Latest news with #BlueLinx
Yahoo
31-07-2025
- Business
- Yahoo
BlueLinx Holdings Inc (BXC) Q2 2025 Earnings Call Highlights: Navigating Market Challenges with ...
Net Sales: $780 million, up 2% year over year. Adjusted EBITDA: $26.8 million, representing a 3.4% adjusted EBITDA margin. Adjusted Net Income: $5.6 million or $0.70 per share. Gross Margin: 15.3%, down 60 basis points from the prior period. Specialty Products Net Sales: $543 million, up 1% year over year. Specialty Products Gross Margin: 18.5%, down 80 basis points from last year. Structural Products Net Sales: $237 million, up 3.4% compared to the prior year period. Structural Products Gross Margin: 8.2%, up 30 basis points from the same period last year. Cash on Hand: $387 million at the end of the quarter. Total Debt: $376 million, with a net debt of negative $11 million. Operating Cash Flow: Negative $27 million for the quarter. Free Cash Flow: Negative $36 million for the quarter. Share Repurchase: $20 million repurchased in Q2, with a new $50 million authorization approved. Warning! GuruFocus has detected 3 Warning Signs with BXC. Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points BlueLinx Holdings Inc (NYSE:BXC) reported solid gross margins for both specialty and structural products, with net sales and volumes increasing despite challenging market conditions. The company successfully executed its product and channel strategies, resulting in market share gains and strong demand creation efforts, particularly in the multi-family segment. BlueLinx Holdings Inc (NYSE:BXC) returned capital to shareholders by repurchasing $20 million of shares in Q2 and authorized a new $50 million share repurchase program. The company's digital transformation efforts are on track, with advancements in Oracle transportation management and e-commerce transactions, enhancing operational efficiencies. BlueLinx Holdings Inc (NYSE:BXC) maintained a strong financial position with significant liquidity, allowing flexibility in strategic initiatives and capital allocation. Negative Points Market-driven price deflation continues to impact profitability, particularly in certain product categories, despite volume growth. The housing market remains soft, with high mortgage rates and economic uncertainty affecting the building materials and distribution sector. The multi-family segment, while growing, leads to longer inventory holding periods and lower gross margins due to direct sales dynamics. Competitive pressures in the market require BlueLinx Holdings Inc (NYSE:BXC) to work harder to maintain and grow its business. The company's free cash flow was negative in Q2, primarily due to lower net income, seasonal working capital changes, and increased capital expenditures. Q & A Highlights Q: How did specialty volumes trend throughout the quarter, given the slower than expected builder spring selling season? A: Shyamsundar Reddy, CEO, explained that despite a 10% year-over-year decline in housing starts, BlueLinx's strategy to create demand through multi-family and builder pull-through efforts is working. They focused on engineered wood products (EWP), millwork, and structural product categories to drive growth, supporting customers and suppliers in achieving their growth objectives. Q: Can you provide more color on the primary drivers of the strong multi-family growth and the runway for continued share gains? A: Shyamsundar Reddy, CEO, noted that early investments in multi-family projects have paid off, providing a seasonal catalyst. BlueLinx has made both operational and capital investments to support the complexity of multi-family projects, working closely with key customers to win business. They leverage their team and services to support customers, offering creative program structures that benefit suppliers, customers, and BlueLinx. Q: Has the success of the Portland Greenfield accelerated the timeline for future greenfields, especially in key Western markets? A: Shyamsundar Reddy, CEO, stated that while the success of the Portland Greenfield accelerates their ability to have successful future greenfields, the main constraint is finding the right real estate. BlueLinx has an active greenfield market pipeline and is committed to opening more greenfields, working with real estate professionals to identify sites. Q: Are there any recent changes in broader industry conditions or competition? A: Shyamsundar Reddy, CEO, mentioned that while there is more certainty regarding tariffs, which could unlock pent-up demand, there are no significant changes beyond public information. Competition remains intense, but BlueLinx is controlling the narrative by driving demand through investments in new channel focus areas. Q: How does BlueLinx manage the risk of commodity volatility in multi-family projects? A: Shyamsundar Reddy, CEO, explained that BlueLinx has built a robust system for managing structural wood products, leveraging consigned and cash-on-hand inventory. They maintain strong planning and relationships with customers to manage volatility, focusing on turn days for committed inventory and evolving arrangements to ensure win-win scenarios for customers, suppliers, and BlueLinx. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Wire
