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BlueLinx Holdings Inc. - BXC STOCK NEWS

Welcome to our dedicated page for BlueLinx Holdings news (Ticker: BXC), a resource for investors and traders seeking the latest updates and insights on BlueLinx Holdings stock.

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.

News

BlueLinx Announces Fourth Quarter and Full Year 2023 Results

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BlueLinx Holdings Inc. (BXC) reports financial results for Q4 and FY 2023, showcasing strong margin performance and free cash flow despite market uncertainties. Net sales, gross profit, and adjusted net income figures are highlighted, along with completion of share repurchases. The company's President and CEO, Shyam Reddy, and CFO, Andy Wamser, provide insights on the performance and future strategies.
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BlueLinx to Host Fourth Quarter and Full Year 2023 Results Conference Call and Webcast on February 21, 2024

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BlueLinx Holdings Inc. (NYSE: BXC) will release its fourth quarter and full year 2023 financial results on February 20, 2024, followed by a conference call hosted by the President and CEO, Shyam Reddy, and CFO, Andy Wamser, on February 21, 2024. The webcast of the conference call and presentation materials will be available on the company's Investor Relations website, with a replay option. Participants can join the live teleconference or listen to the replay using the provided details.
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BlueLinx Announces Expansion of Distribution Partnership with Huber Engineered Woods

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BlueLinx Holdings Inc. and Huber Engineered Woods LLC announce an expansion of their distribution partnership, including Huber’s AdvanTech® subflooring and ZIP System™ building enclosure product lines in BlueLinx’s Denville, NJ, and Pensacola, FL service areas. The expansion aims to provide customers with best-in-class products and meet diverse marketplace demands. Huber products will now be distributed in forty-three BlueLinx outlets, ensuring faster and more efficient deliveries across geographies and strengthening the Huber brand position in those markets.
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BlueLinx Expands LP Distribution Partnership

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BlueLinx Holdings Inc. (NYSE: BXC) and Louisiana-Pacific Corporation (NYSE: LPX) announce an expanded distribution partnership, adding LP®’s SmartSide® Trim & Siding and LP® SmartSide® ExpertFinish® Trim & Siding to BlueLinx’s Seattle, Spokane, and Gulfport locations. This brings the total stocking footprint of LP® SmartSide® to fourteen locations, spanning four of LP's regions across the United States.
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BlueLinx Reports Third Quarter 2023 Results

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BlueLinx Holdings Inc. reported financial results for Q3 2023. Net sales were $810 million, gross profit was $139 million with a gross margin of 17.2%, and specialty product gross margin of 19.8%. Net income was $24 million, or $2.71 diluted earnings per share. Adjusted net income was $27 million, or $2.98 adjusted diluted earnings per share. Adjusted EBITDA was $50 million, 6.2% of net sales. Operating cash generated was $78 million with free cash flow of $73 million. Available liquidity was $816 million, including $470 million cash on hand. Net debt was $107 million with a net leverage ratio of 0.5x. $18 million in share repurchases were completed, and a new $100 million share repurchase authorization was announced.
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BlueLinx Announces New $100 Million Share Repurchase Authorization

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BlueLinx Holdings Inc. (NYSE: BXC) announced a new share repurchase authorization of $100 million. The authorization will be funded through cash on hand and cash flow from operations. The company completed its prior $100 million share repurchase program in early fiscal October 2023. The decision to repurchase shares will depend on various factors, including capital needs and market conditions.
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BlueLinx to Host Third Quarter 2023 Results Conference Call and Webcast on November 1, 2023

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BlueLinx Holdings Inc. to release Q3 2023 financial results and host conference call
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BlueLinx Welcomes Todd Skaggs as Regional Vice President

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BlueLinx Announces Second Quarter 2023 Results

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BlueLinx Holdings Inc. reports financial results for Q2 2023. Net sales decreased by $423 million, gross profit was $136 million, and net income was $24 million. Specialty product gross margin improved to 19.1%. Operating cash generated was $64 million and free cash flow was $59 million. Net debt was $153 million and net leverage ratio was 0.6x. $12 million of share repurchases were completed.
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BlueLinx to Host Second Quarter 2023 Results Conference Call and Webcast on August 2, 2023

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BlueLinx Holdings Inc. (NYSE: BXC) will release its second quarter 2023 financial results on August 1, 2023. A conference call to discuss the results will be held on August 2, 2023, at 10:00 AM ET. The webcast and presentation materials will be available on the BlueLinx website. Participants can join the teleconference or listen to the replay using the provided phone numbers.
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FAQ

What is the current stock price of BlueLinx Holdings (BXC)?

The current stock price of BlueLinx Holdings (BXC) is $106.77 as of December 20, 2024.

What is the market cap of BlueLinx Holdings (BXC)?

The market cap of BlueLinx Holdings (BXC) is approximately 890.1M.

What does BlueLinx Holdings Inc. do?

BlueLinx Holdings Inc. is a leading wholesale distributor of residential and commercial building products in the United States.

Where is BlueLinx Holdings Inc. headquartered?

BlueLinx Holdings Inc. is headquartered in Marietta, Georgia.

What are the main product categories of BlueLinx?

BlueLinx's products are divided into Structural Products, including lumber and plywood, and Specialty Products, such as engineered wood and siding.

How extensive is BlueLinx's distribution network?

BlueLinx operates through a broad network of distribution centers, covering all 50 states in the U.S.

Who are BlueLinx's typical customers?

BlueLinx serves approximately 15,000 customers, including national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers, and industrial manufacturers.

What notable partnerships has BlueLinx recently expanded?

BlueLinx has recently expanded partnerships with LP Building Solutions and Huber Engineered Woods to enhance their product offerings and distribution footprint.

How does BlueLinx ensure the quality of its products?

BlueLinx offers both branded and private-label SKUs, ensuring a diverse range of high-quality products tailored to various construction needs.

What value-added services does BlueLinx provide?

BlueLinx provides a wide range of value-added services and solutions to its customers and suppliers, including reliable distribution and innovative ideas to help clients achieve their goals.

How can I get more information about BlueLinx Holdings Inc.?

For more detailed information, including the latest news and financial performance, visit BlueLinx's official website at www.BlueLinxCo.com.

Who are the key contacts for investor and media relations at BlueLinx?

Investor and media inquiries can be directed to Tom Morabito, Investor Relations Officer, and Kimberlee Burrows, Sr. Communications Manager.

Stock BXC logo
BlueLinx Holdings Inc.

NYSE:BXC

BXC Rankings

#2636 Ranked by Market Cap
N/A Ranked by Dividends

BXC Stock Data

890.11M
7.89M
4.12%
93.41%
2.29%
Industrial Distribution
Wholesale-lumber, Plywood, Millwork & Wood Panels
Link
United States of America
MARIETTA