Bluelinx Holdings Inc. · NYSE:BXC
Bluelinx — Q1 2026 Earnings Presentation
23 slides from Bluelinx's earnings presentation, May 6, 2026
Slide 1: BlueLinx Q1 2026 Results
BlueLinx Q1 2026 Results Delivering What Matters May 6, 2026 © BlueLinx 2026. All Rights Reserved. 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This press release 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,” “anti
Slide 3: Opening Remarks
Opening Remarks Shyam Reddy President & CEO 3
Slide 4: First Quarter 2026 Results
FIRST QUARTER 2026 RESULTS Explosive profitable growth with a highly engaged team ◼ Net sales of $731M, up 3.1% year-over-year ❑ Due to the addition of Disdero, higher volumes in specialty and structural products ◼ Gross profit of $116M, up 5% year-over-year ❑ 80% of gross profit from specialty prod
Slide 5: Financial Review
Financial Review Kelly Wall SVP, Chief Financial Officer and Treasurer 5
Slide 6: First Quarter 2026 Results
FIRST QUARTER 2026 RESULTS $ in millions, except per share data Q1 Q1 Variance and leverage ratios 2026 2025 Q1 Commentary Net Sales $731 $709 3.1% Gross Profit $116 $111 4.7% ◼ Net Sales increased 3.1% to $731M Gross Margin % 15.9% 15.7% 20 bps ❑ Specialty product Net sales increased 7% ❑ Structura
Slide 7: Specialty Products Q1 2026 Results
SPECIALTY PRODUCTS Q1 2026 RESULTS ($ in millions) Q1 Commentary ◼ Net sales of $512M, up 7% ❑ Driven by Disdero and higher volumes in most product categories ❑ Specialty product sales represent ~70% of total net sales ◼ Gross profit of $93M, up 3% ❑ Specialty product gross profits represent ~80% of
Slide 8: Structural Products Q1 2026 Results
STRUCTURAL PRODUCTS Q1 2026 RESULTS ($ in millions) Q1 Commentary ◼ Net sales of $219M, down 5% ❑ Driven by lower pricing for lumber and panels ❑ Lower year-over-year industry commodity pricing: 4% decrease in average price of lumber 14% decrease in average price of panels ◼ Gross profit of $24M
Slide 9: Balance Sheet
BALANCE SHEET ($ millions) Outstanding Debt and Finance Leases Debt Maturity Schedule $300 * Note: debt maturity schedule does not include finance lease obligations Net Leverage (1) ◼ At the end of Q1 2026: ▪ Cash and cash equivalents of $319M ▪ Total available liquidity of $659M ▪ Net debt of ($58M
Slide 10: Working Capital and Free Cash Flow
WORKING CAPITAL AND FREE CASH FLOW Net Working Capital Management (1) 1Q 2026 Free Cash Flow Walk (2) $ in millions $ 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)
Slide 11: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK GUIDING PRINCIPLES ◼ Maintain strong balance sheet and OPERATING CASH FLOW FREE CASH FLOW financial stability ◼ Long-term net leverage could increase to ~ 2.0x when considering EXPAND INVEST IN THE SHARE growth BUSINESS GEOGRAPHIC REPURCHASES FOOTPRINT ◼ Invest in busine
Slide 12: Q&A
Q&A BLUELINX 2
Slide 13: Appendix
Appendix BLUELINX 8
Slide 14: Macro Trends
MACRO TRENDS Total U.S. Single Family Housing Starts (SFHS) LIRA Remodeling Activity Index Housing starts in thousands(1) TTM Moving Total - Dollars in billions(2) Starts expected to be around 20-year average and well above 2009-2011 levels Remodeling spend expected to be slightly up in 2026 20-year
Slide 15: Wood-Based Commodity Price Trends
WOOD-BASED COMMODITY PRICE TRENDS Framing Lumber Composite Index $/mbf, Quarterly Average Price(1) As of March 2026 Average Q1 26 lumber prices decreased 4% year- over-year and increased 16% from Q4 25 Structural Panel Composite Index $/msf, Quarterly Average Price(1) As of March 2026 Average Q1 26
Slide 16: Non-GAAP Measures and Supplemental Financial Information
Non-GAAP Measures and Supplemental Financial Information 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 affe
Slide 17: Supplemental 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, Q2 2023 – Q1 2026 (unaudited) In millions where dollars are presented. Rounded figures in this table may not agree to presentations in
Slide 18: Non-GAAP Reconciliation / supplemental financial information
Non-GAAP Reconciliation / supplemental financial information Adjusted Net Income (Loss) and Adjusted EPS reconciliation for fiscal quarters Q2 2023 - Q1 2026 (unaudited) In thousands, except EPS amounts. Rounded figures in this table may not agree to presentations in other formats we have published
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation The following schedule reconciles Net cash provided by (used in) operating activities to Free cash flow (non-GAAP) for Q2 2023 to Q1 2026 (unaudited) In millions. Rounded figures in this table may not agree to presentations in other formats we have published such as earnings
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation Net Working Capital by Fiscal Quarter Q2 2023 – Q1 2026 (unaudited) $ amounts in millions Fiscal Quarter 1Q 2026 4Q 2025 3Q 2025 2Q 2025 1Q 2025 4Q 2024 3Q 2024 2Q 2024 1Q 2024 4Q 2023 3Q 2023 2Q 2023 Receivables, net $297 $218 $269 $279 $276 $226 $278 $274 $288 $228 $298 $29
Slide 21: Non-GAAP Reconciliation / supplemental financial information
Non-GAAP Reconciliation / supplemental financial information Adjusted EBITDA reconciliation by fiscal quarter, Q2 2023 – Q1 2026 (unaudited) In millions where dollars are presented. Some dollar amounts round to less than $1 million and therefore no amount is presented in the table below. Fiscal Quar
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation Twelve-Month Trailing Adjusted EBITDA reconciliation by Fiscal Quarter, Q2 2023 – Q1 2026 (unaudited) In millions $. Some dollar amounts round to less than $1 million and therefore no amount is presented in the table below. Twelve-Month Trailing as of the End of Fiscal Quarte
Slide 23: Non-GAAP Reconciliation / Supplemental Financial Information
Non-GAAP Reconciliation / Supplemental Financial Information The following schedule reconciles Total debt and finance leases to: Net debt (non-GAAP) and to Net debt excluding finance lease liabilities for real property (non-GAAP). The calculations of Net leverage ratio (non-GAAP) and Net leverage ra