29-07-2025
- Business
- Business Wire
BlueLinx Announces New $50 Million Share Repurchase Authorization
ATLANTA--(BUSINESS WIRE)--BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, announced today that its Board of Directors has approved a new share repurchase authorization under which the Company may repurchase up to $50 million of its outstanding shares of common stock in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The new authorization will be funded through a combination of cash on hand and cash flow from operations. At the end of June 2025, the Company had $11.5 million remaining under the $100 million share repurchase program announced in October 2023, bringing the total current authorized availability for repurchase to $61.5 million. 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 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 July 29, 2025. ABOUT BLUELINX BlueLinx Holdings Inc. (NYSE: BXC) is a leading U.S. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, and industrial products. With a strong market position, broad geographic coverage footprint servicing 50 states, and the strength of a locally focused sales force, we distribute a comprehensive range of products to our customers which include national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers and industrial manufacturers. BlueLinx provides a wide range of value-added services and solutions to our customers and suppliers, and we operate our business through a broad network of distribution centers. To learn more about BlueLinx, please visit
Business Wire
29-07-2025
- Business
- Business Wire
BlueLinx Announces Second Quarter 2025 Results
ATLANTA--(BUSINESS WIRE)--BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, today reported financial results for the three fiscal months ended June 28, 2025. SECOND QUARTER 2025 HIGHLIGHTS Net sales of $780 million Gross profit of $120 million, gross margin of 15.3% and specialty product gross margin of 18.5% Net income of $4.3 million, or $0.54 diluted earnings per share Adjusted net income of $5.6 million, or $0.70 adjusted diluted earnings per share Adjusted EBITDA of $26.8 million, or 3.4% of net sales Available liquidity of $730 million, including $387 million cash and cash equivalents on hand $20 million in share repurchases Announcement of new $50 million share repurchase authorization 'We are pleased with the continued execution of our product and channel strategies. Our second quarter results were highlighted by net sales and volume increases in both specialty products and structural products, despite soft market conditions,' said Shyam Reddy, President, and Chief Executive Officer of BlueLinx. 'We were also pleased with our solid specialty product margins in a competitive pricing environment. Structural product margins benefited from an increase in lumber prices, partially offset by a significant decline in panel prices during the quarter. While current market conditions remain challenging, we will continue executing our long-term profitable sales growth strategy to yield market share gains in multi-family and other strategic areas of focus.' 'With our continued strong balance sheet, significant liquidity, and low leverage, we remain well-positioned to accelerate our profitable sales growth as the home building industry rebounds,' said C. Kelly Wall, Senior Vice President, Chief Financial Officer and Treasurer of BlueLinx. 'During the second quarter, we purchased $20 million of stock, and today we announced a new $50 million share repurchase authorization, bringing the total availability for repurchase to $61.5 million. This new authorization further demonstrates our commitment to returning capital to shareholders.' SECOND QUARTER 2025 FINANCIAL PERFORMANCE In the second quarter of 2025, net sales were $780 million, an increase of $12 million, or 2% when compared to the second quarter of 2024. Sales growth in the current quarter was attributable to both structural and specialty products. Gross profit was $120 million, a decrease of $3 million, or 2%, year-over-year, and gross margin percentage was 15.3%, down 60 basis points from the same period last year. Net sales of specialty products, which include products such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products, were $543 million, an increase of $4 million, or 0.7% when compared to the second quarter of 2024. This increase in net sales for specialty products in the current quarter was due to higher volumes across several product categories, largely offset by price deflation driven by external market conditions. Gross profit from specialty product sales was $100 million, a decrease of $4 million, or 3.9% when compared to the second quarter of last year. Gross margin percentage for specialty products was 18.5% compared to 19.3% in the prior year quarter, a decline of 80 basis points. Net sales of structural products, which include products such as lumber, panels (including plywood and oriented strand board), rebar, and remesh, increased $7.8 million, or 3.4% when compared to the second quarter of 2024, to $237 