BlueLinx Holdings Inc. reports on its role as a U.S. wholesale distributor of residential and commercial building products. Company news commonly covers quarterly operating results, gross margin trends, liquidity, share repurchases, and sales performance across specialty and structural product categories.
Updates also describe BlueLinx's branded and private-label building-product portfolio, including lumber, panels, engineered wood, siding, millwork, outdoor living and industrial products. Recurring developments include distribution partnerships, product launches, acquisition-related integration, customer-channel activity, and leadership or commercial-organization changes across its nationwide distribution-center network.
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.