Bluelinx Hldgs Inc Stock Price, News & Analysis

BlueLinx Holdings (NYSE: BXC) has appointed Christopher Kelly Wall as Senior Vice President, Chief Financial Officer and Treasurer, effective May 19, 2025. Wall brings 30 years of finance experience and will oversee the company's financial strategy, capital markets activity, investor relations, and financial operations.

Wall joins from The Aaron's Company, where he served as EVP and CFO, leading initiatives including a public company spin-off, BrandsMart USA acquisition, and Aaron's take-private transaction in 2024. His prior experience includes senior financial roles at CNG Holdings and TMX Finance, and a 17-year career at Bank of America Merrill Lynch where he led over 200 capital markets transactions as Managing Director.

BlueLinx, a leading U.S. wholesale distributor of building products, reported its Q1 2025 financial results. The company achieved net sales of $709 million and a gross profit of $111 million, with a gross margin of 15.7%. Net income stood at $2.8 million ($0.33 per diluted share).

Key highlights include:

• Specialty products sales: $479 million
• Structural products sales: $230 million
• Adjusted EBITDA: $19.6 million (2.8% of net sales)
• Available liquidity: $795 million
• Cash and equivalents: $449 million

The company maintained solid margins despite challenging weather and market conditions. BlueLinx continued its shareholder-friendly approach by repurchasing $15 million worth of shares, with $31 million remaining in the authorization. Looking ahead, early Q2 2025 shows specialty product gross margins of 17-18% and structural product gross margins of 9-10%, with improved daily sales volumes compared to both Q1 2025 and Q2 2024.

BlueLinx Holdings (NYSE: BXC), a leading U.S. wholesale distributor of building products, has scheduled its first quarter 2025 financial results announcement for Tuesday, April 29, 2025, after market close. President and CEO Shyam Reddy and VP, Chief Accounting Officer, and Interim Principal Financial Officer Kimberly DeBrock will host a conference call on Wednesday, April 30, 2025, at 10:00 AM ET to discuss the results.

The presentation materials and webcast will be accessible through the company's Investor Relations website. A replay of the webcast will be available immediately after the event, and the teleconference replay will be accessible through May 7, 2025.

BlueLinx Holdings (NYSE: BXC) reported its Q4 and full-year 2024 financial results. For Q4 2024, the company achieved net sales of $711 million, with gross profit of $113 million and net income of $5.3 million ($0.62 per diluted share). The full year 2024 saw net sales of $3.0 billion, gross profit of $489 million, and net income of $53 million ($6.19 per diluted share).

The company maintained strong specialty product performance with gross margins of 18.4% in Q4, while structural products achieved 10.8% gross margins. BlueLinx completed $45 million in share repurchases during 2024 and maintained robust liquidity of $852 million, including $506 million in cash/cash equivalents.

Looking ahead to Q1 2025, specialty product gross margins are ranging between 18-19%, while structural product margins are at 8-9%. However, average daily sales volumes were down approximately 12% versus Q4 2024, primarily due to severe weather conditions.

BlueLinx Holdings (NYSE: BXC), a leading U.S. wholesale distributor of building products, has scheduled its fourth quarter and full year 2024 financial results announcement for Tuesday, February 18, 2025, after market close. The company will host a conference call and webcast on Wednesday, February 19, 2025, at 10:00 AM ET.

The call will be led by Shyam Reddy, President and CEO, and Kimberly DeBrock, VP, Chief Accounting Officer, and Interim Principal Financial Officer. Investors can access the webcast and presentation materials through the company's investor relations website. A replay will be available until March 5, 2025.

BlueLinx Holdings (NYSE: BXC) announced that Andrew Wamser is stepping down from his position as Senior Vice President, Chief Financial Officer and Treasurer to pursue an opportunity outside the building products industry. His last day will be January 24, 2025.

Kimberly DeBrock, the company's Vice President and Chief Accounting Officer, will serve as interim Principal Financial Officer while the company searches for Wamser's successor. The company's CEO, Shyam Reddy, emphasized that BlueLinx remains in a strong financial position and maintains its commitment to becoming the most technologically advanced two-step building products distributor in the United States.

BlueLinx Holdings (NYSE: BXC), a leading U.S. wholesale distributor of building products, and Louisiana-Pacific (NYSE: LPX), a leading manufacturer of engineered wood building products, announced the expansion of their distribution partnership.

This collaboration will now include LP's Siding Solutions brands and prefinished solutions, such as LP® SmartSide® Trim & Siding and LP® SmartSide® ExpertFinish® Trim & Siding, in the Central Region, specifically Monroe, Louisiana, and Little Rock, Arkansas.

This strategic move expands BlueLinx's stocking footprint of LP® SmartSide® to seventeen locations, spanning four of BlueLinx's regions across the United States.

Leo Oei, Vice President of Product Management and National Accounts at BlueLinx, emphasized the alignment of goals between the two companies, focusing on offering best-in-class specialty products to the single-family, multi-family, and light commercial building segments.

Sarah Galvin, LP National Account Manager, highlighted the expansion's role in broadening their distribution footprint and providing additional access to SmartSide® in both Primed and ExpertFinish®.

RDI® Railing, part of Oldcastle APG, announces a new distribution partnership with BlueLinx Holdings to expand its railing products distribution across North America. The partnership introduces RDI's award-winning railing line to BlueLinx locations in Richmond, Frederick, Indianapolis, Atlanta, and Chicago. The product line includes cable, composite, and aluminum railing solutions for residential and commercial applications, featuring various color and infill options. This collaboration expands BlueLinx's offerings in the growing Outdoor Railing category and aims to drive profitable sales growth while increasing product availability for customers.