million in the second quarter of 2025. The increase in structural sales was due to overall increases in lumber pricing, and increased lumber and panel volumes, partially offset by price declines in panels. Gross profit from sales of structural products was $19.4 million, an increase of $1.3 million from the prior year period, and gross margin percentage was 8.2%, compared to 7.9% in the prior year quarter. Selling, general and administrative ('SG&A') expenses were $95 million in the second quarter of 2025, $5.8 million higher than the prior year quarter. The year-over-year change in SG&A was primarily due to increased sales and logistics expenses driven by higher product volumes, our strategy to grow sales in the multi-family channel, and expenses associated with our digital transformation initiative. Net income was $4.3 million, or $0.54 per diluted share, versus $14.3 million, or $1.65 per diluted share, in the prior year quarter. Adjusted Net Income was $5.6 million, or $0.70 per diluted share compared to $14.7 million, or $1.68 per diluted share in the second quarter of last year. Adjusted EBITDA was $26.8 million, or 3.4% of net sales, for the second quarter of 2025, compared to $34.4 million, or 4.5% of net sales in the second quarter of 2024. Net cash used in operating activities was $27 million in the second quarter of 2025 and free cash flow was $(36) million due to lower net income, seasonal changes in working capital, and increases in capital expenditures largely tied to our growth strategies and digital transformation. CAPITAL ALLOCATION AND FINANCIAL POSITION During the second quarter of 2025, we invested $9.9 million in property and equipment, primarily for improvements to our distribution facilities and for our digital transformation initiative. We also entered into new finance leases of $5 million, mainly to enhance our fleet. Additionally, we purchased approximately $20 million of the Company's common stock through open market transactions under our previous $100 million share repurchase program announced in 2023. Our Board of Directors has approved a new $50 million share repurchase authorization, bringing the total current authorized availability for repurchase to $61.5 million. Under the share repurchase authorization, the Company may repurchase its common stock from time to time, without prior notice, subject to prevailing market conditions and other considerations. As of June 28, 2025, total debt and finance lease obligations, but excluding real property finance lease obligations, was $376 million. This consisted of $300 million of senior secured notes that mature in 2029 and $76 million of finance lease obligations for equipment. Net debt was ($11) million, which consisted of total debt and finance leases excluding real property finance lease obligations of $376 million, less cash and cash equivalents of $387 million, resulting in a net leverage ratio of (0.1x) using a trailing twelve-month Adjusted EBITDA of $105 million. Available liquidity was $730 million which included an undrawn revolving credit facility that had $343 million of availability plus cash and cash equivalents of $387 million. THIRD QUARTER 2025 OUTLOOK Through the first four weeks of the third quarter of 2025, specialty product gross margin was in the range of 17% to 18% and structural product gross margin was in the range of 8% to 9%. Average daily sales volumes were up slightly compared to the second quarter of 2025, and consistent with the third quarter of 2024. CONFERENCE CALL INFORMATION BlueLinx will host a conference call on July 30, 2025, at 10:00 a.m. Eastern Time, accompanied by a supporting slide presentation. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the BlueLinx website at and a replay of the webcast will be available at the same site shortly after the webcast is complete. To participate in the live teleconference: Domestic Live: 1-888-660-6392 Passcode: 9140086 To listen to a replay of the teleconference, which will be available through August 6, 2025: Domestic Replay: 1-800-770-2030 Passcode: 9140086 ABOUT BLUELINX BlueLinx Holdings Inc. (NYSE: BXC) is a leading U.S. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, and industrial products. With a strong market position, broad geographic coverage footprint servicing 50 states, and the strength of a locally focused sales force, we distribute a comprehensive range of products to our customers which include national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers and industrial manufacturers. BlueLinx provides a wide range of value-added services and solutions to our customers and suppliers, and we operate our business through a broad network of distribution centers. To learn more about BlueLinx, please visit FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements. Forward-looking statements include, without limitation, any statement that predicts, forecasts, indicates or implies future results, performance, liquidity levels or achievements, and may contain the words 'believe,' 'anticipate,' 'could,' 'expect,' 'estimate,' 'intend,' 'may,' 'project,' 'plan,' 'should,' 'will,' 'will be,' 'will likely continue,' 'will