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.