8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

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

Date of Report (Date of earliest event reported): August 7, 2007

BLUELINX HOLDINGS INC.

(Exact name of registrant specified in its charter)

Delaware	001-32383	77-0627356
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

4300 Wildwood Parkway, Atlanta, Georgia	30339
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (770) 953-7000

Not applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On August 7, 2007, BlueLinx Holdings Inc. (“BlueLinx”) issued a press release announcing our financial results for the second fiscal quarter ended June 30, 2007. A copy of BlueLinx’ press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

On August 7, 2007, as previously announced, BlueLinx held a teleconference and audio webcast to discuss our financial results from the second fiscal quarter ended June 30, 2007. The webcast will be archived and can be accessed via our website at www.BlueLinxCo.com. Additionally, we have posted slides at our website, under the investor relations page, which were referenced during the audio webcast. These slides are furnished as Exhibit 99.2 hereto. All information on the slides and in the webcast is presented as of August 7, 2007, and BlueLinx does not assume any obligation to update such information in the future.

To supplement GAAP financial statements in the press release and webcast slides, we use non-GAAP, or pro forma measures of operating results. This non-GAAP, or pro forma financial information is provided as additional information for investors and is not in accordance with or an alternative to GAAP. These adjusted results exclude certain costs, expenses, gains and losses, and we believe their exclusion can enhance an overall understanding of our past financial performance and also our prospects for the future. These adjustments to our GAAP results are made with the intent of providing both management and investors a more complete understanding of the operating performance of BlueLinx as opposed to GAAP results, which may include non-recurring, infrequent or other non-cash charges that are not material to the ongoing performance of our business. Our management uses these non-GAAP and pro forma results as a basis for planning and forecasting core business activity in future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net earnings, diluted earnings per share or net cash provided by (used in) operating activities prepared in accordance with generally accepted accounting principles in the United States.

The information included in this Item 2.02, as well as Exhibits 99.1 and 99.2 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

99.1	Press release, dated August 7, 2007, reporting financial results for the second fiscal quarter ended June 30, 2007.
99.2	Webcast conference call slides used during webcast conference call on August 7, 2007.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BLUELINX HOLDINGS INC.
By:	/s/ Barbara V. Tinsley
	Barbara V. Tinsley
	General Counsel & Secretary

Dated: August 7, 2007

EXHIBIT INDEX

Exhibit
Number	Exhibit Name
99.1	Press release, dated August 7, 2007, reporting financial results for the second fiscal quarter ended June 30, 2007.
99.2	Webcast conference call slides used during webcast conference call on August 7, 2007.

EX-99.1

Exhibit 99.1

4300 Wildwood Parkway
Atlanta, GA 30339
1-888-502-BLUE
www.BlueLinxCo.com

BlueLinx Contacts:
Lynn Wentworth, CFO & Treasurer	Jim Storey, VP Investor Relations
BlueLinx Holdings Inc.	BlueLinx Holdings Inc.
(770) 953-7505	(770) 612-7169

FOR IMMEDIATE RELEASE

BLUELINX ANNOUNCES SECOND-QUARTER RESULTS
– Net Income of $0.18 Per Share on $1.08 Billion Revenue –
– Gross Margin Rises to 11.0% for Quarter –

ATLANTA – August 7, 2007 – BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building products in North America, today reported financial results for the second quarter ended June 30, 2007.

The company’s second-quarter net income totaled $5.4 million, or $0.18 per diluted share, compared with net income of $9.6 million, or $0.31 per share, in the year-ago period. The year-ago results included an after-tax charge of $3 million, or $0.10 per share, associated with the company’s mortgage refinancing. Revenues of $1.08 billion declined 21.5% from $1.38 billion for the same period a year ago. The decline reflects a 25.1% drop in structural product sales and a 17% sales decline in specialty products. Approximately two-thirds of the sales decline in structural products resulted from unit volume, which fell 17.1% from a year ago. The specialty products sales decrease was largely due to unit volume, which declined 15.3%. Overall second-quarter unit volume for the company’s estimated weighted end-use markets fell 12.8% from the prior year, driven by a 21.8% decline in housing starts and an 18.8% decline in manufactured housing.

Gross profit for the second quarter totaled $119.2 million, compared with $136.4 million in the prior-year period, largely reflecting reduced unit volume associated with the ongoing housing starts decline. The decrease in gross profit was offset in part by an increase in gross margin to 11% from 9.9% a year earlier. Structural product gross margin of 9.3% improved 230 basis points from the same period a year ago and 60 basis points from the previous quarter, due largely to ongoing effective management of our structural products business. Specialty product gross margin of 14% was down 40 basis points from a year ago, but up 10 basis points from the first quarter.