likely result,' 'would,' or words or phrases of similar meaning. The forward-looking statements in this press release include statements about our strategy, liquidity, and debt, our long-run positioning relative to industry conditions, future share repurchases, and the information set forth under the heading 'Third Quarter 2025 Outlook'. Forward-looking statements in this press release are based on estimates and assumptions made by our management that, although believed by us to be reasonable, are inherently uncertain. Forward-looking statements involve risks and uncertainties that may cause our business, strategy, or actual results to differ materially from the forward-looking statements. These risks and uncertainties include those discussed in greater detail in our filings with the Securities and Exchange Commission. We operate in a changing environment in which new risks can emerge from time to time. It is not possible for management to predict all of these risks, nor can it assess the extent to which any factor, or a combination of factors, may cause our business, strategy, or actual results to differ materially from those contained in forward-looking statements. Factors that may cause these differences include, among other things: adverse housing market conditions; consolidation among competitors, suppliers, and customers; escalating changes in retaliatory trade policies of the United States and other countries; our dependence on international suppliers and manufacturers for certain products and related exposure to risks of new or increased tariffs and other risks that could affect our financial condition; disintermediation risk; pricing and product cost variability; volumes of product sold; competition; the cyclical nature of the industry in which we operate; loss of products or key suppliers and manufacturers; information technology security risks and business interruption risks; effective inventory management relative to our sales volume or the prices of the products we produce; the ability to attract, train, and retain highly qualified associates and other key personnel while controlling related labor costs; potential acquisitions and the integration and completion of such acquisitions; business disruptions; exposure to product liability and other claims and legal proceedings related to our business and the products we distribute; natural disasters, catastrophes, fire, wars or other unexpected events; the impacts of climate change; successful implementation of our strategy; wage increases or work stoppages by our union employees; costs imposed by federal, state, local, and other regulations; compliance costs associated with federal, state, and local environmental protection laws; the effects of epidemics, global pandemics or other widespread public health crises and governmental rules and regulations; fluctuations in our operating results; our level of indebtedness and our ability to incur additional debt to fund future needs; the covenants of the instruments governing our indebtedness limiting the discretion of our management in operating the business; the potential to incur more debt; the fact that we have consummated certain sale leaseback transactions with resulting long-term non-cancelable leases, many of which are or will be finance leases; the fact that we lease many of our distribution centers, and we would still be obligated under these leases even if we close a leased distribution center; inability to raise funds necessary to finance a required repurchase of our senior secured notes; a lowering or withdrawal of debt ratings; changes in our product mix; increases in fuel and other energy prices or availability of third-party freight providers; changes in insurance-related deductible/retention liabilities based on actual loss development experience; the possibility that the value of our deferred tax assets could become impaired; changes in our expected annual effective tax rate could be volatile; the costs and liabilities related to our participation in multi-employer pension plans could increase; the risk that our cash flows and capital resources may be insufficient to service our existing or future indebtedness; interest rate risk, which could cause our debt service obligations to increase; and changes in, or interpretation of, accounting principles. Given these risks and uncertainties, we caution you not to place undue reliance on forward-looking statements. We expressly disclaim any obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law. NON-GAAP MEASURES AND SUPPLEMENTAL FINANCIAL INFORMATION The Company reports its financial results in accordance with GAAP. The Company also believes that the presentation of certain non-GAAP measures may be useful to investors and may provide a more complete understanding of the factors and trends affecting the business than using reported GAAP results alone. Any non-GAAP measures used herein are reconciled to their most directly comparable GAAP measures herein in the 'Reconciliation of Non-GAAP Measurements' table later in this release. The Company cautions that non-GAAP measures are not intended to present superior measures of our financial