11 Operating Working Capital Management(1) $ in millions 40% 10% Amortization CAPITAL ALLOCATION FRAMEWORK ▪ Long-term net leverage could increase to at or around 3.0x when considering growth ▪ Acquisitions aligned to strategy 13 Q&A Total U.S. Single Family Housing Starts (SFHS) Months of inventory(2) 14 ~7 months of home inventory 12 10 8 20-year average 2 0 2000 2001 ETOZ 2007 2003 2007 2009 01.05 ttoz 5107 2014 STOF LT01 rzoi zz.0z EZOI 2004 2006 2008 9107 BT 07 2019 0201 3005 (1) Source: Historical dat ...

BlueLinx Holdings Inc (NYSE:BXC) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Tom Morabito - Investor Relations Shyam Reddy - President, CEO Andy Wamser - SVP & CFO Conference Call Participants Greg Palm - Craig-Hallum Capital Group Reuben Garner - Benchmark Company Kurt Yinger - D.A. Davidson Jeffrey Stevenson - Loop Capital Markets Operator Call has been recorded. We will begin with the opening remarks and introductions. At this time I would like to turn the conferenc ...

Supply Constraints 19 imposed by federal, state, local, and other regulations; compliance costs associated with federal, state, and local environmental protection laws; costs associated with federal law and regulations regarding importation of products; global pandemics, such as COVID-19, and other widespread public health crises and their potential effects on our business; fluctuations in our operating results; our level of indebtedness and our ability to incur additional debt to fund future needs; the cov ...

Financial Data and Key Metrics Changes - The company generated net sales of $816 million, down 34% year-over-year, with net income of $24 million, resulting in diluted EPS of $2.70 [10][40] - Adjusted EBITDA was $49 million, representing 6% of net sales, which is a solid result considering inflation and current market conditions [8][46] - Cash on hand reached a record level of $418 million, an increase of $42 million from Q1 to Q2, with total available liquidity of $765 million [10][35][49] Business Line Data and Key Metrics Changes - Specialty product sales were $571 million, down 28% year-over-year, primarily due to deflation and lower volumes [41] - Structural product sales were $207 million, down 46% compared to the prior year, driven by significant declines in wood-based commodity prices [42] - Specialty gross margin was 19.1%, down 380 basis points from last year, while structural gross margin improved to 11% from 4.7% in the same period last year [22][23] Market Data and Key Metrics Changes - The average price for framing lumber was $408 per thousand board feet, down 49% from $797 in Q2 2022, while panel prices were $532 per thousand square feet, down 39% year-over-year [42][44] - Lumber prices increased to around $438 per thousand board feet and panel prices to about $555 per thousand square feet in Q2 2023, showing signs of recovery [44] - Builder confidence has improved continuously for the past seven months, indicating a potential recovery in the housing market [19][34] Company Strategy and Development Direction - The company remains focused on growing five high-value specialty product categories to generate higher net sales and gross profit [32] - Strategic investments in equipment and value-added services are being made to strengthen the company's competitive position [33] - The company is committed to maintaining a strong balance sheet while pursuing profitable sales growth initiatives and returning capital to shareholders [51][48] Management's Comments on Operating Environment and Future Outlook - The management expressed cautious optimism about the second half of 2023, despite uncertainties in the market [62] - The company believes in the long-term prospects of the building products industry, driven by fundamental undersupply of homes and supportive demographic shifts [20][34] - Management highlighted the importance of managing working capital effectively and maintaining price discipline in a competitive environment [24][57] Other Important Information - The company invested $5 million in capital expenditures during the quarter and returned $12 million to shareholders through share repurchases [9][25] - A transition in the CFO position is occurring, with Andy Wamser set to assume the role [39] Q&A Session Summary Question: Can you provide insights on the cadence of the quarter and volume trends? - Management noted that volumes improved quarter-over-quarter, with July maintaining the positive trend from June [29][30] Question: How is the competitive environment affecting pricing and volumes? - Management emphasized their commitment to pricing excellence while balancing volume growth, indicating a cautious approach to maintaining margins [57][73] Question: What are the expectations for specialty product margins moving forward? - Management expressed confidence that specialty margins will remain in the 18% to 19% range, supported by pricing and procurement initiatives [96][66] Question: How is the company managing inventory levels in the current market? - The company has successfully reduced inventory levels primarily through volume management, aligning with normalized demand [99]

