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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.
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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