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 (NYSE: BXC) has appointed Joshua Teteak as its new Chief Supply Chain Officer, effective April 18, 2022. With over 21 years of experience in supply chain management, particularly at Eaton Corporation, Teteak will focus on enhancing supply chain effectiveness and operational efficiencies. His expertise is expected to transform BlueLinx's distribution network, leveraging advanced technology to improve logistics and service delivery. This strategic move signals BlueLinx's commitment to improving its customer service and supply chain operations.
BlueLinx Holdings reported strong financial results for Q4 and full year 2021, with net sales of $973 million (up 12%) in Q4 and $4.3 billion for the year (up 38%). Gross margins improved significantly to 19.9% in Q4 (up 550 bps) and 18.2% for the year (up 280 bps). Diluted EPS surged to $7.30 (up 258%) in Q4 and $29.99 (up 251%) for the year. Strong demand for specialty products, which rose 29% year-over-year, contributed to these results. The company also reduced its net debt by 19%, enhancing its financial flexibility with a net leverage ratio now at 1.1x.
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.
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?
