Education
About Us
Working with TipRanks
Follow Us
Bluelinx Holdings Inc. (BXC)
NYSE:BXC
Top Page
Bluelinx Holdings
(NYSE:BXC)62Neutral
Bluelinx Holdings (BXC) vs. S&P 500 (SPY)
Market Cap
$658.37M
Dividend YieldN/A
Average Volume (3M)75.44K
Price to Earnings (P/E)12.6
Beta (1Y)2.01
Revenue Growth-5.86%
EPS Growth16.49%
CountryUS
Employees2,000
SectorIndustrials
Sector Strength66
IndustryIndustrial Equipment Distributors
Share Statistics
EPS (TTM)6.16
Shares Outstanding8,294,928
10 Day Avg. Volume118,998
30 Day Avg. Volume75,436
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)N/A
Price to Sales (P/S)0.22
Price to Cash Flow (P/CF)8.60
P/FCF Ratio8.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$119.33Price Target Upside59.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Bluelinx Holdings Business Overview & Revenue Model
Company DescriptionBlueLinx Holdings, Inc. engages in the distribution of building and industrial products. Its products include two principal categories: structural and specialty. Structural products include plywood, oriented strand board, rebar and remesh, lumber, spruce and other wood products primarily used for structural support, walls, and flooring in construction projects. Specialty products include engineered wood products, moulding, siding, cedar, metal products and insulation. The company was founded in May 2004 and is headquartered in Atlanta, GA.
How the Company Makes MoneyBlueLinx Holdings generates revenue primarily through the distribution and sale of building and industrial products. The company sources products from a range of suppliers and manufacturers and sells them to a broad customer base, which includes retailers, wholesalers, and contractors in the construction industry. Key revenue streams include the sale of structural products like lumber and panels, as well as specialty products such as roofing, insulation, and siding. BlueLinx leverages its extensive distribution network, which includes strategically located warehouses and logistics capabilities, to efficiently deliver products to its customers. Additionally, the company benefits from its relationships with key suppliers and manufacturers, which can provide favorable terms and exclusive distribution agreements that enhance its competitive position and profitability.
Bluelinx Holdings Financial Statement Overview
Summary
Bluelinx Holdings demonstrates strong operational efficiency and cash flow management, though faces challenges in revenue growth and profit conversion. The company's leverage is under control, but declining equity may present a risk. Strategic actions may be required to boost revenue and enhance profitability while maintaining financial stability.Income Statement
Bluelinx Holdings shows a strong gross profit margin of 16.56% for 2024, indicating efficient cost management. However, the net profit margin is moderate at 1.80%, with a slight decline from the previous year, suggesting challenges in translating revenue into profit. Revenue growth has been negative recently, indicating potential struggles in maintaining sales momentum. EBIT and EBITDA margins are stable, reflecting operational efficiency.72
Positive
Balance Sheet
The company's debt-to-equity ratio of 0.98 is moderate, suggesting manageable leverage. ROE stands at 8.22%, reflecting decent returns on equity. The equity ratio of 40.97% indicates a stable capital structure. However, the decrease in stockholders' equity compared to previous years may pose long-term risks if not addressed.65
Positive
Cash Flow
Operating cash flow to net income ratio is robust, showing strong cash generation efficiency. Free cash flow is positive but has decreased significantly from 2023, indicating potential future liquidity constraints. Despite a reduction in free cash flow, the company maintains a positive free cash flow to net income ratio, demonstrating adequate cash flow management.68
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.95B | 3.14B | 4.45B | 4.28B | 3.10B | Gross Profit |
| 489.14M | 527.02M | 832.98M | 778.43M | 477.73M | EBIT |
| 87.57M | 138.45M | 439.09M | 438.08M | 142.24M | EBITDA |
| 128.54M | 137.68M | 464.07M | 453.91M | 171.40M | Net Income Common Stockholders |
| 53.12M | 48.54M | 296.18M | 296.13M | 80.88M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 505.62M | 521.74M | 298.94M | 85.20M | 82.00K | Total Assets |
| 1.58B | 1.54B | 1.49B | 1.32B | 1.05B | Total Debt |
| 636.20M | 617.97M | 612.94M | 615.66M | 646.60M | Net Debt |
| 130.57M | 96.23M | 314.00M | 530.46M | 646.52M | Total Liabilities |
| 931.28M | 903.32M | 900.01M | 954.21M | 989.04M | Stockholders Equity |
| 646.44M | 634.29M | 590.03M | 363.25M | 59.09M |
| Cash Flow | Free Cash Flow | |||
| 85.18M | 278.76M | 364.41M | 130.61M | 51.33M | Operating Cash Flow |
| 85.18M | 306.29M | 400.30M | 145.02M | 55.02M | Investing Cash Flow |
| -39.21M | -26.86M | -98.69M | -4.09M | 9.16M | Financing Cash Flow |
| -62.09M | -56.62M | -87.87M | -55.81M | -75.74M |
Bluelinx Holdings Technical Analysis
Negative
74.77
Price Trends
100.34
Negative
108.75
Negative
105.02
Negative
Market Momentum
-7.63
Positive
19.96
Positive
4.58
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BXC, the sentiment is Negative. The current price of 74.77 is below the 20-day moving average (MA) of 92.93, below the 50-day MA of 100.34, and below the 200-day MA of 105.02, indicating a bearish trend. The MACD of -7.63 indicates Positive momentum. The RSI at 19.96 is Positive, neither overbought nor oversold. The STOCH value of 4.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BXC.
