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BlueLinx Holdings Inc (BXC) delivers essential building products through its nationwide distribution network, serving contractors and manufacturers across residential and commercial construction sectors. This news hub provides investors and industry professionals with direct access to official announcements and market developments shaping the building materials landscape.
Track critical updates including quarterly earnings reports, strategic partnerships, supply chain innovations, and leadership changes. Our curated collection features press releases on product availability expansions, sustainability initiatives, and operational efficiency improvements that impact BlueLinx's position in the construction supply chain.
Discover timely information about structural material innovations, specialty product launches, and logistics network enhancements. All content is verified from primary sources to ensure accuracy for financial decision-making. Bookmark this page for streamlined access to developments affecting building product distribution channels and construction market dynamics.
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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