to over 5 Å in the transforming 2:1a and 3:1a complexes during the catalytic event. © 2013 American Chemical Society.
News Article | February 21, 2017
HOUSTON, Feb. 21, 2017 /PRNewswire/ -- BMC, a global leader in IT solutions for the digital enterprise, today announced the schedule for its 2017 BMC Exchanges, which enhance and expand its successful global program of complimentary one-day events for customers, prospects, and partners....
News Article | December 12, 2016
HOUSTON, Dec. 12, 2016 /PRNewswire/ -- BMC Software, a global leader in IT solutions for the digital enterprise, today announced Peter Leav has joined BMC as President and Chief Executive Officer. Leav succeeds Bob Beauchamp, who continues to serve as Chairman of the Board of Directors...
News Article | November 1, 2016
HOUSTON, Nov. 1, 2016 /PRNewswire/ -- BMC, the global leader in IT solutions for the digital enterprise, today announced the results of its 11th annual Mainframe Research Report, showing that digital business has measurable effects on the demand for the mainframe to deliver fast,...
News Article | November 8, 2016
HOUSTON, Nov. 8, 2016 /PRNewswire/ -- BMC, the global leader in IT solutions for the digital enterprise, today announced innovations designed to help companies faced with an increasing list of applications and platforms that need to be managed and integrated with their SAP® ecosystem....
News Article | February 15, 2017
SANTA CLARA, Calif., Feb. 15, 2017 /PRNewswire/ -- BMC Software, a global leader in IT solutions for the digital enterprise, today announced it is sponsoring the upcoming BreakLine Tech program, which equips veterans of the U.S. Armed Forces with digital skills needed to pursue careers in...
News Article | February 23, 2017
ATLANTA, Feb. 23, 2017 (GLOBE NEWSWIRE) -- BMC Stock Holdings, Inc. (Nasdaq:BMCH) (“BMC” or the “Company”), a leading provider of diversified lumber and building materials and solutions to new construction builders and professional remodelers in the U.S., announced today that Lisa Hamblet is adding Pro Remodeling to her responsibilities and assuming the title Executive Vice President, eBusiness and Pro Remodeling. Ms. Hamblet has led BMC’s eBusiness efforts since joining the Company in 2013. “I am delighted to recognize Lisa’s contributions to our business with these expanded responsibilities,” said Peter Alexander, President and Chief Executive Officer. “She has demonstrated tremendous leadership in overseeing the Company’s successful eBusiness initiatives, including the launch of BMC’s eCommerce business as well as the adoption of both our Logistics and Installation Solutions. Lisa is the ideal person to lead a more focused effort to increase our services to professional remodelers, particularly with the significant utilization of BMC’s eCommerce offering by this group of customers. In fact, we’ve seen a significant increase in sales among professional remodelers in those markets where we have introduced our eCommerce platform. With the bulk of our integration efforts behind us, we are turning much of our focus to strategic growth initiatives and see a strong opportunity to capture additional market share in what is an underserved customer segment in our industry.” Prior to joining BMC, Ms. Hamblet was with Staples Inc., where she held various senior management roles including Vice President of B2B eCommerce and Customer Support, Vice President of B2B Services and, most recently, Vice President of Facility Solutions. Ms. Hamblet received her undergraduate degree from the University of Massachusetts, Amherst and a M.B.A. from Bentley University. Headquartered in Atlanta, Georgia, BMC is one of the nation's leading providers of diversified building products and services to professional builders and contractors in the residential housing market. 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 services and an innovative eBusiness platform capable of supporting all of the Company's customers' needs. BMC serves 42 metropolitan areas across 17 states, principally in the fast-growing South and West regions.
