BlueLinx Holdings

BlueLinx Holdings, Inc. engages in the distribution of building and industrial products. Its products include structural and specialty. The Structural products consist of plywood, oriented strand board, rebar and remesh, lumber, spruce and other wood used for structural support, walls, and flooring in construction projects. The Specialty products comprise engineered wood, moulding, siding, cedar, metal, and insulation. The company was founded in 2004 and is headquartered in Marietta, GA.

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BlueLinx Holdings reports strong Q4 performance amidst market challenges

BlueLinx Holdings showcased resilience amidst challenging market conditions, focusing on strategic growth and operational efficiency. Despite short-term challenges, the company remains well-positioned for future opportunities.
With a strong financial performance, a focus on specialty products, and a robust M&A pipeline, BlueLinx is navigating market dynamics effectively. The company's emphasis on aligning costs with profitability bodes well for sustainable growth.

BlueLinx reports solid Q1 earnings amidst market challenges and opportunities

BlueLinx Holdings demonstrated resilience with solid financial performance in Q1 2023 despite market challenges, showcasing strategic leadership and operational efficiency.
The company's focus on specialty products, disciplined capital allocation, and commitment to growth avenues position it for future success.
Challenges in maintaining margins and uncertainties in market dynamics highlight the need for proactive risk management and strategic planning.
Opportunities lie in leveraging strengths, exploring growth avenues, and adapting to evolving market conditions for sustained profitability and growth.

BlueLinx Holdings reports resilient Q2 performance amidst product sales challenges

BlueLinx Holdings navigated challenges in product sales declines by focusing on operational efficiency and strategic priorities. Despite market headwinds, the company's strong financial position and investments in customer services position it well for future growth and margin stability.

BlueLinx reports solid Q3 performance amidst market challenges

BlueLinx Holdings showcased solid financial performance in Q3 2023, with a focus on high-margin specialty products and strong free cash flow generation.
While facing challenges in declining sales and a tough housing environment, the company remains optimistic about long-term growth prospects.
Management's proactive approach to exploring growth opportunities through organic expansion, M&A, and strategic product category growth reflects a resilient business strategy.
With a robust liquidity position and a record cash balance, BlueLinx is well-positioned to navigate challenges and capitalize on opportunities for future growth.

BlueLinx reports robust Q4 earnings, eyes tech-driven growth strategies

BlueLinx Holdings demonstrated resilience and profitability in Q4 2023, leveraging strong financials, strategic focus on technology, and disciplined capital allocation for sustainable growth.
Challenges like adverse weather and market dynamics were met with adaptability, while opportunities in digital transformation, expansion, and e-commerce pave the way for future success.
The company's commitment to operational excellence, customer-centric strategies, and shareholder value creation positions BlueLinx favorably in the competitive building products sector for long-term growth.

BlueLinx reports solid Q1 earnings, eyes growth through strategic initiatives

BlueLinx Holdings navigated challenges in Q1 2024 with resilience, focusing on Specialty products and maintaining strong margins. Despite housing market uncertainties, the company remains optimistic about growth opportunities through strategic initiatives and smart buying strategies.

BlueLinx Holdings reports resilient Q2 results amidst market challenges

BlueLinx Holdings delivered a strong performance in Q2 2024, driven by robust sales in Specialty Products and strategic investments in modernization.
While facing challenges in structural product revenues, the company's focus on maintaining margins and driving growth through value-added services positions it well for future opportunities.
With a keen eye on market recovery and operational efficiency, BlueLinx is poised to navigate uncertainties and leverage growth prospects in the evolving landscape.

BlueLinx Holdings reports resilient Q3 performance amidst market challenges

BlueLinx Holdings delivered a solid performance in Q3 2024, driven by strong specialty product sales and operational resilience in the face of market challenges.
The company's financial strength, focus on digital transformation, and strategic capital allocation underscore its ability to navigate uncertainties and pursue growth opportunities.
While facing challenges such as market uncertainty and structural product revenue decline, BlueLinx Holdings remains well-positioned to capitalize on opportunities through innovation and strategic initiatives.
Investors should monitor the company's progress in executing its growth strategies and managing market risks to assess its long-term performance and value creation potential.