condition from those measures determined under GAAP and should be considered in addition to, but not as a substitute for, the Company's reported GAAP results. The Company further cautions that its non-GAAP measures, as used herein, are not necessarily comparable to other similarly titled measures of other companies due to differences in methods of calculation. Adjusted EBITDA and Adjusted EBITDA Margin. BlueLinx defines Adjusted EBITDA as an amount equal to net income (loss) plus interest expense and all interest expense related items, income taxes, depreciation and amortization, and further adjusted for certain non-cash items and other special items, including expenses from share-based compensation, one-time charges associated with the legal, consulting, and professional fees related to our merger and acquisition activities, gains or losses on sales of properties, amortization of deferred gains on real estate, and expense associated with our restructuring activities, such as severance, in addition to other significant and/or one-time, nonrecurring, non-operating items. The Company presents Adjusted EBITDA because it is a primary measure used by management to evaluate operating performance. Management believes this metric helps to enhance investors' overall understanding of the financial performance and cash flows of the business. Management also believes Adjusted EBITDA is helpful in highlighting operating trends. Adjusted EBITDA is frequently used by securities analysts, investors, and other interested parties in their evaluation of companies, many of which present an Adjusted EBITDA measure when reporting their results. We determine our Adjusted EBITDA Margin, which we sometimes refer to as our Adjusted EBITDA as a percentage of net sales, by dividing our Adjusted EBITDA for the applicable period by our net sales for the applicable period. We believe that this ratio is useful to investors because it more clearly defines the quality of earnings and operational efficiency of translating sales to profitability. Adjusted Net Income and Adjusted Earnings Per Share. BlueLinx defines Adjusted Net Income as Net Income adjusted for certain non-cash items and other special items, including expenses from share-based compensation, one-time charges associated with the legal, consulting, and professional fees related to our merger and acquisition activities, gains or losses on sales of properties, amortization of deferred gains on real estate, and expense associated with our restructuring activities, such as severance, in addition to other significant and/or one-time, nonrecurring, non-operating items, further adjusted for the tax impacts of such reconciling items. BlueLinx defines Adjusted Earnings Per Share (basic and/or diluted) as the Adjusted Net Income for the period divided by the weighted average outstanding shares (basic and/or diluted) for the periods presented. We believe that Adjusted Net Income and Adjusted Earnings Per Share (basic and/or diluted) are useful to investors to enhance investors' overall understanding of the financial performance of the business. Management also believes Adjusted Net Income and Adjusted Earnings Per Share (basic and/or diluted) are helpful in highlighting operating trends. Our Adjusted Net Income and Adjusted Earnings Per Share (basic and/or diluted) are not presentations made in accordance with GAAP and are not intended to present superior measures of our financial condition from those measures determined under GAAP. Adjusted Net Income and Adjusted Earnings Per Share (basic or diluted), as used herein, are not necessarily comparable to other similarly titled captions of other companies due to differences in methods of calculation. These non-GAAP measures are reconciled in the 'Reconciliation of Non-GAAP Measurements' table later in this release. Free Cash Flow. BlueLinx defines free cash flow as net cash provided by, or used in, operating activities less total capital expenditures. Free cash flow is a measure used by management to assess our financial performance, and we believe it is useful for investors because it relates the operating cash flow of the Company to the capital that is spent to continue and improve business operations. In particular, free cash flow indicates the amount of cash generated or used after capital expenditures that can be used for, among other things, investment in our business, strengthening our balance sheet, and repayment of our debt obligations. Free cash flow does not represent the residual cash flow available for discretionary expenditures since there may be other nondiscretionary expenditures that are not deducted from the measure. Free cash flow is not a presentation made in accordance with GAAP and is not intended to present a superior measure of financial condition from those determined under GAAP. Free cash flow, as used herein, is not necessarily comparable to other similarly titled captions of other companies due to differences in methods of calculation. This non-GAAP measure is reconciled in the 'Reconciliation of Non-GAAP Measurements' table later in this release. Net Debt, Net Debt Excluding Real Property Finance