News Article | March 1, 2017
ATLANTA, March 01, 2017 (GLOBE NEWSWIRE) -- BMC Stock Holdings, Inc. (Nasdaq:BMCH) (“BMC” or the “Company”), one of the nation’s leading providers of diversified building products and services in the U.S. residential construction market, today reported its financial results for the fourth quarter and full year ended December 31, 2016. On December 1, 2015, Stock Building Supply Holdings, Inc. (“SBS”) completed its merger transaction (the “Merger”) with Building Material Holdings Corporation (“Legacy BMC”). As a result of the Merger, current year results reported pursuant to U.S. generally accepted accounting principles (“GAAP”) are not comparable to prior year periods. For a more detailed explanation, see the “Fourth Quarter and Full Year 2016 Financial Results - Basis of Presentation” section of this press release. A reconciliation of non-GAAP financial measures to comparable GAAP financial measures is provided in the “Reconciliation of GAAP to Non-GAAP Measures” section of this press release. Commenting on the Company’s 2016 performance, Peter Alexander, President and Chief Executive Officer of BMC stated, “Our Merger, which we completed a little more than a year ago, unlocked numerous opportunities to expand the business and improve profitability. During 2016, we achieved strong operational and financial results including significant gains in operating margins and cash generation. Net sales in 2016 increased 96% as compared to the prior year, and 10.5% when compared to 2015 Adjusted net sales. Net income in 2016 increased to $30.9 million while Adjusted EBITDA margins expanded 170 basis points as compared to 2015.” “In addition,” Mr. Alexander continued, “we made significant strides on our integration efforts and technology initiatives, including the achievement of $31 million in cost synergy savings in our 2016 operating results. Also, during the year, we rolled out ReadyFrame®, our differentiated whole-house framing solution that assists professional builders and contractors to reduce their labor needs and shorten cash conversion cycles, to the remainder of our major markets. This product offering grew more than 46% during 2016 to over $100 million in sales. With a remarkably strong team in place and what I believe are the best products and solutions available to professional builders and remodelers in the residential homebuilding space, I am very optimistic about our prospects for 2017 and beyond.” Fourth Quarter and Full Year 2016 Financial Results - Basis of Presentation The Merger was accounted for as a “reverse acquisition” under the acquisition method of accounting, with SBS treated as the legal acquirer and Legacy BMC treated as the acquirer for accounting purposes. As such, the Company has accounted for the Merger by using the Legacy BMC historical information and accounting policies and adding the assets and liabilities of SBS as of the completion date of the Merger at their estimated fair values. As a result, current year results reported pursuant to GAAP are not comparable to prior year periods. For informational purposes only, the Company has furnished certain Adjusted financial information for the three months and twelve months ended December 31, 2016, and the three months and twelve months ended December 31, 2015. The prior year Adjusted financial information combines the historical results of Legacy BMC and SBS for the three months and twelve months ended December 31, 2015. The Adjusted financial information has not been prepared in accordance with GAAP, and is based upon information and assumptions deemed appropriate by the Company’s management. This Adjusted financial information is not necessarily indicative of what the Company’s results actually would have been had the Merger been completed as of January 1, 2015. In addition, this Adjusted financial information is not indicative of future results or current financial conditions and does not reflect any anticipated synergies, operating efficiencies, cost savings or integration costs that have resulted or may result in the future from the Merger. All Adjusted financial information should be read in conjunction with separate historical financial statements and accompanying notes filed with the Securities and Exchange Commission (“SEC”). A reconciliation of Adjusted financial measures to GAAP financial measures is provided in the “Reconciliation of GAAP to Non-GAAP Measures” section of the press release. Fourth Quarter and Full Year 2016 Summary of Financial Results During the three and twelve months ended December 31, 2016, the Company generated solid operating result improvements and continued to make substantial progress on its Merger integration plan. Total liquidity as of December 31, 2016 was approximately $283.2 million, which included cash and cash equivalents of $8.9 million and $274.3 million of borrowing availability under the Company’s asset-backed revolver. Capital expenditures during the fourth quarter and full year of 2016 totaled $11.9 million and $38.1 million, respectively. These expenditures were primarily used to fund purchases of vehicles and equipment to support increased sales volume and replace aged assets, and facility and technology investments to support our operations. In addition, the Company acquired approximately $6.6 million of assets during the fourth quarter and $15.1 million of assets during the full year 2016 under capital lease arrangements, consisting primarily of material handling equipment. “We are well-positioned to capitalize on the steady growth we expect in the residential construction markets we serve,” said Mr. Alexander. “Our innovative approach to improving productivity and efficiency for our customers, our broad selection of value-added offerings, and our solid financial position set BMC apart from our competitors and create multiple avenues to drive future shareholder