BlueLinx Holdings Inc.

Listed Company

BXCCIK 0001301787NYSELarge AcceleratedWholesale-Lumber, Plywood, Millwork & Wood PanelsDelawareFY ends Jan 2

Period

FY 2025

Revenue

$2.95B

Net Income

$219.0K

Total Assets

$1.55B

Equity

$617.32M

Shares Out

7.87M

Op. Cash Flow

$59.78M

Business

BlueLinx Holdings Inc. is a wholesale two-step distributor of residential and commercial building products in the United States. It offers a broad portfolio of branded and private-label SKUs including specialty products (engineered wood, siding, millwork, outdoor living products, specialty lumber and panels, and industrial products) and structural products (lumber, plywood, oriented strand board, rebar and remesh), plus value-added services like delivery, inventory stocking, milling, EDI and logistics solutions. The company operates through specialty and structural product categories and value-added service offerings. It serves customers nationwide across warehouse sales, reload sales and direct manufacturer-to-customer distribution channels.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	2,954	2,953	3,136	4,450	4,277
Cost of products sold	2,502	2,463	2,609	3,617	3,499
Gross profit	452	489	527	833	778
Selling, general, and administrative	381	366	356	366	322
Depreciation and amortization	40	38	32	28	28
Recognition of deferred gains on real estate	−4	−4	−4	—	—
Gain from sale of property	0	−272,000	0	−144,000	−8
Other operating expenses	2	2	5	4	2
Total operating expenses	419	402	389	394	340
Operating income	32	88	138	439	438
Interest expense, net	32	19	24	42	—
Settlement of defined benefit pension plan	0	−3	30	0	—
Other expense, net	0	0	2	2	−1
Income before provision (benefit) for income taxes	129,000	71	82	395	394
(Benefit) provision for income taxes	−90,000	18	33	99	98
Net income	219,000	53	49	296	296
Basic earnings per share (in dollars per share)	0.02	6.22	5.4	31.75	30.8
Diluted earnings per share (in dollars per share)	0.02	6.19	5.39	31.51	29.99
Actuarial loss on defined benefit plan, net of tax $1,090	0	0	−3	−3	6
Amortization of unrecognized pension gain, net of tax of $(325)	0	0	882,000	627,000	1
Settlement of frozen defined benefit pension plan, including tax of $4,472	0	0	35	0	0
Other	0	0	−1	378,000	22,000
Total other comprehensive income	0	0	31	−2	7
Comprehensive income	219,000	53	80	294	303

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	386	506	522	299	85
Accounts receivable, net	218	226	228	252	340
Inventories, net	326	356	344	484	488
Other current assets	54	47	27	42	32
Total current assets	984	1,134	1,120	1,077	945
Property and equipment, net	287	250	226	206	181
Operating lease right-of-use assets	55	47	37	46	50
Goodwill	67	55	55	55	48
Net Carrying Amounts	87	27	31	35	14
Deferred income tax asset, net	51	51	53	56	60
Other non-current assets	19	14	15	15	20
Total assets	1,549	1,578	1,538	1,490	1,317
Accounts payable	136	170	158	152	180
Accrued compensation	17	17	14	23	22
Finance lease liabilities - current	22	13	11	7	8
Operating lease liabilities - current	9	8	6	7	5
Real estate deferred gains - current	4	4	4	4	4
Other current liabilities	22	22	25	18	18
Total current liabilities	211	234	219	211	244
Long-term debt	297	295	294	292	291
Finance lease liabilities - less current portion	299	280	274	266	267
Operating lease liabilities - less current portion	47	40	33	40	45
Real estate deferred gains - less current portion	59	63	67	70	74
Other non-current liabilities	19	19	18	21	22
Total liabilities	932	931	903	900	954
Commitments and contingencies	—	—	—	—	—
Preferred Stock, $0.01 par value, 30,000,000 shares authorized, none outstanding	0	0	—	—	—
Common Stock, $0.01 par value, 20,000,000 shares authorized, 7,866,497 and 8,650,046 outstanding, respectively	79,000	83,000	87,000	90,000	97,000
Additional paid-in capital	95	124	165	201	268
Retained earnings	522	522	469	421	124
Total stockholders equity	617	646	634	590	363
Total liabilities and stockholders equity	1,549	1,578	1,538	1,490	1,317

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Settlement of frozen defined benefit pension plan	0	0	30	0	—
Amortization of debt discount and issuance costs	2	1	1	1	1
Insurance recoveries in excess of carrying values of property & equipment	−2	0	0	—	—
(Benefit) provision for deferred income taxes	−36,000	3	8	5	356,000
Share-based compensation	11	8	12	10	7
Recognition of deferred gains from real estate	−4	−4	−4	—	—
Other income statement items	0	0	−909,000	0	0
Accounts receivable	14	3	23	101	−46
Inventories	46	−12	141	21	−146
Accounts payable	−36	13	6	−32	15
Employer contributions due to the single-employer defined benefit pension plan	0	0	−7	−12	−1
Other current assets	−4	−20	16	−12	712,000
Other assets and liabilities	−7	3	373,000	−2	−3
Net cash provided by operating activities	60	85	306	400	145
Acquisition of business, net of cash acquired	−95	0	300,000	−64	0
Proceeds from sales of property and insurance recoveries	3	899,000	357,000	—	—
Property and equipment investments	−27	−40	−28	−36	−14
Net cash used in investing activities	−119	−39	−27	−99	−4
Common stock repurchases	−38	−45	−42	−66	0
Debt financing costs	−3	0	0	0	−5
Repurchase of shares to satisfy employee tax withholdings	−3	−3	−5	−11	−5
Principal payments on finance lease liabilities	−16	−13	−9	−11	−11
Net cash used in financing activities	−60	−62	−57	−88	−56
Net change in cash and cash equivalents	−120	−16	223	214	85
Income tax payments, net of refunds	4	30	19	111	99
Interest paid, including interest for finance leases	47	45	43	44	33
Additions of fleet assets under finance leases	45	19	20	9	11

Filings

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