Content about BlueLinx Holdings

October 31, 2013

Amid numerous restructuring programs, Atlanta-based distributor BlueLinx Holdings posted a net loss of $3.2 million in the third quarter ended Sept. 28. In the same quarter last year, the company posted earnings of $3.1 million.

Revenues for the fiscal third quarter increased 12.3% to $558.0 million from $496.8 million for the same period a year ago. Overall unit volume increased 11.9% compared with the same period a year ago.

June 26, 2013

Atlanta-based building products distributor BlueLinx Holdings says it will take a hard look at five of its distribution centers with a view toward selling or possibly closing some of them.

The action, which also includes a "realignment of headquarters resources," follows the departure of CEO George Judd, who left the company last month. A search for his successor is ongoing.

May 16, 2013

BlueLinx Holdings has announced that George R. Judd will no longer serve as president and chief executive, effective May 14, 2013.

BlueLinx Holdings has announced that George R. Judd will no longer serve as president and chief executive, effective May 14, 2013. Judd will also resign as a director of BlueLinx following the 2013 Annual Meeting of Stockholders on May 16.

The board has appointed Howard S. Cohen to serve as executive chairman, while the board conducts a search for a successor to Judd. Cohen has been a director of the company since 2007 and has served as chairman of the board since 2008.

February 15, 2013

Atlanta-based building products distributor BlueLinx Holdings reported a narrowed loss for the full year ended Dec. 29 as sales picked up.

BlueLinx Holdings, the Atlanta-based distributor of building products, reported a loss of $23.0 million for the full year ended Dec. 29. That compares with a loss of $38.6 million in the prior year.

Sales for the year increased 8.7% to $1.91 billion.

"As we move forward in 2013, we are confident in our ability to both increase our penetration of a growing market and maintain the operating discipline that we demonstrated over the last several years," said George Judd, president and CEO.

January 10, 2013

BlueLinx Holdings has reported preliminary results for its fourth fiscal quarter, with expected revenues at approximately $440 million, an increase of 12.5% from $391.1 million for the fourth quarter of fiscal 2011.

November 1, 2012

BlueLinx Holdings, a leading distributor of building products in North America, reported revenues of $496.8 million for their third fiscal quarter, a 5.1% increase over revenues of $472.9 million for the same quarter a year ago.

Net income for the third quarter, which ended Sept. 29, was $3.1 million, compared with a net loss of $6.2 million in the same quarter of 2011.

August 13, 2012

BlueLinx Holdings, the Atlanta-based distributor of building materials, announced in an Aug. 10 Securities and Exchange [SEC] filing that board member Robert Warden has submitted his resignation, effective Aug. 6.

The reason given was that Warden has also resigned from Cerberus ABP Investor, the largest stockholder of BlueLinx Holdings. Warden was a managing director at Cerberus.

August 2, 2012

BlueLinx Holdings, the Atlanta-based building materials distributor, reported sales of $517 million for its second fiscal quarter, a 3.3% gain over sales of $500.8 million in the same quarter of 2011.

BlueLinx Holdings, the Atlanta-based building materials distributor, reported sales of $517 million for its second fiscal quarter, a 3.3% gain over sales of $500.8 million in the same quarter of 2011. The increase in revenue was attributed to increased underlying product prices for both specialty and structural product categories. Overall unit volume declined 1.3% compared with the same period a year ago as seasonal demand was pulled forward by favorable weather experienced during the first quarter of fiscal 2012, the company said.

May 3, 2012

Atlanta-based BlueLinx Holdings posted a net loss of $11.0 million for the first quarter ended March 31, compared with a net loss of $12.3 million in the first quarter of 2011.

The building products distributor reported first-quarter revenue of $453.7 million, up 16.2% from $390.6 million in the same period a year ago. The increase in revenue is attributable to increased unit volumes and increased underlying product prices for both product categories. 

November 3, 2011

BlueLinx Holdings, the Atlanta-based distributor of building products, has announced plans to launch a complete line of privately branded engineered lumber products. The company currently is finalizing agreements with suppliers, and anticipates that the new line will be available beginning Feb. 13, 2012. The Engineered Lumber Purchase Agreement with Georgia-Pacific Wood Products, under which BlueLinx currently distributes engineered lumber, will expire in accordance with its terms on Feb. 12, 2012.

August 17, 2011

BlueLinx Holdings, a leading distributor of building products in North America, announced that its indirect subsidiary BlueLinx Building Products Canada has entered into a revolving credit agreement with CIBC Asset-Based Lending. The new credit facility provides for borrowing capacity of up to $10 million and has a term of three years, maturing on Aug. 12, 2014.

August 4, 2011

Atlanta-based building products distribution giant BlueLinx Holdings is having some success in its emphasis on value-added specialty products, but it couldn't hold off total sales declines in the second quarter.

BlueLinx posted a loss of $9.8 million in the quarter ended July 2, compared with a net loss of $3.4 million in the same quarter last year. Revenues declined 7.4% to $500.8 million.

July 26, 2011

BlueLinx Holdings has raised approximately $58.5 million after investors fully subscribed to a $60 million rights offering that expired on July 22.  Following the issuance of the newly subscribed shares, which is expected to occur on or about July 28, 2011, BlueLinx will have approximately 61.8 million total shares outstanding. 

Cerberus ABP Investor will remain the majority stockholder, owning approximately 55% of BlueLinx' common stock.

February 17, 2011

Fourth-quarter revenues at BlueLinx Holdings increased 0.5% to $367.9 million from $366.1 million for the same period a year ago. 

The increase reflects a 7.4% increase in specialty product sales and a 9.5% decrease in structural product sales. Still, the company swung to a fourth-quarter loss of $20.2 million, compared with net income of $12.0 million in last year's fourth quarter. 

November 3, 2010

Despite intense price volatility during the past six months, Atlanta-based BlueLinx Holdings recorded a revenue...

October 25, 2010

An affiliate of Cerberus Capital Management has dropped its tender offer for BlueLinx Holdings after...

September 22, 2010

Cerberus ABP Investor announced that it has raised its offer for the remaining outstanding shares...

December 30, 2008

BlueLinx announces share repurchase program...

October 30, 2008

The Atlanta-based company reported a net loss of $2.6 million, swinging from profits of $0.9...

October 29, 2008

Judd has been president and chief operating officer of BlueLinx since 2004....

July 29, 2008

Howard Cohen, interim CEO for the country’s largest home channel distributor, said the Atlanta-based company...

April 30, 2008

Revenues decreased 25 percent to $716.8 million from $957.1 million for the same period a year ago....

March 30, 2008

Stephen Macadam resigned his position as CEO and director to accept the CEO position with...

February 14, 2008

Net sales for the quarter were $778.9 million, down 17.2 percent from $940.2 million in...

December 16, 2007

Several companies have taken a strong look at their bottom lines for 2008, with layoffs...