BlueLinx Holdings Inc. BXC
BlueLinx is a leading wholesale distributor of residential and commercial building products in the United States. We are a "two-step" distributor. Two-step distributors purchase products from manufacturers and distribute those products to dealers and other suppliers in local markets, who then sell those products to end users. We carry a broad portfolio of both branded and private-label stock keeping units ("SKUs") across two principal product categories: specialty products and structural products. Specialty products include items such as engineered wood products ("EWP"), siding, millwork, outdoor living products, specialty lumber and panels, and industrial products. Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh. We also provide a wide range of value-added services and solutions aimed at relieving distribution and logistics challenges for our customers and suppliers, while enhancing their marketing and inventory management capabilities.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.95B | $2.95B | $3.14B | $4.45B | $4.28B | $3.10B | $2.64B | $2.86B | $1.82B | $1.88B |
| Cost of revenue | $2.50B | $2.46B | $2.61B | $3.62B | $3.50B | $2.62B | $2.28B | $2.53B | $1.58B | $1.65B |
| Gross profit | $451.6M | $489.1M | $527.0M | $833.0M | $778.4M | $477.7M | $356.9M | $331.9M | $231.0M | $227.4M |
| SG&A | $381.1M | $365.5M | $355.8M | $366.3M | $322.2M | $314.2M | $291.5M | $319.3M | $198.7M | $204.5M |
| Total operating expenses | $419.1M | $401.6M | $388.6M | $393.9M | $340.4M | $335.5M | $321.8M | $345.1M | $201.0M | $185.8M |
| Operating income | $32.5M | $87.6M | $138.4M | $439.1M | $438.1M | $142.2M | $35.2M | -$13.3M | $30.0M | $41.7M |
| Interest expense | — | $47.2M | $44.7M | $45.5M | $45.5M | $47.4M | $54.2M | $47.3M | $21.2M | $24.9M |
| Pre-tax income | $129.0K | $70.7M | $81.9M | $394.8M | $393.9M | $95.1M | -$21.6M | -$60.2M | $9.6M | $17.2M |
| Income tax | $90.0K | $17.6M | $33.4M | $98.6M | $97.7M | $14.2M | $4.0M | $12.2M | $53.4M | $1.1M |
| Net income | $219.0K | $53.1M | $48.5M | $296.2M | $296.1M | $80.9M | -$17.7M | -$17.7M | $63.0M | $16.1M |
| EPS, basic | 0.02 | 6.22 | 5.40 | 31.75 | 30.80 | 8.58 | -1.89 | -5.21 | 6.96 | 1.80 |
| EPS, diluted | 0.02 | 6.19 | 5.39 | 31.51 | 29.99 | 8.55 | -1.89 | -5.21 | 6.81 | 1.77 |
| Shares, diluted (wtd. avg.) | $8.0M | $8.6M | $9.0M | $9.4M | $9.9M | $9.5M | $9.4M | $9.2M | $9.2M | $9.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $385.8M | $505.6M | $521.7M | $298.9M | $85.2M | $82.0K | $11.6M | $8.9M | $4.7M | $5.5M |
| Receivables | $218.2M | $225.8M | $228.4M | $251.6M | $339.6M | $293.6M | $192.9M | $208.4M | $134.1M | $125.9M |
| Inventory | $326.0M | $355.9M | $343.6M | $484.3M | $488.5M | $342.1M | $345.8M | $341.9M | $187.5M | $191.3M |
| Total current assets | $984.5M | $1.13B | $1.12B | $1.08B | $945.2M | $668.4M | $578.0M | $599.9M | $343.4M | $345.8M |
| Property, plant and equipment | — | — | — | — | — | — | — | $205.1M | $83.8M | $88.3M |
| Goodwill | $67.2M | $55.4M | $55.4M | $55.4M | $47.8M | $47.8M | $47.8M | $47.8M | $0 | — |
| Other intangibles | $86.7M | $26.9M | $30.8M | $35.0M | $13.6M | $18.9M | $26.4M | $35.2M | $0 | — |
| Total assets | $1.55B | $1.58B | $1.54B | $1.49B | $1.32B | $1.05B | $971.4M | $959.9M | $494.1M | $444.1M |
| Accounts payable | $136.4M | $170.2M | $157.9M | $151.6M | $180.0M | $165.2M | $132.3M | $149.2M | $70.6M | $82.7M |
| Short-term debt | — | — | — | — | $0 | $1.2M | $2.2M | $1.7M | $0 | $29.5M |
| Total current liabilities | $211.3M | $233.7M | $218.6M | $210.7M | $243.8M | $229.0M | $171.1M | $196.8M | $117.6M | $154.3M |
| Long-term debt | $296.7M | $295.1M | $293.7M | $292.4M | $291.3M | $321.3M | $458.4M | $497.9M | $276.7M | $270.8M |
| Total liabilities | $932.0M | $931.3M | $903.3M | $900.0M | $954.2M | $989.0M | $997.5M | $974.6M | $459.1M | $474.0M |
| Retained earnings | $522.5M | $522.3M | $469.1M | $420.6M | $124.4M | -$171.7M | -$252.6M | -$236.2M | -$188.2M | -$251.3M |
| Total equity | $617.3M | $646.4M | $634.3M | $590.0M | $363.2M | $59.1M | -$26.1M | -$14.7M | $35.0M | -$29.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $59.8M | $85.2M | $306.3M | $400.3M | $145.0M | $55.0M | -$10.3M | $41.6M | -$2.5M | $41.4M |
| Depreciation and amortisation | $39.9M | $38.5M | $32.0M | $27.6M | $28.2M | $28.9M | $30.2M | $25.8M | $9.0M | $9.3M |
| Stock-based compensation | $11.3M | $7.7M | $12.1M | $9.6M | $6.6M | $6.0M | $2.6M | $8.5M | $2.5M | $2.3M |
| Capital expenditure | $26.9M | $40.1M | $27.5M | $35.9M | $14.4M | $3.7M | $4.8M | $2.7M | $797.0K | $631.0K |
| Investing cash flow | -$119.5M | -$39.2M | -$26.9M | -$98.7M | -$4.1M | $9.2M | $21.1M | -$242.7M | $26.8M | $36.8M |
| Financing cash flow | -$60.1M | -$62.1M | -$56.6M | -$87.9M | -$55.8M | -$75.7M | -$8.1M | $205.4M | -$25.2M | -$77.5M |
| Buybacks | $38.1M | $45.3M | $42.1M | $66.4M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-024487.