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MARIETTA, Ga., Oct. 25, 2021 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC) (the “Company”), a leading U.S. wholesale distributor of building products, announced today that the Company has completed its previously announced offering of $300 million aggregate principal amount of its 6.00% Senior Secured Notes due 2029 (the “2029 Notes”) in a private offering to persons reasonably believed to be “qualified institutional buyers,” as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and non-U.S. persons outside the United States under Regulation S under the Securities Act.

BlueLinx Holdings Inc. Completes Offering of 6.00% Senior Secured Notes due 2029

The wholesale distributor has fared well in the housing boom -- but will it last?

This Lesser-Known Industrial Products Company is Red-Hot -- Will it Continue?

MARIETTA, Ga., Oct. 20, 2021 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue third quarter 2021 financial results after the market closes on Tuesday, November 2, 2021. A conference call to discuss the Company's third quarter results will be hosted by Dwight Gibson, President and Chief Executive Officer, and Kelly Janzen, Senior Vice President and Chief Financial Officer, on Wednesday, November 3, 2021, at 10:00 AM ET.

BlueLinx to Host Third Quarter 2021 Results Conference Call and Webcast on November 3, 2021

ATLANTA, Oct. 19, 2021 /PRNewswire/ -- MoistureShield ® , a division of Oldcastle APG, a CRH Company, has expanded distribution with BlueLinx branch locations in Charlotte and Raleigh NC, Denville NJ, Yaphank NY, Burlington VT, Bellingham MA, and Portland ME. Each BlueLinx location will offer the full line of MoistureShield composite decking products to its dealers.

MoistureShield Broadly Expands Throughout Northeast with Seven New BlueLinx Branches from North Carolina to Maine

MARIETTA, Ga., Oct. 18, 2021 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC) (the “Company”), a leading U.S. wholesale distributor of building products, announced today that the Company has agreed to sell $300 million aggregate principal amount of its 6.00% Senior Secured Notes due 2029 (the “2029 Notes”) in a private offering to persons reasonably believed to be “qualified institutional buyers,” as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States under Regulation S under the Securities Act.

BlueLinx Holdings Inc. Announces Pricing of Private Offering of Senior Secured Notes

MARIETTA, Ga., Oct. 12, 2021 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC) (the “Company”), a leading U.S. wholesale distributor of building products, announced today that, subject to market and other conditions, the Company intends to offer (the “Offering”) Senior Secured Notes due 2029 generating aggregate gross proceeds of approximately $300 million. The Company's obligations under the 2029 Notes will be guaranteed by the Company's domestic subsidiaries that are co-borrowers under or guarantee the Company's ABL credit facility. The 2029 Notes and the related guarantees will be secured by a first-priority security interest in substantially all of the Company's and each guarantor's existing and future assets (other than receivables, inventory, deposit accounts, securities accounts, business interruption insurance and other related assets (the “ABL Collateral”)), subject to certain exceptions and customary permitted liens. The 2029 Notes and the related guarantees will also be secured on a second-priority basis by a lien on the ABL Collateral.

BlueLinx Holdings Inc. Announces Proposed Private Offering of Senior Secured Notes

BlueLinx has benefited greatly from strong demand for homes following unprecedented stimulus. There are clear challenges over the horizon for the company with government support being curbed.

BlueLinx Is A Buy But Rapid Growth May Be Transitory

MARIETTA, Ga., Aug. 23, 2021 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (the “Company”) (NYSE: BXC), a leading U.S. wholesale distributor of building products, announced today that its Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $25 million of its outstanding shares of common stock in the open market, in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Company's decision to repurchase its shares, as well as the timing of such repurchases, will depend on a variety of factors, including the ongoing assessment of the Company's capital needs, the market price of the Company's common stock, general market conditions and other corporate considerations, as determined by management. The repurchase program may be suspended or discontinued at any time.

BlueLinx Announces $25 Million Share Repurchase Program

MARIETTA, Ga., Aug. 23, 2021 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (the “Company”) (NYSE: BXC), a leading U.S. wholesale distributor of building products, announced today the termination of its “at-the-market” equity offering program (the “ATM Offering”) with Jefferies LLC (“Jefferies”) as sales agent. The Company elected to terminate the ATM Offering given its ample liquidity and to limit uncertainty and unfavorable dilution for its shareholders.

