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 Inc. (NYSE: BXC) will hold a conference call on August 4, 2020, at 10:00 a.m. Eastern Time to discuss its second-quarter financial results. The press release with the results will be available post-market on August 3. CEO Mitch Lewis and CFO Kelly Janzen will present the financial results during the call. Investors can join via telephone or access a live webcast on the company's website. BlueLinx operates as a major distributor of building and industrial products across 40 states, offering over 50,000 SKUs.
BlueLinx Holdings Inc. (NYSE:BXC) reported a net sales increase to $662 million in Q1 2020, up from $639 million the previous year, driven by higher volumes and price inflation. Gross margin improved to 14.1% from 13.5%, leading to an Adjusted EBITDA of $19.9 million. The company reduced its net loss to $0.8 million from $6.7 million. Despite the ongoing COVID-19 pandemic impacts, BlueLinx's operations have been designated essential, and it reports no significant supply chain disruptions. The company entered Q2 with approximately $97 million in cash and liquidity.