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BlueLinx Holdings Inc. (NYSE: BXC) is a premier wholesale distributor of residential and commercial building products in the United States. The company is headquartered in Marietta, Georgia, and operates through a broad network of distribution centers, providing comprehensive coverage across all 50 states. BlueLinx services approximately 15,000 customers, including national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers, and industrial manufacturers.
BlueLinx's business is divided into two main product categories: Structural Products, which consist of lumber, plywood, oriented strand board, rebar, and remesh, and Specialty Products, encompassing engineered wood, siding, millwork, outdoor living, specialty lumber and panels, as well as industrial products. The company is known for offering both branded and private-label SKUs, ensuring a diverse range of high-quality options for various construction needs.
Recently, BlueLinx has been actively expanding its partnerships to drive further growth. Notably, the company has strengthened its collaboration with LP Building Solutions and Huber Engineered Woods, enhancing its product offerings and distribution footprint. Mike Wilson, Senior Vice President of Product Management at BlueLinx, expressed enthusiasm for these developments, highlighting the alignment of goals with partners to offer superior specialty products catering to single-family, multi-family, and light commercial building segments.
Financially, BlueLinx continues to demonstrate strong performance. The company maintains a solid market position backed by robust financial management and operational efficiency. It actively engages in providing value-added services and solutions to both customers and suppliers, ensuring reliable distribution and innovative ideas that help their clients achieve their goals.
For more detailed information about BlueLinx Holdings Inc., including the latest news updates and financial performance, visit their official website at www.BlueLinxCo.com.
BlueLinx Holdings (NYSE: BXC) announced that Andrew Wamser is stepping down from his position as Senior Vice President, Chief Financial Officer and Treasurer to pursue an opportunity outside the building products industry. His last day will be January 24, 2025.
Kimberly DeBrock, the company's Vice President and Chief Accounting Officer, will serve as interim Principal Financial Officer while the company searches for Wamser's successor. The company's CEO, Shyam Reddy, emphasized that BlueLinx remains in a strong financial position and maintains its commitment to becoming the most technologically advanced two-step building products distributor in the United States.
BlueLinx Holdings (NYSE: BXC), a leading U.S. wholesale distributor of building products, and Louisiana-Pacific (NYSE: LPX), a leading manufacturer of engineered wood building products, announced the expansion of their distribution partnership.
This collaboration will now include LP's Siding Solutions brands and prefinished solutions, such as LP® SmartSide® Trim & Siding and LP® SmartSide® ExpertFinish® Trim & Siding, in the Central Region, specifically Monroe, Louisiana, and Little Rock, Arkansas.
This strategic move expands BlueLinx's stocking footprint of LP® SmartSide® to seventeen locations, spanning four of BlueLinx's regions across the United States.
Leo Oei, Vice President of Product Management and National Accounts at BlueLinx, emphasized the alignment of goals between the two companies, focusing on offering best-in-class specialty products to the single-family, multi-family, and light commercial building segments.
Sarah Galvin, LP National Account Manager, highlighted the expansion's role in broadening their distribution footprint and providing additional access to SmartSide® in both Primed and ExpertFinish®.
RDI® Railing, part of Oldcastle APG, announces a new distribution partnership with BlueLinx Holdings to expand its railing products distribution across North America. The partnership introduces RDI's award-winning railing line to BlueLinx locations in Richmond, Frederick, Indianapolis, Atlanta, and Chicago. The product line includes cable, composite, and aluminum railing solutions for residential and commercial applications, featuring various color and infill options. This collaboration expands BlueLinx's offerings in the growing Outdoor Railing category and aims to drive profitable sales growth while increasing product availability for customers.
BlueLinx Holdings (NYSE: BXC) has announced a new distribution partnership with Oldcastle APG to stock RDI Railing products at five distribution centers across the United States. The partnership expands BlueLinx's outdoor railing category offerings and will be implemented in Richmond, Frederick, Indianapolis, Atlanta, and Chicago locations. RDI Railing's portfolio includes cable, composite, and aluminum materials, targeting both residential and commercial markets with features focusing on durability, installation ease, and sustainability.
BlueLinx Holdings (NYSE: BXC) has announced the opening of a new greenfield distribution center in Portland, Oregon, expanding its presence in the Pacific Northwest region. The strategic facility will enhance the company's service capabilities and enable faster delivery times across the region. The distribution center will offer specialty products and complementary structural products, supporting BlueLinx's profitable sales growth strategy and complementing its previous acquisition of Vandermeer Forest Products in October 2022.
BlueLinx Holdings (NYSE: BXC) reported Q3 2024 financial results with net sales of $747 million, down 8% year-over-year. The company achieved gross profit of $126 million with a 16.8% margin, and net income of $16 million ($1.87 per diluted share). Specialty products sales were $519 million, while structural products contributed $228 million. The company maintained strong liquidity of $873 million, including $526 million in cash, and generated free cash flow of $54 million. During the quarter, BlueLinx repurchased $15 million in shares, with $61 million remaining in the authorization.
BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, has announced its plans to release third quarter 2024 financial results after market close on Tuesday, October 29, 2024. The company will host a conference call and webcast on Wednesday, October 30, 2024, at 10:00 AM ET to discuss the results.
The call will be led by Shyam Reddy, President and CEO, and Andy Wamser, CFO. Investors can access the webcast and presentation materials through the company's Investor Relations website. For those wishing to participate in the live teleconference, domestic and international call-in numbers are provided, along with a passcode. A replay of the teleconference will be available until November 13, 2024.
BlueLinx Holdings Inc. (NYSE: BXC) reported its Q2 2024 financial results. Net sales were $768 million, down 6% year-over-year. Gross profit was $122 million with a margin of 15.9%. Net income was $14 million, or $1.65 diluted EPS. Adjusted EBITDA was $34 million, 4.5% of net sales. The company generated $36 million in operating cash flow and $29 million in free cash flow.
Specialty products sales decreased 5.5% to $539 million, while structural products sales fell 6.6% to $229 million. BlueLinx ended the quarter with $491 million in cash and a net leverage ratio of (0.9x). The company repurchased $15 million of stock, with $76 million remaining on its share repurchase authorization.
BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, has announced its plan to release second quarter 2024 financial results after market close on Tuesday, July 30, 2024. The company will host a conference call and webcast on Wednesday, July 31, 2024, at 10:00 AM ET to discuss the results.
President and CEO Shyam Reddy, along with CFO Andy Wamser, will lead the call. Investors can access the webcast and presentation materials through the company's Investor Relations website. For those wishing to participate in the live teleconference, domestic and international call-in numbers are provided. A replay of the teleconference will be available until August 14, 2024.
BlueLinx Holdings Inc. (NYSE:BXC) reported solid financial results for the first quarter of 2024, with net sales of $726 million, gross profit of $128 million, and net income of $17 million. Despite challenges like deflationary pressures and adverse weather conditions, the company maintained strong margins in specialty and structural products. Adjusted EBITDA of $39 million exceeded expectations, driven by higher margins and a positive impact from import duty items. The company's financial position remains robust with available liquidity of $828 million, net debt of ($133) million, and a net leverage ratio of (0.8x).
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