value. Compared to the mild weather we enjoyed during the first quarter of 2016, we have experienced more normal seasonal trends during the first two months of 2017. However, we also believe that underlying demand remains robust and will support another solid year of organic growth for 2017. With a large portion of our Merger integration efforts behind us, we are increasing our efforts to accelerate our growth strategy both through organic and inorganic means. We will continue to target opportunities that further enhance our value-added product offerings and/or expand our geographic footprint into attractive markets.” BMC will host a conference call on Wednesday, March 1, 2017 at 10:00 a.m. Eastern Time and will simultaneously broadcast it live over the Internet. The conference call can be accessed by dialing 877-407-0784 (domestic) or 201-689-8560 (international). A telephonic replay will be available approximately three hours after the call and can be accessed by dialing 844-512-2921, or for international callers, 412-317-6671. The passcode for both the live call and the replay is 13652791. The telephonic replay will be available until 11:59 p.m. (Eastern Time) on March 8, 2017. The live webcast of the conference call can be accessed on the Company’s investor relations website at ir.buildwithbmc.com and will be available for approximately 90 days. This press release presents Adjusted net sales, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net income and Adjusted net income per diluted share, which are non-GAAP financial measures within the meaning of applicable SEC rules and regulations. For a reconciliation of Adjusted net sales, Adjusted EBITDA and Adjusted net income to the most comparable GAAP measures and a discussion of the reasons why the Company believes that these non-GAAP financial measures provide information that is useful to investors, see the tables included in this document under "Reconciliation of GAAP to Non-GAAP Measures." With over $3 billion in annual revenues, BMC is one of the nation's leading providers of diversified building products and services to builders, contractors and professional remodelers in the U.S. residential housing market. The Company's comprehensive portfolio of products and solutions spans building materials, including millwork and structural component manufacturing capabilities, consultative showrooms and design centers, value-added installation management services and an innovative eBusiness platform. BMC, which is headquartered in Atlanta, Georgia, serves 42 metropolitan areas across 17 states, principally in the fast-growing South and West regions. 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. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. These factors include without limitation: 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. BMC STOCK HOLDINGS, INC. AND SUBSIDIARIES Reconciliation of GAAP to Non-GAAP Measures (unaudited) Adjusted net sales, Adjusted EBITDA and Adjusted net income are intended as supplemental measures of the Company’s performance that are not required by, or presented in accordance with, GAAP. The Company believes that Adjusted net sales, Adjusted EBITDA and Adjusted net income provide useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and operating results. Company management uses Adjusted net sales, Adjusted EBITDA and Adjusted net income for trend analyses, for purposes of determining management incentive compensation and for budgeting and planning purposes. Adjusted net sales and Adjusted EBITDA are used in monthly financial reports prepared for management and the board of directors. The Company believes that the use of Adjusted net sales, Adjusted EBITDA and Adjusted net income provide additional tools for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other distribution and retail companies, which may present similar non-GAAP financial measures to investors. However, the Company’s calculation of Adjusted net sales, Adjusted EBITDA and Adjusted net income are not necessarily comparable to similarly titled measures reported by other companies. Company management does not consider Adjusted net sales, Adjusted EBITDA and Adjusted net income in isolation or as alternatives to financial measures determined in accordance with GAAP. The principal limitation of Adjusted EBITDA and Adjusted net income is that they exclude significant expenses and income that are required by GAAP to be recorded in the Company’s financial statements. Some of these limitations are: (i) Adjusted EBITDA and Adjusted net income do not reflect changes in, or cash requirements for, working capital needs; (ii) Adjusted EBITDA does not reflect interest expense, or the requirements necessary to service interest or principal payments on debt; (iii) Adjusted EBITDA does not reflect income tax expenses or the cash requirements to pay taxes; (iv) Adjusted net income and Adjusted EBITDA do not reflect historical cash expenditures or future requirements for capital expenditures or contractual commitments; (v) although depreciation and amortization charges are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future and Adjusted EBITDA and Adjusted net income do not reflect any cash requirements for such replacements and (vi) Adjusted net income and Adjusted EBITDA do not consider the potentially dilutive impact of issuing non-cash stock-based compensation. In order to compensate for these limitations, management presents Adjusted net sales, Adjusted EBITDA and Adjusted net income in conjunction with GAAP results. Readers should review the reconciliations of net sales to Adjusted net sales, net income to Adjusted EBITDA and Adjusted net income below, and should not rely on any single financial measure to evaluate the Company’s business. BMC STOCK HOLDINGS, INC. AND SUBSIDIARIES Reconciliation of GAAP to Non-GAAP Measures (continued) (unaudited)