BlueLinx Announces Termination of “At-The-Market” Offering of Shares of Common Stock

BlueLinx Holdings Inc. (BXC) CEO Dwight Gibson on Q2 2021 Results - Earnings Call Transcript

The stock price of BlueLinx Holdings Inc. (NYSE: BXC) increased by over 12% pre-market. This is why it happened.

BXC Stock Price Increases Over 12% Pre-Market: Why It Happened

Record Net Income and Adjusted EBITDA TTM Net Sales, Net Income and Adjusted EBITDA of $4.1 billion, $250 million, and $392 million, respectively Strong Financial Performance Supports Significantly Improved Balance Sheet

BlueLinx Announces Second Quarter 2021 Results

MARIETTA, Ga., Aug. 03, 2021 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (the “Company”) (NYSE: BXC), a leading U.S. wholesale distributor of building products, announced today that it has entered into an amendment to its $600 million Senior Secured Revolving Credit Agreement to, among other things, extend the maturity date of the facility from October 10, 2022, to August 2, 2026, reduce the interest rate on borrowings under the facility, and provide more covenant flexibility. The amended credit facility is available to the Company for working capital financing, capital expenditures, the issuance of letters of credit, permitted acquisitions, and general corporate purposes.

BlueLinx Amends and Extends Its Senior Secured Revolving Credit Facility

MARIETTA, Ga., July 21, 2021 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue second quarter 2021 financial results after the market closes on Tuesday, August 3, 2021. A conference call to discuss the Company's second quarter results will be hosted by Dwight Gibson, President and Chief Executive Officer, and Kelly Janzen, Senior Vice President and Chief Financial Officer, on Wednesday, August 4, 2021, at 10:00 AM ET.

BlueLinx Announces Second Quarter 2021 Results Conference Call and Webcast Date

BlueLinx looks cheap at just 4.1x EBITDA relative to the historical 8-13x level for peers. Strong deleveraging, as well as momentum in cost containment and broadening products & services, continue to drive the bull run.

Why BlueLinx Has 55% Upside And Is A Possible Takeover Target

The company's revenue showed an increase of 54.9% compared to Q1 2020 and exceeded analysts' expectations. BlueLinx Holdings shares have a unique opportunity to reach $50 soon due to upcoming strong results for 2Q 2021, successful deleveraging, and significant housing demand.

BlueLinx Holdings: Upcoming Results Will Surprise You

America's Car-Mart

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Management is focused on long-term growth. Deflation is their main concern.

BlueLinx Holdings: Not A Value Trap

BlueLinx maybe fully priced at current levels.

BlueLinx Holdings: Not Undervalued Anymore

BlueLinx Holdings Inc. (BXC) CEO Mitch Lewis on Q1 2021 Results - Earnings Call Transcript

Net Sales Exceed $1 billion, Highest Q1 Since 2006 Record Net Income of $62 million and Adjusted EBITDA of $107 million More than $100 million decrease in Total Outstanding Bank Debt year over year

BlueLinx Announces First Quarter 2021 Results

Mitchell B. Lewis to Retire; Will Remain a Director on the Board Dwight A.K. Gibson Named Incoming President and CEO, Effective June 7, 2021

BlueLinx Announces CEO Succession

MARIETTA, Ga., April 20, 2021 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue first quarter 2021 financial results after the market closes on Tuesday, May 4, 2021. A conference call to discuss the Company's first quarter will be hosted by Mitch Lewis, President and Chief Executive Officer, and Kelly Janzen, Senior Vice President and Chief Financial Officer, on Wednesday, May 5, 2021, at 10:00 AM ET. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the BlueLinx website at http://bluelinxco.com/webcast-presentations, and a replay of the webcast will be available at the same site shortly after the webcast is complete.

BlueLinx to Host First Quarter 2021 Results Conference Call and Webcast

The general improvement in the market condition contributes to BlueLinx Holdings' exponential growth.

BlueLinx Holdings: Primed And Ready For An Expansion After Deleveraging

MARIETTA, Ga., April 05, 2021 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building and industrial products in the United States, today announced that the Company repaid the outstanding principal balance under its term loan facility of approximately $16 million on April 2, 2021. The payment was funded through existing availability under the Company's revolving credit facility.

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