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 U.S. wholesale distributor of residential and commercial building products, with activity spanning specialty and structural categories. The BlueLinx news feed captures company announcements that shed light on its operating performance, expansion initiatives, governance developments, and financing decisions, giving readers context for how the business evolves over time.
Investors following BXC news will find regular earnings releases, where BlueLinx reports net sales, gross profit, and segment performance for specialty and structural products. These updates often include commentary on pricing trends in lumber and panels, volume changes, margin dynamics, and the impact of items such as duty-related adjustments. Management also uses these releases to discuss its long-term profitable sales growth strategy, including efforts in multi-family channels and digital transformation.
The news stream also features transaction and expansion announcements. Examples include the acquisition of Disdero Lumber Co., LLC, a value-added distributor of premium specialty wood products, and the expansion of a distribution partnership with Oldcastle APG, which doubled the RDI Railing distribution footprint and added new MoistureShield Decking markets. Such items illustrate how BlueLinx seeks to enhance its specialty product mix, extend its geographic reach, and support channels like high-end residential and multi-family construction.
Other BlueLinx news items highlight capital structure and governance developments, such as new share repurchase authorizations, the establishment of a syndicated secured asset-based revolving credit facility, and Board and executive leadership changes, including director appointments and commercial leadership transitions. Together, these updates help readers understand how BlueLinx manages liquidity, allocates capital, and oversees its business. For anyone tracking BXC stock, revisiting this news page provides a consolidated view of the company’s key announcements and strategic moves.
BlueLinx Holdings (NYSE: BXC) has successfully repaid approximately $16 million of its term loan facility as of April 2, 2021, utilizing funds from its revolving credit facility. This repayment aims to lower cash interest expenses and streamline the company’s capital structure. CFO Kelly Janzen highlighted the firm’s focus on deleveraging while maintaining liquidity for growth, reflecting confidence in the strength of its end-markets and efficient working capital management. BlueLinx operates across 40 states, distributing building products to over 15,000 clients.
BlueLinx reported a record year with net sales of $865 million and net income of $20 million in Q4 2020, driven by strong demand in residential construction and renovation. Full-year net sales reached $3.1 billion, up 17% from the previous year, with adjusted EBITDA hitting $170 million, a $99 million increase. The company reduced total bank debt by 30% to improve financial stability. Key growth areas included specialty products, with significant price inflation in commodity wood contributing to results. Positive market conditions are expected to persist into 2021.
BlueLinx Holdings (NYSE: BXC) announced the appointment of Carol B. Yancey to its Board of Directors, effective February 15, 2021. Yancey, currently the CFO of Genuine Parts Co., brings extensive financial expertise and industry knowledge. She will also serve on the audit and governance committees. The board believes her skills will enhance BlueLinx's growth strategies and operational efficiency in capital markets and margin enhancement.
BlueLinx Holdings (NYSE: BXC) will announce its fourth quarter and full year 2020 financial results on March 3, 2021, after market close. A conference call will follow on March 4, 2021, at 10:00 AM ET with CEO Mitch Lewis and CFO Kelly Janzen. The call will be accessible via webcast on the BlueLinx Investor Relations website. Interested participants can join the live teleconference by calling 877.873.5864, passcode 7526639. A replay will be available until March 11, 2021, by dialing 404.537.3406, also using the passcode 7526639.
BlueLinx Holdings reported impressive Q3 2020 results with net sales reaching $871 million, a 28.3% increase year-over-year. The net income surged to $55 million, up from a $7 million loss last year. Adjusted EBITDA also hit a record of $81 million, compared to $19 million in Q3 2019. The company reduced its total outstanding bank debt by $181 million, enhancing liquidity to $202 million. Despite challenges from the COVID-19 pandemic, BlueLinx capitalized on a strong housing market and rising commodity prices.
BlueLinx (NYSE: BXC) will release its third quarter 2020 financial results after market close on October 28, 2020. A conference call, featuring CEO Mitch Lewis and CFO Kelly Janzen, will take place on October 29, 2020, at 10:00 AM ET. Investors can access a webcast of the call along with presentation materials at the BlueLinx Investor Relations website. A replay of the call will be available until November 6, 2020. BlueLinx is a leading distributor in the U.S. with a product range servicing 40 states and approximately 15,000 customers.
BlueLinx Holdings Inc. (NYSE: BXC) announced an amendment to its universal shelf registration statement, originally filed in November 2019. This amendment is necessary to prevent the filing from being deemed abandoned by the SEC, as no actions were taken to pursue its effectiveness after the initial filing. While there are currently no plans to issue securities, successful effectiveness of the registration would allow the company to offer up to $50 million in various securities. This move positions BlueLinx for future capital opportunities.
BlueLinx Holdings (NYSE: BXC) has successfully completed a sale-leaseback transaction involving its Denver distribution facility, generating $10.6 million in net cash proceeds. This transaction, finalized on August 14, 2020, allowed BlueLinx to repay part of its term loan, reducing its balance to approximately $57.8 million. The company will no longer be subject to the total net leverage ratio covenant of the loan, provided the balance stays below $45 million. Management indicates ongoing efforts to monetize real estate assets as part of a broader deleveraging strategy.
BlueLinx Holdings Inc. (NYSE:BXC) has announced a new distribution agreement with LP Building Solutions to distribute LP® SmartSide® and LP® SmartSide® ExpertFinish® Trim & Siding in Northeast U.S. markets. This partnership will enhance BlueLinx's product offerings and improve customer service. The products will be distributed from various facilities across the Northeast, contributing to BlueLinx's commitment to provide high-quality building solutions. The agreement aligns with LP's growth strategy and aims to increase efficiency in installations and aesthetics.
BlueLinx Holdings reported net sales of $699 million for Q2 2020, slightly down from $706 million in Q2 2019. Gross margin improved to 14.4% from 13.3%, and net income rose to $7 million from $6 million. Adjusted EBITDA increased by 24% to $31 million. The company reduced debt by $125 million and has $138 million available in cash and credit. Despite challenges from COVID-19, BlueLinx observed market recovery with increased housing starts and improved commodity prices, affirming operational advancements from 2019.