Lease Liabilities, Overall Net Leverage Ratio, and Net Leverage Ratio Excluding Real Property Finance Lease Liabilities. BlueLinx calculates Net Debt as its total short- and long-term debt, including outstanding balances under our term loan and revolving credit facility and the total amount of its obligations under finance leases, less cash and cash equivalents. Net Debt Excluding Real Property Finance Lease Liabilities is calculated in the same manner as Net Debt, except the total amount of obligations under real estate finance leases are excluded. Although our credit agreements do not contain leverage covenants, a net leverage ratio excluding finance lease obligations for real property is included within the terms of our revolving credit agreement. We believe that Net Debt and Net Debt Excluding Real Property Finance Lease Liabilities are useful to investors because our management reviews both metrics as part of its management of overall liquidity, financial flexibility, capital structure and leverage, and creditors and credit analysts monitor our net debt as part of their assessments of our business. We determine our Overall Net Leverage Ratio by dividing our Net Debt by Twelve-Month Trailing Adjusted EBITDA. Our calculation of Net Leverage Ratio Excluding Real Property Finance Lease Liabilities is determined by dividing our Net Debt Excluding Real Property Finance Lease Liabilities by Twelve-Month Trailing Adjusted EBITDA. We believe that these ratios are useful to investors because they are indicators of our ability to meet our future financial obligations. In addition, our Net Leverage Ratio is a measure that is frequently used by investors and creditors. Our Net Debt, Net Debt Excluding Real Property Finance Lease Liabilities, Overall Net Leverage Ratio, and Net Leverage Ratio Excluding Real Property Finance Lease Liabilities are not made in accordance with GAAP and are not intended to present a superior measure of our financial condition from measures and ratios determined under GAAP. The calculations of our Net Debt, Net Debt Excluding Real Property Finance Lease Liabilities, Overall Net Leverage Ratio, and Net Leverage Ratio Excluding Real Property Finance Lease Liabilities are presented in a subsequent table. Net Debt, Net Debt Excluding Real Property Finance Lease Liabilities, Overall Net Leverage Ratio, and Net Leverage Ratio Excluding Real Property Finance Lease Liabilities, as used herein, are not necessarily comparable to other similarly titled captions of other companies due to differences in methods of calculation. BLUELINX HOLDINGS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) As of June 28, 2025 December 28, 2024 (In thousands, except share data) ASSETS Current assets: Cash and cash equivalents $ 386,765 $ 505,622 Receivables, less allowances of $5,024 and $4,344, respectively 278,737 225,837 Inventories, net 391,484 355,909 Other current assets 47,635 46,620 Total current assets 1,104,621 1,133,988 Property and equipment, at cost 475,070 443,628 Accumulated depreciation (193,902 ) (194,072 ) Property and equipment, net 281,168 249,556 Operating lease right-of-use assets 50,652 47,221 Goodwill 55,372 55,372 Intangible assets, net 24,974 26,881 Deferred income tax asset, net 52,215 50,578 Other non-current assets 15,033 14,121 Total assets $ 1,584,035 $ 1,577,717 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 177,990 $ 170,202 Accrued compensation 12,381 16,706 Finance lease liabilities - current 16,926 12,541 Operating lease liabilities - current 8,803 8,478 Real estate deferred gains - current 3,935 3,935 Other current liabilities 22,682 21,862 Total current liabilities 242,717 233,724 Long-term debt 295,723 295,061 Finance lease liabilities, less current portion 300,631 280,002 Operating lease liabilities, less current portion 43,424 40,114 Real estate deferred gains, less current portion 61,329 63,296 Other non-current liabilities 18,899 19,079 Total liabilities 962,723 931,276 Commitments and contingencies STOCKHOLDERS' EQUITY: Preferred Stock, $0.01 par value, 30,000,000 shares authorized, none outstanding — — Common Stock, $0.01 par value, 20,000,000 shares authorized, 7,880,465 and 8,294,798 outstanding, respectively 79 83 Additional paid-in capital 91,863 124,103 Retained earnings 529,370 522,255 Total stockholders' equity 621,312 646,441 Total liabilities and stockholders' equity $ 1,584,035 $ 1,577,717 Expand BLUELINX HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 (In thousands) Cash flows from operating activities: Net income $ 4,310 $ 14,336 $ 7,115 $ 31,828 Adjustments to reconcile net income to net cash (used in) provided by operations: Depreciation and amortization 9,790 10,120 19,344 19,553 Amortization of debt discount and issuance costs 330 330 662 660 Insurance recoveries in excess of carrying values of property & equipment — — (2,443 ) — Provision for deferred income taxes (1,208 ) (48 ) (1,637 ) (421 ) Amortization of deferred gains from real estate (983 ) (984 ) (1,967 ) (1,968 ) Share-based compensation 2,341 1,405 4,863 3,755 Changes in operating assets and liabilities: Accounts receivable (3,163 ) 14,707 (52,900 ) (45,127 ) Inventories 