Total operating expenses of $98.7 million decreased $4.5 million, or 4.4%, from the same period a year ago, primarily reflecting lower payroll costs related to headcount reductions implemented in the third quarter of 2006. The operating expense decrease was partially offset by normal ongoing operating expense related to Austin Hardwoods, which was acquired last August, and expenses associated with business improvement programs. Operating income for the quarter totaled $20.6 million, compared with $33.3 million a year ago.

For the six months ended June 30, 2007, net income totaled $5.2 million, or $0.17 per fully diluted share, on revenues of $2.04 billion, compared with net income of $19.4 million, or $0.63 per share, on revenues of $2.76

BlueLinx Q2’07 Press Release	Page 2 of 7
August 7, 2007

billion a year ago. The declines were largely due to reduced unit volume and prices resulting from the demand slowdown in business related to new home construction.

Gross profit for the six months totaled $223 million and gross margin was 10.9%, compared with $266.4 million and 9.7%, respectively, a year earlier. Operating expenses declined to $192.5 million from $205.5 million a year ago, primarily reflecting decreases in variable compensation and lower payroll costs related to the headcount reductions, partially offset by normal ongoing operating expenses associated with Austin Hardwoods and expenses associated with business improvement programs.

“The ongoing correction in the housing market continued to weigh on much of our business during the quarter,” said Stephen Macadam, chief executive officer. “We continued to operate in a weak but generally stable business environment. In addition, wood-based structural product prices firmed somewhat during the quarter, with the average quarterly price for key grades rising about 10% from the first quarter of this year, after deteriorating continually during 2006. Despite the rise, we do not expect a prolonged price increase until more sustained demand returns with the eventual recovery of the housing sector.

“This challenging environment is continuing into the second half of 2007 and we do not see any signs of recovery on the horizon for our housing-related business,” Macadam said. “We are focused on margin performance and diligently managing inventory, costs and working capital. At the same time, we are continuing to execute on our growth strategy by offering high-quality service to our customers, by forging new long-term relationships with suppliers and customers, and by continuing to invest in the processes and systems necessary to grow our company as a leading distributor of specialty building products.”

Dividend

On August 6, 2007 the BlueLinx Board of Directors declared a $0.125 dividend on the company’s common shares for the quarter ended June 30, 2007. The dividend is payable on September 28, 2007, to shareholders of record on September 14, 2007.

Conference Call

BlueLinx will host a conference call today at 10:00 a.m. Eastern Time, accompanied by a supporting slide presentation. Investors may listen to the conference call and download the presentation by going to the Investor Relations page of the BlueLinx Web site at www.BlueLinxCo.com. Investors also can access a recording of the conference call for one week by calling (706)645-9291, Conference ID# 10913212. The recording will be available two hours after the conference call has concluded. Investors also can access a recording of this call on the BlueLinx Web site where a replay of the Webcast will be available for 90 days.

Use of Non-GAAP Measures

BlueLinx reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). The company also believes that presentation of certain non-GAAP measures, i.e., results excluding certain charges, provides useful information for the understanding of its ongoing operations and enables investors to focus on period-over-period operating performance, without the impact of significant special items, and thereby enhances the user’s overall understanding of the company’s current financial performance relative to past performance and provides a better baseline for modeling future earnings expectations. Non-GAAP measures are reconciled in the financial tables accompanying this news release. The company cautions that non-GAAP measures should be considered in addition to, but not as a substitute for, the company’s reported GAAP results.

About BlueLinx Holdings Inc.

Headquartered in Atlanta, Georgia, BlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building products in North America. Employing more than 3,200 people, BlueLinx offers greater than 10,000 products from over 750 suppliers to service approximately 11,500 customers nationwide, including dealers, industrial manufacturers, manufactured housing producers and home improvement retailers. The company operates its distribution business from sales centers in Atlanta and Denver, and its network of more than 70 warehouses. BlueLinx, which is on the Fortune 500 list of the nation’s

BlueLinx Q2’07 Press Release	Page 3 of 7
August 7, 2007

largest companies, is traded on the New York Stock Exchange under the symbol BXC. Additional information about BlueLinx can be found on its Web site at www.BlueLinxCo.com.

