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.
BlueLinx Holdings (NYSE:BXC) has appointed Kevin Alan Henry as Chief People Officer, effective March 1, 2022. With over 30 years of experience in human capital across various industries, Kevin is expected to enhance BlueLinx’s human resources functions. His expertise includes developing employee engagement strategies aimed at delivering sustainable business growth. CEO Dwight Gibson highlighted the strategic focus Kevin will bring, aiming to improve talent acquisition and retention while creating a thriving work environment. BlueLinx is a prominent wholesaler of building products in the U.S.
BlueLinx Holdings Inc. (NYSE: BXC) will release its fourth quarter and full year 2021 financial results after market close on February 22, 2022. A conference call hosted by CEO Dwight Gibson and CFO Kelly Janzen will take place on February 23, 2022, at 10:00 AM ET.
Investors can access the call via a webcast on the investor relations section of the BlueLinx website. Replay details will be available until March 9, 2022.
BlueLinx Holdings (NYSE:BXC) announced the appointment of Sean Dwyer as Chief Strategy and Corporate Development Officer, effective February 14, 2022. This newly created role focuses on enterprise strategic planning and M&A to enhance sustainable growth. Dwyer brings extensive experience from WestRock Company and Rock-Tenn Company, with a background in logistics and distribution sectors. CEO Dwight Gibson expressed enthusiasm about Dwyer's contributions toward expanding specialty product categories and geographic reach, emphasizing the company's commitment to transformational growth.
BlueLinx Holdings (NYSE:BXC) has appointed Seth Freeman as Vice President of Marketing and Communications, effective January 31, 2022. In this newly created role, Freeman will lead the marketing and communications team, utilizing over 25 years of experience in integrated brand strategies. Previously, he held prominent marketing roles at American Family Insurance, Schlotzky’s, and Buffalo Wild Wings. His leadership is expected to enhance BlueLinx’s brand engagement and performance-oriented culture, driving customer and employee interaction through various media channels.
BlueLinx Holdings (NYSE: BXC), a U.S. building products distributor, has announced a $3 million year-end bonus for eligible employees. This includes cash and equity components aimed at recognizing their efforts amid a challenging market. CEO Dwight Gibson highlighted the employees' resilience despite supply constraints and price volatility in lumber. Looking ahead, the company is positioned to capitalize on robust housing market trends while fostering a performance-driven culture.
BlueLinx Holdings reported its third quarter results for 2021, with net sales reaching $971 million, an 11% increase year-over-year. Net income decreased by 14% to $47 million, reflecting a decline in commodity wood prices. Adjusted EBITDA fell by 2% to $79 million. Specialty products sales surged by 29% to $641 million, while structural products sales dropped by 12% to $330 million. Cash flow from operations rose significantly to $104 million, up 70%. The company successfully reduced its net leverage ratio to 1.3x.
BlueLinx Holdings (NYSE: BXC), a major U.S. wholesale distributor of building products, has successfully completed a $300 million offering of 6.00% Senior Secured Notes due 2029. These notes, priced at 98.625% of their principal amount, are set to mature on November 15, 2029. The financing enhances BlueLinx's borrowing capacity while maintaining a net-leverage neutral position, as proceeds will be used to reduce existing debt. This strategic move aims to support future growth, bolstering the company's capital structure.
BlueLinx Holdings (NYSE: BXC) will release its third quarter 2021 financial results after the market closes on November 2, 2021. A conference call to discuss these results will be hosted by Dwight Gibson, President and CEO, and Kelly Janzen, CFO, on November 3, 2021, at 10:00 AM ET. Investors can access the live call by dialing 1-877-407-4018 with the passcode 13723645. A webcast will also be available on the company's website, along with replay options until November 17, 2021.
MoistureShield, a division of Oldcastle APG, has significantly expanded its distribution through BlueLinx with seven new branch locations from North Carolina to Maine. This expansion includes the full line of MoistureShield composite decking products, such as the new Meridian capped wood-plastic composite decking. The new offerings feature advanced technologies like DiamondDefense Coating and CoolDeck Technology, designed to withstand harsh climates. MoistureShield products come with a 50-year transferrable structural warranty, assuring durability and performance.
BlueLinx Holdings (NYSE:BXC) announced the appointment of Ryan Taylor as the new Vice President of Investor Relations and Treasury, effective October 11, 2021. This newly created position aims to enhance the company's engagement with investors while maintaining a prudent capital structure.
Kelly Janzen, CFO, expressed excitement about Taylor's extensive experience in investor relations and capital markets, expecting him to significantly contribute to BlueLinx’s growth strategy.
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