8,071 13,369 (35,575 ) (13,935 ) Accounts payable (34,770 ) 6,339 7,014 20,123 Other current assets (4,327 ) (4,055 ) (2,707 ) (9,612 ) Other assets and liabilities (7,149 ) (19,716 ) (2,435 ) (188 ) Net cash (used in) provided by operating activities (26,758 ) 35,803 (60,666 ) 4,668 Cash flows from investing activities: Proceeds from asset sales and insurance recoveries 65 147 2,605 274 Disbursements for property and equipment (9,607 ) (6,454 ) (15,539 ) (11,901 ) Net cash used in investing activities (9,542 ) (6,307 ) (12,934 ) (11,627 ) Cash flows from financing activities: Common stock repurchases (20,381 ) (14,529 ) (35,386 ) (14,529 ) Repurchase of shares to satisfy employee tax withholdings (1,742 ) (1,545 ) (1,770 ) (2,452 ) Principal payments on finance lease liabilities (3,832 ) (3,339 ) (8,101 ) (6,411 ) Net cash used in financing activities (25,955 ) (19,413 ) (45,257 ) (23,392 ) Net change in cash and cash equivalents (62,255 ) 10,083 (118,857 ) (30,351 ) Cash and cash equivalents at beginning of period 449,020 481,309 505,622 521,743 Cash and cash equivalents at end of period $ 386,765 $ 491,392 $ 386,765 $ 491,392 Expand BLUELINX HOLDINGS INC. GROSS PROFIT AND GROSS MARGIN (Unaudited) June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 (Dollar amounts in thousands) Net sales by product category: Specialty products $ 543,459 $ 539,466 $ 1,022,846 $ 1,043,300 Structural products 236,648 228,897 466,487 451,307 Total net sales $ 780,107 $ 768,363 $ 1,489,333 $ 1,494,607 Gross profit by product category: Specialty products $ 100,282 $ 104,350 $ 190,060 $ 208,399 Structural products 19,407 18,094 40,758 41,726 Total gross profit $ 119,689 $ 122,444 $ 230,818 $ 250,125 Gross margin % by product category: Specialty products 18.5 % 19.3 % 18.6 % 20.0 % Structural products 8.2 % 7.9 % 8.7 % 9.2 % Company gross margin % 15.3 % 15.9 % 15.5 % 16.7 % Expand BLUELINX HOLDINGS INC. (Unaudited) June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 (In thousands) Net income $ 4,310 $ 14,336 $ 7,115 $ 31,828 Adjustments: Depreciation and amortization 9,790 10,120 19,344 19,553 Interest expense, net 8,457 4,801 15,037 9,425 Provision for income taxes 2,268 4,710 3,607 10,262 Share-based compensation expense 2,341 1,405 4,863 3,755 Amortization of deferred gains on real estate (983 ) (984 ) (1,967 ) (1,968 ) Restructuring and other (1)(4) 581 7 (1,677 ) 321 Adjusted EBITDA $ 26,764 $ 34,395 $ 46,322 $ 73,176 Expand Trailing Twelve Fiscal Months Ended June 28, 2025 December 28, 2024 June 29, 2024 (In thousands) Net income $ 28,403 $ 53,116 $ 38,086 Adjustments: Depreciation and amortization 38,279 38,488 35,927 Interest expense, net 24,976 19,364 19,173 Provision for income taxes 10,916 17,571 29,468 Share-based compensation expense 8,857 7,749 9,315 Amortization of deferred gains on real estate (3,933 ) (3,934 ) (3,934 ) Gain from sales of property (1) (272 ) (272 ) — Pension settlement and related cost (1)(2) (2,481 ) (2,481 ) 31,628 Acquisition-related expenses (1)(3) — — 261 Restructuring and other (1)(4) (243 ) 1,755 143 Adjusted EBITDA $ 104,502 $ 131,356 $ 160,067 Expand The following notes relate to both of the tables presented above for Adjusted EBITDA: (1) Reflects non-recurring items of approximately $0.6 million in net beneficial items in the current quarter. For the trailing twelve months ended June 28, 2025, December 28, 2024, and June 29, 2024, reflects approximately $3.0 million of net non-beneficial items, $1.0 million of net non-beneficial items, and $32.0 million of net beneficial items, respectively. (2) Reflects expenses and related adjustments to our previously disclosed settlement of the BlueLinx Corporation Hourly Retirement Plan (defined benefit) in 4Q 2023. (3) Reflects primarily legal, professional, technology and other integration expenses. (4) Includes insurance recoveries received in 1Q 2025 that exceeded the carrying values of property and equipment damaged or destroyed at our Erwin, Tennessee owned facility by Hurricane Helene in late third quarter 2024, expenses related to our 2023 restructuring efforts such as severance, and other one-time non-operating items in 2025, 2024, and 2023. Expand (1) Tax impact calculated based on the effective income tax rate for the respective three and six-month periods presented. In the following table, our Adjusted EBITDA margin (non-GAAP) is calculated and compared to Net income as a percentage of Net sales, with and without the benefits of the import duty-related items: Expand June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 (Dollar amounts in thousands) Net sales $ 780,107 $ 768,363 $ 1,489,333 $ 1,494,607 Net income $ 4,310 $ 14,336 $ 7,115 $ 31,828 Net income as a percentage of Net sales 0.6 % 1.9 % 0.5 % 2.1 % Net sales $ 780,107 $ 768,363 $ 1,489,333 $ 1,494,607 Adjusted EBITDA - non-GAAP (1) $ 26,764 $ 34,395 $ 46,322 $ 73,176 Adjusted EBITDA margin - non-GAAP 3.4 % 4.5 % 3.1 % 4.9 % (1) See the table that reconciles Net income to Adjusted EBITDA (non-GAAP). Expand BLUELINX HOLDINGS INC. LIQUIDITY MEASURES (Unaudited) The following schedule reconciles Total debt and finance leases to: Net debt (non-GAAP) and