Forward-looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All of these forward-looking statements are based on estimates and assumptions made by our management that, although believed by BlueLinx to be reasonable, are inherently uncertain. Forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of its control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements. These risks and uncertainties may include, among other things: changes in the supply and/or demand for products that we distribute, especially as a result of conditions in the residential housing market; general economic and business conditions in the United States; the activities of competitors; changes in significant operating expenses; changes in the availability of capital; the ability to identify acquisition opportunities and effectively and cost-efficiently integrate acquisitions; adverse weather patterns or conditions; acts of war or terrorist activities; variations in the performance of the financial markets; and other factors described in the “Risk Factors” section in the company’s Annual Report on Form 10-K for the year ended December 30, 2006, and in its periodic reports filed with the Securities and Exchange Commission from time to time. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. BlueLinx undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.

- Tables to Follow -

BlueLinx Q2’07 Press Release
August 7, 2007 Page 4 of 7

BlueLinx Holdings Inc.
Statements of Operations
  in thousands, except per share data

	Quarters Ended						Six Months Ended
	June 30,			July 1,			June 30,			July 1,
	2007			2006			2007			2006
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Net sales	$	1,081,990		$	1,378,950		$	2,039,104		$	2,755,556
Cost of sales		962,752			1,242,507			1,816,111			2,489,161
Gross profit		119,238			136,443			222,993			266,395
Operating expenses:
Selling, general, and administrative		93,346			98,122			181,814			195,389
Depreciation and amortization		5,335			5,063			10,734			10,106
Total operating expenses		98,681			103,185			192,548			205,495
Operating income		20,557			33,258			30,445			60,900
Non-operating expenses:
Interest expense		11,798			12,262			22,404			23,459
Charges associated with mortgage refinancing		—			4,864			—			4,864
Other (income)/expense, net		(225	)		(69	)		(608	)		12
Income before provision for income taxes		8,984			16,201			8,649			32,565
Provision for income taxes		3,550			6,590			3,404			13,160
Net income		5,434			9,611			5,245			19,405
Basic weighted average number of common shares outstanding		30,848			30,649			30,824			30,533
Basic net income per share applicable to common stock	$	0.18		$	0.31		$	0.17		$	0.64
Diluted weighted average number of common shares outstanding		30,995			30,790			30,945			30,751
Diluted net income per share applicable to common stock	$	0.18		$	0.31		$	0.17		$	0.63
Dividends declared per share of common stock	$	0.125		$	0.125		$	0.25		$	0.25

BlueLinx Q2’07 Press Release
August 7, 2007 Page 5 of 7

BlueLinx Holdings Inc.
Balance Sheets
in thousands

	June 30,			December 30,
	2007			2006
	(unaudited)
Assets:
Current assets:
Cash	$	24,756		$	27,042
Receivables		405,798			307,543
Inventories		470,222			410,686
Deferred income taxes		9,908			9,024
Other current assets		39,911			44,948
Total current assets		950,595			799,243
Property, plant, and equipment:
Land and land improvements		57,172			56,985
Buildings		96,763			95,814
Machinery and equipment		66,732			61,955
Construction in progress		4,515			2,025
Property, plant, and equipment, at cost		225,182			216,779
Accumulated depreciation		(46,544	)		(38,530	)
Property, plant, and equipment, net		178,638			178,249
Other non-current assets		23,238			26,870
Total assets		1,152,471			1,004,362
Liabilities :
Current liabilities:
Accounts payable	$	260,318		$	195,815
Bank overdrafts		34,563			50,241
Accrued compensation		10,306			8,574
Current maturities of long-term debt		103,816			9,743
Other current liabilities		16,644			14,633
Total current liabilities		425,647			279,006
Noncurrent liabilities:
Long-term debt		522,719			522,719
Deferred income taxes		1,870			1,101
Other long-term liabilities		10,842			12,137
Total liabilities		961,078			814,963
Shareholders’ Equity:
Common stock		312			309
Additional paid in capital		140,471			138,066
Accumulated other comprehensive income		2,537			412
Retained earnings		48,073			50,612
Total shareholders’ equity		191,393			189,399
Total liabilities and equity	$	1,152,471		$	1,004,362