Bluelinx Holdings Risk Analysis
Bluelinx Holdings disclosed 43 risk factors in its most recent earnings report. Bluelinx Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bluelinx Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $6.87B | 19.55 | 23.86% | ― | 9.89% | ― | |
68 Neutral | $3.03B | 14.36 | 14.91% | ― | 4.12% | -26.44% | |
66 Neutral | $6.30B | 15.35 | 12.80% | 1.27% | -7.84% | -17.33% | |
65 Neutral | $14.82B | 14.42 | 25.09% | ― | -4.08% | -24.71% | |
62 Neutral | $658.37M | 12.63 | 8.22% | ― | -5.86% | 16.49% | |
62 Neutral | $8.11B | 13.34 | 1.17% | 3.02% | 4.16% | -15.14% |
* Industrials Sector Average
Performance Comparison
BXC
Bluelinx Holdings
76.74
-41.77
-35.25%
BECN
Beacon Roofing Supply
113.88
28.98
34.13%
BLDR
Builders Firstsource
133.70
-66.56
-33.24%
UFPI
UFP Industries
106.16
-6.31
-5.61%
GMS
GMS
78.81
-10.85
-12.10%
WFG
West Fraser Timber Co
77.92
-2.53
-3.14%
Bluelinx Holdings Earnings Call Summary
Earnings Call Date: Feb 18, 2025 | % Change Since: -25.01% | Next Earnings Date: May 6, 2025
Earnings Call Sentiment Positive
The earnings call conveyed a generally positive outlook for BlueLinx Holdings Inc., with strong full-year results, ongoing digital transformation, and greenfield expansion efforts. However, challenges such as price deflation, housing market headwinds, and weather disruptions were noted. Despite these lowlights, the company's strategic initiatives and strong liquidity position provide a foundation for future growth.Highlights
Strong Full-Year 2024 Results
BlueLinx Holdings Inc. delivered solid full-year 2024 results with net sales of $3 billion, $131 million in adjusted EBITDA, and a 4.4% adjusted EBITDA margin.
Specialty Products Performance
Specialty product gross margins were strong at 18.4% in Q4 and 19.4% for the full year 2024, demonstrating effective management and growth strategy.
Digital Transformation Initiatives
BlueLinx has embarked on a digital transformation journey, including a new master data management platform, an e-commerce platform pilot, and a new transportation management system to be fully implemented by Q3 2025.
Greenfield Expansion
The company announced its first greenfield in Portland, Oregon, with expectations for additional announcements in 2025. These locations are expected to generate $40 million to $100 million of net sales at maturity.
Strong Liquidity Position
At the end of 2024, BlueLinx had liquidity of $852 million, including $506 million of cash on hand, providing flexibility for reinvestment and share repurchase programs.
Lowlights
Impact of Price Deflation
Revenues were flat year-over-year in Q4 2024, largely due to market-driven price deflation, impacting both specialty and structural product sales.
Challenges in Housing Market
The housing market faced headwinds with elevated mortgage rates and low existing home sales, leading to a challenging environment for building products.
Weather-Related Disruptions
Extreme weather patterns in January 2025 adversely impacted daily volumes, with over twenty locations closed for at least half a day.
SG&A Expenses Increase
SG&A expenses increased by 10% in Q4 2024, partly due to increased payroll and costs associated with the digital transformation.
Company Guidance
During the BlueLinx Holdings Inc. fourth quarter and full year 2024 earnings call, several key metrics and guidance points were highlighted. The company reported net sales of $3 billion for the year, with an adjusted EBITDA of $131 million, reflecting a 4.4% margin. Specialty product gross margins were 19.4% for the year, while structural products held at 10.1%. Liquidity was strong with $852 million at year-end, including $506 million in cash. The company executed $45 million in share repurchases and announced plans for further greenfield expansions, targeting $40 million to $100 million in net sales at maturity for each new location. For Q1 2025, specialty product gross margins are expected to range from 18% to 19%, with structural margins slightly lower due to declining panel prices. The company emphasized its continued focus on high-margin specialty products and strategic digital transformation initiatives, aiming to enhance operational efficiency and customer experience.Bluelinx Holdings Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Bluelinx Holdings Announces CFO Resignation and Interim Appointment
Neutral
Jan 13, 2025
BlueLinx Holdings Inc. announced the resignation of R. Andrew Wamser, Jr., their Senior Vice President, Chief Financial Officer, and Treasurer, effective January 24, 2025, as he pursues a new opportunity outside the building products industry. Kimberly A. DeBrock has been appointed as the interim Principal Financial Officer, effective January 25, 2025, while the company searches for a permanent successor. The transition is seen as occurring when the company is in a strong financial position, with a continued focus on technological advancement and growth strategy.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.