Financial Data and Key Metrics Changes - The company generated net sales of $798 million, down 39% year-over-year, with net income of $18 million and diluted EPS of $1.94 [4][73] - Operating cash flow was $89 million, an increase of $87 million compared to the previous year, and liquidity reached a record $723 million [80][11] - Specialty gross margin was 18.8%, down 520 basis points from the previous year, while structural gross margin was 11.7%, down from 20% [117][118] Business Line Data and Key Metrics Changes - Specialty products sales were $568 million, down 26% year-over-year, primarily due to lower volume, especially in engineered wood products [5][4] - Structural product sales were down 57% year-over-year, attributed to significant declines in average composite lumber and panel prices [86][81] - The company reduced total inventory by $75 million since the beginning of the year, ending the first quarter with $409 million in inventory [2][10] Market Data and Key Metrics Changes - Single-family housing starts decreased by 29% compared to Q1 2022, reflecting a challenging housing market [79][111] - Average prices for framing lumber were $413 per thousand board feet, down 67% from $1,244 in Q1 2022, but showed signs of improvement in early Q2 [6][7] - Builders' confidence increased by 14 points since December, indicating potential recovery in the housing market [82] Company Strategy and Development Direction - The company remains focused on five key specialty product categories: engineered wood, millwork, industrial siding, and outdoor living, which are seen as growth opportunities [18][51] - The strategy includes disciplined capital allocation to maintain a strong balance sheet while pursuing organic and inorganic growth opportunities [72][124] - The company aims to leverage operational excellence and pricing discipline to enhance profitability and market position [78][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current challenging market conditions and highlighted the potential for long-term growth despite short-term volume declines [71][83] - The company anticipates that repair and remodel markets will remain supported by high levels of homeowner equity and aged housing stock, even as new residential construction slows [3][103] - Management noted that while pricing pressures exist, there are early positive signs in the housing market that could lead to improved volumes [82][112] Other Important Information - The company plans to utilize the remaining $34 million under its $100 million share repurchase program in the near term [62][124] - Capital expenditures for the quarter were approximately $9 million, with expectations to maintain around $30 million for the year focused on facility improvements [122][91] - The company has reduced net leverage from 9.7x to 0.6x, indicating a strong financial position [108] Q&A Session Summary Question: What is the outlook for specialty product volumes? - Management acknowledged softness in engineered wood product volumes but noted recent improvements in other specialty categories [127] Question: How sustainable are the specialty product margins? - Management expressed confidence in maintaining specialty margins in the range of 18% to 19% despite current market pressures [128][152] Question: What is the company's approach to M&A in the current market? - The company remains committed to pursuing accretive M&A opportunities while being disciplined in capital allocation [136][154] Question: How does the company plan to manage working capital? - Management emphasized the importance of efficient working capital management to meet customer demands while navigating market changes [135] Question: What are the expectations for repair and remodel markets? - Management believes that despite a slowdown, the repair and remodel market remains strong due to various supportive factors [103][112]

BlueLinx Holdings Inc. (NYSE:BXC) Q4 2022 Results Conference Call February 22, 2023 10:00 AM ET Company Participants Alexandra Lukacs - Manager of Investor Relations Dwight Gibson - President and CEO Kelly Janzen - Chief Financial Officer Conference Call Participants Danny Eggerichs - Craig Hallum Kurt Yinger - D.A. Davidson Reuben Garner - The Benchmark Company Garik Shmois - Loop Capital Markets Walt Liptak - Seaport Global Operator Greetings. And welcome to the BlueLinx Holdings' Fourth Quarter and Full ...

☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-32383 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------|------------------------------|-------|-------|-------|-------|-------------------------|-------|-------|-------|-------|------------------ ...

BlueLinx Holdings Inc. (NYSE:BXC) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Ryan Taylor - Vice President of Investor Relations Dwight Gibson - President & Chief Executive Officer Kelly Janzen - Senior Vice President & Chief Financial Officer Conference Call Participants Danny Eggerichs - Craig-Hallum Capital Group Kurt Yinger - D.A. Davidson Reuben Garner - The Benchmark Company Jeff Stevenson - Loop Capital Markets Walt Liptak - Seaport Global Operator Greetings and ...

BlueLinx Holdings Inc. (NYSE:BXC) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Ryan Taylor - Vice President of Investor Relations Dwight Gibson - President and CEO Kelly Janzen - Chief Financial Officer Conference Call Participants Greg Palm - Craig-Hallum Kurt Yinger - D.A. Davidson Reuben Garner - The Benchmark Company Jeff Stevenson - Loop Capital Markets Operator Greeting, and welcome to the BlueLinx HoldingsÂ' Second Quarter 2022 Results Conference Call. At this time ...

BlueLinx Holdings Inc. (NYSE:BXC) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET Company Participants Ryan Taylor – Vice President-Investor Relations Dwight Gibson – President and Chief Executive Officer Kelly Janzen – Chief Financial Officer Conference Call Participants Greg Palm – Craig-Hallum Reuben Garner – The Benchmark Company Kurt Yinger – D.A. Davidson Jeff Stevenson – Loop Capital Markets Operator Greeting, and welcome to the BlueLinx HoldingsÂ' First Quarter 2022 Results Conference Call. ...