Bluelinx Holdings Inc. (BXC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Joining me on today's call is Sham Reddy, our President and Chief Executive Officer, and Ken DeBrock, our Vice President, Chief Accounting Officer, and Interim Principal Financial Officer. At the end of today's prepared remarks, we will take questions. Our first quarter news release and Form 10-Q were issued yesterday after the close of the market, along with our webcast presentation, and these items are available in the Investors section of our website, bluelinksco.com. We encourage you to follow along with the detailed information on the slides during the webcast. Today's discussion contains forward-looking statements. Actual results may differ significantly from those forward-looking statements due to various risks and uncertainties, including the risks described in our most recent SEC filings. Today's presentation includes certain non-GAAP and adjusted financial measures that we believe provide helpful context for investors evaluating our business. Reconciliations to the closest gap financial measures can be found in the appendix of our presentation. Now, I'll turn it over to Shannon. Thanks, Tom, and good morning, everyone. Our first quarter results were highlighted by gross margins of over 18% for specialty products and just over 9% for structural products, despite the impact of continued price deflation in some categories and lower volumes in others due to weather and macroeconomic forces. Broadly speaking, While market-driven price deflation has improved since Q4, it continues to have an impact on our financial results, especially in certain product categories. That said, we partially offset this deflation by driving volume growth in engineered wood products, lumber, and panels. We continue to execute on our local and national market share gain strategies to ...