Welcome to our dedicated page for Bluelinx Hldgs news (Ticker: BXC), a resource for investors and traders seeking the latest updates and insights on Bluelinx Hldgs 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.
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).
FAQ
What is the current stock price of Bluelinx Hldgs (BXC)?
What is the market cap of Bluelinx Hldgs (BXC)?
What does BlueLinx Holdings Inc. do?
Where is BlueLinx Holdings Inc. headquartered?
What are the main product categories of BlueLinx?
How extensive is BlueLinx's distribution network?
Who are BlueLinx's typical customers?
What notable partnerships has BlueLinx recently expanded?
How does BlueLinx ensure the quality of its products?
What value-added services does BlueLinx provide?
How can I get more information about BlueLinx Holdings Inc.?
Who are the key contacts for investor and media relations at BlueLinx?
