BXC

BlueLinx Announces Executive Leadership Changes

Retrieved on: 
Tuesday, April 2, 2024
Other Construction & Property, Forest Products, Residential Building & Real Estate, Commercial Building & Real Estate, Natural Resources, Construction & Property, Building Systems, Growth, Acquisition, BXC, BlueLinx, Product management, Operation, Region, National accounts, Management

BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, announced senior leadership changes aimed at strengthening commercial alignment throughout the organization to advance the company’s sales growth strategy.

Key Points: 
  • BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, announced senior leadership changes aimed at strengthening commercial alignment throughout the organization to advance the company’s sales growth strategy.
  • Mike Wilson has been appointed Chief Commercial Officer, reporting directly to the Chief Executive Officer.
  • In this new role, he will oversee the commercial leadership team comprised of the five Regional Vice Presidents and the Vice President of National Accounts, all reporting directly to him.
  • Leo Oei has been named Vice President, Product Management, succeeding Mike Wilson in his former role, where he will lead the Product Management team and report directly to the Chief Executive Officer.

BlueLinx Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 20, 2024
Other Construction & Property, Forest Products, Residential Building & Real Estate, Commercial Building & Real Estate, Natural Resources, Construction & Property, Building Systems, BXC, Acquisition, Weather, Share repurchase, BlueLinx, Completion, Human, Webcast, Tax, Housing, Insurance, Security (finance)

Gross profit from specialty product sales was $94.5 million, a decrease of $30.1 million, or 24.2%, compared to the fourth quarter last year.

Key Points: 
  • Gross profit from specialty product sales was $94.5 million, a decrease of $30.1 million, or 24.2%, compared to the fourth quarter last year.
  • Selling, general and administrative (“SG&A”) expenses were $84.5 million in the fourth quarter, a decrease of $7.5 million from $92.0 million for the fourth quarter of 2022.
  • Net cash generated from operating activities was $75.9 million in the fourth quarter of 2023 compared to $154.3 million in the prior year period.
  • Free cash flow was $67.3 million in the fourth quarter of 2023 compared to $137.5 million in the prior year period.

BlueLinx to Host Fourth Quarter and Full Year 2023 Results Conference Call and Webcast on February 21, 2024

Retrieved on: 
Wednesday, February 7, 2024
Commercial Building & Real Estate, Construction & Property, Natural Resources, Other Manufacturing, Engineering, Manufacturing, Forest Products, Residential Building & Real Estate, BXC, Webcast, BlueLinx

BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue fourth quarter and full year 2023 financial results after the market closes on Tuesday, February 20, 2024.

Key Points: 
  • BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue fourth quarter and full year 2023 financial results after the market closes on Tuesday, February 20, 2024.
  • A conference call to discuss the Company’s results will be hosted by Shyam Reddy, President and Chief Executive Officer, and Andy Wamser, Chief Financial Officer, on Wednesday, February 21, 2024, 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 https://investors.bluelinxco.com , and a replay of the webcast will be available shortly after the webcast is complete.
  • To participate in the live teleconference:

BlueLinx Announces Expansion of Distribution Partnership with Huber Engineered Woods

Retrieved on: 
Tuesday, January 16, 2024
Growth, Partnership, ZIP, J.M. Huber Corporation, BlueLinx, BXC

ATLANTA, Jan. 16, 2024 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, and Huber Engineered Woods LLC, a subsidiary of J.M.

Key Points: 
  • ATLANTA, Jan. 16, 2024 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, and Huber Engineered Woods LLC, a subsidiary of J.M.
  • Huber Corporation, a leading privately-held specialty building products manufacturer, are pleased to announce an expansion of their distribution partnership.
  • The expansion will include Huber’s assortment of AdvanTech® subflooring and ZIP System™ building enclosure product lines in BlueLinx’s Denville, NJ, and Pensacola, FL service areas.
  • Mike Wilson, Chief Product Management Officer at BlueLinx, states “By expanding our partnership with Huber, we are strengthening our ability to provide our customers with the best-in-class products they deserve.

BlueLinx Expands LP Distribution Partnership

Retrieved on: 
Tuesday, November 14, 2023
NYSE, LPX, BlueLinx, Structure, BXC, Partnership, LP, Louisiana-Pacific, Phonograph record

Mike Wilson, Chief Product Management Officer at BlueLinx, remarked on the distribution expansion between LP and BlueLinx, stating, "We are excited to add these brands to our specialty portfolio in the West, as well as Gulfport.

Key Points: 
  • Mike Wilson, Chief Product Management Officer at BlueLinx, remarked on the distribution expansion between LP and BlueLinx, stating, "We are excited to add these brands to our specialty portfolio in the West, as well as Gulfport.
  • This strategic partnership aligns with our commitment to offer best-in-class specialty products to our customers, builders, and contractors.”
    Chad Larson, General Sales Manager for LP in the Northwest, added, “LP is enthusiastic about the expanded role of BlueLinx in the Northwest region.
  • Their commitment to LP products including LP® SmartSide®, ExpertFinish®, and Structural Solutions® align with our strategic vision for the region.
  • "As LP continues to expand its market share, we are thrilled to broaden our distribution footprint with BlueLinx.

