bxc-20260404

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


☑			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended April 4, 2026


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 001-32383



			BlueLinx Holdings Inc.
			(Exact name of registrant as specified in its charter)


Delaware		77-0627356
(State of Incorporation)		(I.R.S. Employer Identification No.)

1950 Spectrum Circle, Suite 300
Marietta	GA	30067
(Address of principal executive offices)		(Zip Code)

(770) 953-7000

(Registrant’s telephone number, including area code)

Not applicable

(Former name, former address and former fiscal year, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	BXC	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically (Section 232.405 of this chapter) every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer

☑

Accelerated Filer

☐

Non-accelerated Filer

☐

Smaller Reporting Company

☐

Emerging Growth Company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

As of May 1, 2026, there were 7,782,395 shares of BlueLinx Holdings Inc. common stock, par value $0.01, outstanding.

BLUELINX HOLDINGS INC.

Form 10-Q

For the Quarterly Period Ended April 4, 2026

Table of Contents


			PAGE
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements — BlueLinx Holdings Inc. (Unaudited)			1
Condensed Consolidated Statements of Operations			1
Condensed Consolidated Balance Sheets			2
Condensed Consolidated Statements of Stockholders' Equity			3
Condensed Consolidated Statements of Cash Flows			4
Notes to Condensed Consolidated Financial Statements			5
Note 1 - Basis of Presentation			5
Note 2 - Business Combination			6
Note 3 - Inventory			7
Note 4 - Goodwill and Intangible Assets, net			8
Note 5 - Revenue Recognition			8
Note 6 - Debt and Finance Lease Obligations			9

Note 7 - Leases			11
Note 8 - Share-Based Compensation			12

Note 9 - Commitments and Contingencies			12

Note 10 - Income Taxes			13
Note 1 1 - Earnings (Loss) Per Share and Stockholders' Equity			13
Note 1 2 - Fair Value			14
Note 1 3 - Segment Reporting			14

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			16
Item 3. Quantitative and Qualitative Disclosures About Market Risk			25
Item 4. Controls and Procedures			25

PART II. OTHER INFORMATION
Item 1. Legal Proceedings			26
Item 1A. Risk Factors			26
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			26
Item 3. Defaults Upon Senior Securities			27
Item 4. Mine Safety Disclosures			27
Item 5. Other Information			27
Item 6. Exhibits			28

Signatures			29


	Fiscal Three Months Ended
	April 4, 2026		March 29, 2025
Net sales	$	731,149	$	709,226
Cost of products sold	614,752		598,097
Gross profit	116,397		111,129
Operating expenses (income):
Selling, general, and administrative	96,204		94,093
Depreciation and amortization	11,974		9,554
Realization of deferred gains on real estate	(984)		(984)


Other operating, net	1,875		(2,258)
Total operating expenses	109,069		100,405
Operating income	7,328		10,724
Non-operating expenses:
Interest expense, net	9,147		6,580


(Loss) income before (benefit) provision for income taxes	(1,819)		4,144
(Benefit) provision for income taxes	(361)		1,339
Net (loss) income	$	(1,458)	$	2,805

Basic (loss) earnings per share	$	(0.18)	$	0.33
Diluted (loss) earnings per share	$	(0.18)	$	0.33


	As of
	April 4, 2026		January 3, 2026
ASSETS
Current assets:
Cash and cash equivalents	$	319,087	$	385,843
Receivables, less allowances of $4,304 and $4,964, respectively	296,732		218,161
Inventories, net	371,676		325,998
Other current assets	57,303		54,466
Total current assets	1,044,798		984,468
Property and equipment, at cost	496,781		495,453
Accumulated depreciation	(217,140)		(208,693)
Property and equipment, net	279,641		286,760
Operating lease right-of-use assets	52,261		54,608
Goodwill	66,367		67,226
Intangible assets, net	84,609		86,700
Deferred income tax asset, net	51,508		50,615
Other non-current assets	18,906		18,902
Total assets	$	1,598,090	$	1,549,279
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	195,287	$	136,388
Accrued compensation	10,931		17,466


Finance lease liabilities - current	21,328		22,348
Operating lease liabilities - current	8,573		8,969
Real estate deferred gains - current	3,935		3,935