to Net debt excluding finance lease liabilities for real property (non-GAAP). The calculations of Net leverage ratio (non-GAAP) and Net leverage ratio excluding real property finance leases liabilities (non-GAAP) are also presented. Expand As of June 28, 2025 December 28, 2024 June 29, 2024 ($ amounts in thousands) Long term debt (1) $ 300,000 $ 300,000 $ 300,000 Finance lease liabilities for equipment and vehicles 75,570 49,785 47,979 Finance lease liabilities for real property 241,987 242,758 243,359 Total debt and finance leases 617,557 592,543 591,338 Less: available cash and cash equivalents 386,765 505,622 491,392 Net debt (non-GAAP) $ 230,792 $ 86,921 $ 99,946 Net debt, excluding finance lease liabilities for real property (non-GAAP) $ (11,195 ) $ (155,837 ) $ (143,413 ) Trailing twelve-month adjusted EBITDA (non-GAAP, see above reconciliations) $ 104,502 $ 131,356 $ 160,067 Net leverage ratio 2.2x 0.7x 0.6x Net leverage ratio excluding real property finance lease liabilities (2) (0.1x) (1.2.x) (0.9x) Expand (1) As of June 28, 2025, December 28, 2024, and June 29, 2024, our long-term debt is comprised of $300 million of senior-secured notes issued in October 2021. These notes are presented under the long-term debt caption of our unaudited condensed consolidated balance sheets at $295.7 million, $295.1 million, and $294.4 million as of June 28, 2025, December 28, 2024, and June 29, 2024, respectively. This presentation is net of their unamortized issuance costs and discount. Our senior secured notes are presented in this table at their face value for the purpose of calculating our net leverage ratio. (2) Net leverage ratio excluding finance lease obligations for real property is included within the terms of our revolving credit agreement. Expand
Globe and Mail
16-07-2025
- Business
- Globe and Mail
BlueLinx to Host Second Quarter 2025 Results Conference Call and Webcast on July 30, 2025
BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue second quarter 2025 financial results after the market closes on Tuesday, July 29, 2025. A conference call to discuss the Company's results will be hosted by Shyam Reddy, President and Chief Executive Officer, and C. Kelly Wall, Senior Vice President, Chief Financial Officer and Treasurer, on Wednesday, July 30, 2025, 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 and a replay of the webcast will be available shortly after the webcast is complete. To participate in the live teleconference: Domestic Live: 1-888-660-6392 International Live: 1-929-203-0899 Passcode: 9140086 To listen to a replay of the teleconference, which will be available through August 6, 2025: Domestic Replay: 1-800-770-2030 International Replay: 1-609-800-9909 Passcode: 9140086 ABOUT BLUELINX BlueLinx Holdings Inc. (NYSE: BXC) is a leading U.S. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, and industrial products. With a strong market position, broad geographic coverage footprint servicing 50 states, and the strength of a locally focused sales force, we distribute a comprehensive range of products to our customers which include national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers and industrial manufacturers. BlueLinx provides a wide range of value-added services and solutions to our customers and suppliers, and we operate our business through a broad network of distribution centers. To learn more about BlueLinx, please visit
Yahoo
16-07-2025
- Business
- Yahoo
BlueLinx to Host Second Quarter 2025 Results Conference Call and Webcast on July 30, 2025
ATLANTA, July 16, 2025--(BUSINESS WIRE)--BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue second quarter 2025 financial results after the market closes on Tuesday, July 29, 2025. A conference call to discuss the Company's results will be hosted by Shyam Reddy, President and Chief Executive Officer, and C. Kelly Wall, Senior Vice President, Chief Financial Officer and Treasurer, on Wednesday, July 30, 2025, 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 and a replay of the webcast will be available shortly after the webcast is complete. To participate in the live teleconference: Domestic Live: 1-888-660-6392 International Live: 1-929-203-0899 Passcode: 9140086 To listen to a replay of the teleconference, which will be available through August 6, 2025: Domestic Replay: 1-800-770-2030 International Replay: 1-609-800-9909 Passcode: 9140086 ABOUT BLUELINX BlueLinx Holdings Inc. (NYSE: BXC) is a leading U.S. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, and industrial products. With a strong market position, broad geographic coverage footprint servicing 50 states, and the strength of a locally focused sales force, we distribute a comprehensive range of products to our customers which include national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers and industrial manufacturers. BlueLinx provides a wide range of value-added services and solutions to our customers and suppliers, and we operate our business through a broad network of distribution centers. To learn more about BlueLinx, please visit View source version on Contacts Tom MorabitoInvestor Relations Officer(470) 394-0099investor@
