Share Repurchase and Authorization
BlueLinx repurchased $20 million of shares in Q2 and received board approval for a new $50 million share repurchase authorization, indicating confidence in long-term growth.
Multifamily Market Growth
Multifamily business grew over 30% year-over-year, driven by strategic investments and demand creation efforts, strengthening the company's value proposition.
Digital Transformation Progress
Phase 1 of digital transformation is on track for completion this year, with successful implementation of Oracle transportation management and pilot e-commerce transactions.
Specialty Products Gross Margin
Specialty products gross margin was 18.5%, above expected range, despite price deflation in some categories.