Other current liabilities	27,904		22,173
Total current liabilities	267,958		211,279

Long-term debt	296,874		296,660
Finance lease liabilities, less current portion	295,417		298,931
Operating lease liabilities, less current portion	45,051		47,075
Real estate deferred gains, less current portion	58,379		59,362

Other non-current liabilities	18,863		18,657
Total liabilities	982,542		931,964
Commitments and Contingencies
STOCKHOLDERS’ EQUITY:
Preferred Stock, $0.01 par value, 30,000,000 shares authorized, none outstanding	—		—
Common Stock, $0.01 par value, 20,000,000 shares authorized, 7,819,104 and 7,866,497 outstanding, respectively	78		79
Additional paid-in capital	94,454		94,762

Retained earnings	521,016		522,474
Total stockholders’ equity	615,548		617,315
Total liabilities and stockholders’ equity	$	1,598,090	$	1,549,279


	Common Stock			Additional Paid-In Capital		Retained Earnings		Stockholders’ Equity Total
	Shares	Amount

Balance, January 3, 2026	7,866	$	79	$	94,762	$	522,474	$	617,315
Net loss	—	—		—		(1,458)		(1,458)

Vesting of restricted stock units	19	(a)		(a)		—		—
Compensation related to share-based grants	—	—		3,091		—		3,091
Repurchase of shares to satisfy employee tax withholdings	(7)	(a)		(375)		—		(375)

Common stock repurchases and retirements	(59)	(1)		(3,024)		—		(3,025)

Balance, April 4, 2026	7,819	$	78	$	94,454	$	521,016	$	615,548


	Preliminary Allocation as of Acquisition Date		Measurement Periods Adjustments		Revised Preliminary Allocation
	(In thousands)
Estimated fair value of identifiable assets acquired and liabilities assumed:
Cash	$	179	$	—	$	179
Accounts receivable	6,377		—		6,377
Inventory	16,024		—		16,024
Prepaid expenses and other assets	220		—		220
Total current assets acquired	22,800		—		22,800
Property & equipment	1,319		—		1,319
Right-of-use lease assets	3,074		—		3,074
Intangible assets:
Customer relationships	47,300		—		47,300
Trade names	12,300		—		12,300
Non-compete agreements	4,700		—		4,700
Total assets acquired	91,493		—		91,493

Accounts payable	1,943		—		1,943
Accrued compensation	1,544		—		1,544
Operating lease obligations	756		—		756
Other current liabilities	331		—		331
Finance lease obligations	181		—		181
Total current liabilities assumed	4,755		—		4,755
Operating lease obligations	2,616		—		2,616
Finance lease obligations	587		—		587
Total liabilities assumed	7,958		—		7,958

Net assets acquired	83,535		—		83,535
Goodwill	11,854		(859)		10,995
	95,389		(859)		94,530
Less cash acquired	(179)		—		(179)
Preliminary purchase price	$	95,210	$	(859)	$	94,351


	Total Carrying Amount
	(In thousands)
Balance as of January 3, 2026	$	67,226





Disdero adjustment (see Note 2 to these unaudited condensed consolidated financial statements)	(859)


Balance as of April 4, 2026	$	66,367


	Fiscal Three Months Ended
Product type	April 4, 2026		March 29, 2025
	(In thousands)
Specialty products	$	511,806	$	479,387
Structural products	219,343		229,839
Total Net sales	$	731,149	$	709,226


	Fiscal Three Months Ended
Sales channel	April 4, 2026		March 29, 2025
	(In thousands)
Warehouse and reload	$	608,522	$	581,793
Direct	138,482		142,492
Customer discounts and rebates	(15,855)		(15,059)
Total Net sales	$	731,149	$	709,226


Fiscal Year:	Operating Leases		Finance Leases
	(In thousands)
2026 (remainder of fiscal year)	$	9,418	$	37,857
2027	11,741		43,566
2028	10,945		43,829
2029	9,410		40,496
2030	7,454		36,504
Thereafter	22,932		441,456
Total lease payments	$	71,900	$	643,708
Less: imputed interest	(18,276)		(326,963)
Total	$	53,624	$	316,745