Bluelinx Holdings Inc. · NYSE:BXC
Bluelinx — Q3 2026 Earnings Presentation
23 slides from Bluelinx's earnings presentation, Nov 3, 2026
Slide 1: BlueLinx Q3 2026 Results: Delivering What Matters
BlueLinx Q3 2026 Results Delivering What Matters November 4, 2026 © BlueLinx 2026. All Rights Reserved. 1 EXHIBIT 99.2
Slide 2: Safe Harbor Statement
2 Safe Harbor Statement This presentation contains forward-looking statements. Forward-looking statements include, without limitation, any statement that predicts, forecasts, indicates or implies future results, performance, liquidity levels or achievements, and may contain the words “believe,” “ant
Slide 3: Opening Remarks
Opening Remarks 3 Shyam Reddy President & CEO
Slide 4: Explosive profitable growth with a highly engaged team
n Net Sales of $813M, up 8.5% year-over-year q Due to Disdero sales, higher volumes in key categories, and improved pricing n Gross Profit of $131M, up 21% year-over-year q 78% of gross profit from specialty products n Gross Margin of 16.1%, up 170 bps year-over-year q 18.7% specialty gross margin q
Slide 5: Financial Review
Financial Review 5 Kelly Wall SVP, Chief Financial Officer and Treasurer
Slide 6: Q3 Commentary
n Net Sales increased 8.5% to $813M q Specialty products Net Sales increased 5% q Structural products Net Sales increased 18% n Gross Margin of 16.1%, up 170 bps q 16.2% gross margin excluding duty and inventory related items n Adjusted Diluted EPS of $0.68 (1) n Adjusted EBITDA of $31.7M (1) q Adju
Slide 7: Specialty Products Third Quarter 2026 Results
($ in millions) n Net Sales of $550M, up 5% q Driven by Disdero and improved pricing q Specialty product sales represent ~68% of total net sales n Gross Profit of $103M, up 18% q Gross profit of $103M excluding import duty-related item and unusual inventory provision q Represents ~78% of total gross
Slide 8: Structural Products Third Quarter 2026 Results
($ in millions) n Net sales of $263M, up 18% q Increase driven by improved pricing and volumes q Year-over-year industry commodity pricing: Ÿ 24% increase in average price of lumber Ÿ 15% increase in average price of panels n Gross profit of $28M, up 36% q Structural product gross profit represents
Slide 9: Balance Sheet
(1) Net Leverage including real property financing leases was 0.5x, 2.1x, and 2.5x in Q3 2024, Q3 2025, and Q3 2026 respectively. Net leverage ratio excluding finance lease obligations for real property, as presented above, is included within the terms of our revolving credit agreement. See Appendix
Slide 10: Working Capital and Free Cash Flow
3Q 2026 Free Cash Flow Walk (2) $ in millions Net Working Capital Management (1) $ in millions (1) Net Working Capital includes accounts receivable, inventory, and accounts payable; Return on net working capital is calculated by dividing trailing twelve month (TTM) Adjusted EBITDA by net working cap
Slide 11: Capital Allocation Framework
INVEST IN THE BUSINESS EXPAND GEOGRAPHIC FOOTPRINT SHARE REPURCHASES OPERATING CASH FLOW GUIDING PRINCIPLES n Maintain strong balance sheet and financial stability n Long-term net leverage could increase to ~ 2.0x when considering growth n Invest in business through fluctuating economic cycles n Acq
Slide 12: Q&A
Q&A BLUELINX 4
Slide 13: Appendix
Appendix BLUELINX 4
Slide 14: Macro Trends
20-year average (1) Source: Historical data is U.S. Census Bureau; Forecast from John Burns Real Estate Consulting, LLC subject limitations and disclaimers – not for redistribution (2) Source: Joint Center for Housing Studies at Harvard University. The Leading Indicator of Remodeling Activity (LIRA)
Slide 15: Wood-Based Commodity Price Trends
Average Q3 26 lumber prices increased 24% year- over-year and increased 3% from Q2 26 (1) Source: Random Lengths and company analysis 15 WOOD-BASED COMMODITY PRICE TRENDS Average Q3 26 panel prices were increased 15% year-over-year and increased 5% from Q2 26 357 344 357 368 400 411 762 687 987 1,24
Slide 16: Non-GAAP Financial Measures
The Company reports its financial results in accordance with GAAP. The Company also believes that presentation of certain non-GAAP measures may be useful to investors and may provide a more complete understanding of the factors and trends affecting the business than using reported GAAP results alone
Slide 17: Supplementary Financial Information
Supplemental Financial Information Net sales, gross profit dollars, gross profit percentages, sales mix, and gross profit mix by product category by fiscal quarter, Q4 2023 – Q3 2026 (unaudited) In millions where dollars are presented. Rounded figures in this table may not agree to presentations in
Slide 18: Adjusted Net Income and Adjusted EPS Reconciliation
Adjusted Net Income (Loss) and Adjusted EPS reconciliation for fiscal quarters Q4 2023 - Q3 2026 (unaudited) In thousands, except EPS amounts. Rounded figures in this table may not agree to presentations in other formats we have published such as earnings releases, earnings decks, or other similar m
Slide 19: Free Cash Flow Reconciliation
The following schedule reconciles Net cash provided by (used in) operating activities to Free cash flow (non-GAAP) for Q4 2023 to Q3 2026 (unaudited) In millions. Rounded figures in this table may not agree to presentations in other formats we have published such as earnings releases, earnings decks
Slide 20: Net Working Capital Reconciliation
Non-GAAP Reconciliation Net Working Capital by Fiscal Quarter Q4 2023 – Q3 2026 (unaudited) $ amounts in millions 20 Fiscal Quarter 3Q 2026 2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 1Q 2024 4Q 2023 Receivables, net $311 $316 $297 $218 $269 $279 $276 $226 $278 $274 $288
Slide 21: Adjusted EBITDA Reconciliation
Adjusted EBITDA reconciliation by fiscal quarter, Q4 2023 – Q3 2026 (unaudited) In millions except where percentages are presented. Some dollar amounts round to less than $1 million and therefore no amount is presented in the table below. 21 (1) Reflects expenses and adjustments related to our previ
Slide 22: Trailing Twelve-Month Adjusted EBITDA Reconciliation
Twelve-Month Trailing Adjusted EBITDA reconciliation by Fiscal Quarter, Q4 2023 – Q3 2026 (unaudited) In millions $. Some dollar amounts round to less than $1 million and therefore no amount is presented in the table below. 22 Non-GAAP Reconciliation (1) Reflects expenses related to our previously d
Slide 23: Net Debt and Net Leverage Reconciliation
Fiscal Quarter 3Q 2026 2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 1Q 2024 4Q 2023 ($ amounts in thousands) Long term debt(1) $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 $ 300,000 Finance lease liabilities