BlueLinx Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023
Adjustment, Housing, NYSE, BlueLinx, Share repurchase, Acquisition, Environment, Webcast, Hand, BXC, Security (finance), Pharmaceutical industry, Bank, Video game, Cryptocurrency, Van der Meer

ATLANTA, Oct. 31, 2023 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, today reported financial results for the three months ended September 30, 2023.

Key Points: 
  • ATLANTA, Oct. 31, 2023 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, today reported financial results for the three months ended September 30, 2023.
  • Adjusted EBITDA was $50 million, or 6.2% of net sales, for the third quarter of 2023, as compared to $100 million, or 9.4% of net sales in the third quarter of 2022.
  • Net cash generated from operating activities was $78 million in the third quarter of 2023 and free cash flow was $73 million.
  • BlueLinx will host a conference call on November 1, 2023, at 10:00 a.m. Eastern Time, accompanied by a supporting slide presentation.

BlueLinx Announces New $100 Million Share Repurchase Authorization

Retrieved on: 
Tuesday, October 31, 2023
Hand, Security (finance), Share repurchase, Bangladesh Securities and Exchange Commission, BXC, NYSE

The new authorization will be funded through a combination of cash on hand and cash flow from operations.

Key Points: 
  • The new authorization will be funded through a combination of cash on hand and cash flow from operations.
  • The Company completed its prior $100 million share repurchase program in early fiscal October 2023.
  • The authorization does not obligate the Company to acquire any particular amount of its common stock and may be suspended or discontinued at any time.
  • For further information, please see the Company’s current report on Form 8-K filed with the Securities and Exchange Commission on October 31, 2023.

BlueLinx to Host Third Quarter 2023 Results Conference Call and Webcast on November 1, 2023

Retrieved on: 
Wednesday, October 18, 2023
BXC, NYSE, Webcast

MARIETTA, Ga., Oct. 18, 2023 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue third quarter 2023 financial results after the market closes on Tuesday, October 31, 2023.

Key Points: 
  • MARIETTA, Ga., Oct. 18, 2023 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue third quarter 2023 financial results after the market closes on Tuesday, October 31, 2023.
  • A conference call to discuss the Company’s third quarter results will be hosted by Shyam Reddy, President and Chief Executive Officer, and Andy Wamser, Chief Financial Officer, on Wednesday, November 1, 2023, 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 https://investors.bluelinxco.com , and a replay of the webcast will be available shortly after the webcast is complete.
  • To participate in the live teleconference:
    To listen to a replay of the teleconference, which will be available through November 15, 2023:

BlueLinx Welcomes Todd Skaggs as Regional Vice President

Retrieved on: 
Monday, August 7, 2023
Great Lakes, Growth, Region, BXC, Beacon Building Products, NYSE, RVP, Skaggs, Safety, BlueLinx, Management

MARIETTA, Ga., Aug. 07, 2023 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, is pleased to announce the appointment of Todd Skaggs as Regional Vice President (RVP) for the West Region, effective August 7, 2023.

Key Points: 
  • MARIETTA, Ga., Aug. 07, 2023 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, is pleased to announce the appointment of Todd Skaggs as Regional Vice President (RVP) for the West Region, effective August 7, 2023.
  • In this position, he will report directly to Shyam Reddy, President, and Chief Executive Officer of BlueLinx.
  • Skaggs' remarkable career trajectory, from Branch Manager to Vice President, Pacific Region, speaks to his unwavering commitment to driving top-line growth while developing talent.
  • Commenting on Skaggs' appointment, Reddy stated, "We are delighted to welcome Todd as our new Regional Vice President for the West Region.

BlueLinx Announces Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 1, 2023
Share repurchase, Reddy, Public expenditure, Acquisition, BlueLinx, Webcast, Adjustment, Hand, BXC, NYSE, Security (finance), Video game, Cryptocurrency, Broadcasting

Our liquidity is exceptional and at the end of the period, net leverage was 0.6x.”

Key Points: 
  • Our liquidity is exceptional and at the end of the period, net leverage was 0.6x.”
    In the second quarter of 2023, net sales were $816 million, a decrease of $423 million, or 34% when compared to the second quarter of 2022.
  • Adjusted EBITDA was $49 million, or 6.0% of net sales, for the second quarter of 2023, as compared to $112 million, or 9.1% of net sales in the second quarter of 2022.
  • Net cash generated from operating activities was $64 million in the second quarter of 2023 and free cash flow was $59 million.
  • Through the first four weeks of the third quarter of 2023, specialty product gross margin was in the range of 18.5% to 19.5% with average daily volumes consistent with what we experienced during the second quarter of 2023.