BlueLinx Q2’07 Press Release
August 7, 2007 Page 6 of 7

BlueLinx Holdings Inc.
Statements of Cash Flows
  in thousands

	Six Months Ended
	June 30			July 1,
	2007			2006
	(unaudited)			(unaudited)
Cash flows from operating activities:
Net income	$	5,245		$	19,405
Adjustments to reconcile net income to cash used in operations:
Depreciation and amortization		10,734			10,106
Amortization of debt issue costs		1,215			1,409
Charges associated with mortgage refinancing		—			4,864
Deferred income tax benefit		(1,563	)		(1,733	)
Share-based compensation		2,227			1,246
Excess tax benefits from share-based compensation arrangements		(60	)		(863	)
Changes in assets and liabilities:
Receivables		(98,255	)		(70,028	)
Inventories		(59,536	)		(59,093	)
Accounts payable		64,503			(13,733	)
Changes in other working capital		8,840			(5,515	)
Other		2,278			498
Net cash used in operating activities		(64,372	)		(113,437	)
Cash flows from investing activities:
Property, plant, and equipment investments		(10,027	)		(2,785	)
Proceeds from sale of assets		1,086			332
Net cash used in investing activities		(8,941	)		(2,453	)
Cash flows from financing activities:
Proceeds from stock options exercised		323			1,483
Excess tax benefits from share-based compensation arrangements		60			863
Net increase in revolving credit facility		94,073			5,512
Proceeds from new mortgage		—			295,000
Debt financing costs		—			(5,953	)
Retirement of old mortgage		—			(165,000	)
Prepayment fees associated with old mortgage		—			(2,475	)
Decrease in bank overdrafts		(15,678	)		(3,034	)
Common dividends paid		(7,784	)		(7,680	)
Other		33			—
Net cash provided by financing activities		71,027			118,716
Increase (decrease) in cash		(2,286	)		2,826
Balance, beginning of period		27,042			24,320
Balance, end of period	$	24,756		$	27,146

BlueLinx Q2’07 Press Release
August 7, 2007 Page 7 of 7

BlueLinx Holdings, Inc.
Reconciliation of Non-GAAP Financial Measures to their GAAP Equivalents
   in thousands, except per share data

	Quarters Ended					Six Months Ended
	June 30, 2007		July 1, 2006			June 30, 2007		July 1, 2006
	(unaudited)		(unaudited)			(unaudited)		(unaudited)
Reconciliation of Income Before Charges and Income Before Charges Per Share:
Net Income	$	5,434	$	9,611		$	5,245	$	19,405
Reconciling Items:
Write-off of unamortized debt issuance costs		—		2,828			—		2,828
Termination penalty resulting from prepayment of old mortgage		—		1,650			—		1,650
Unamortized exit penalty resulting from prepayment of old mortgage		—		386			—		386
Charges associated with mortgage refinancing		—		4,864			—		4,864
Tax effect of reconciling items at 39.0%		—		(1,897	)		—		(1,897	)
Net income before mortgage refinancing(1)	$	5,434	$	12,578		$	5,245	$	22,372
Diluted weighted average number of common shares outstanding:		30,995		30,790			30,945		30,751
Diluted net income per share applicable to common stock	$	0.18	$	0.31		$	0.17	$	0.63
Reconciling Items:
Write-off of unamortized debt issuance costs		—		0.09			—		0.09
Termination penalty resulting from prepayment of old mortgage		—		0.06			—		0.06
Unamortized exit penalty resulting from prepayment of old mortgage		—		0.01			—		0.01
Charges associated with mortgage refinancing		—		0.16			—		0.16
Tax effect of reconciling items at 39.0%		—		(0.06	)		—		(0.06	)
Diluted net income before mortgage refinancing per share applicable to common stock (1)	$	0.18	$	0.41		$	0.17	$	0.73

Note (1) — Net income before mortgage refinancing is a non-GAAP performance measure and is not intended to be a performance measure that should be regarded as an alternative to or more meaningful than GAAP net income.

# # #

EX-99.2

Exhibit 99.2

BlueLinx Quarterly Review 2nd Quarter 2007

BlueLinx Holdings Inc. Safe Harbor Statement and Use of Non-GAAP and Pro Forma Information Forward-Looking Statement Safe Harbor - This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All of these forward-looking statements are based on estimates and assumptions made by our management that, although believed by BlueLinx to be reasonable, are inherently uncertain. Forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of its control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements. These risks and uncertainties may include, among other things: changes in the supply and/or demand for products which we distribute, especially as a result of conditions in the residential housing market; general economic business conditions in the United States; the activities of competitors; changes in significant operating expenses; changes in the availability of capital; the ability to identify acquisition opportunities and effectively and cost-efficiently integrate acquisitions; general economic and business conditions in the United States; adverse weather patterns or conditions; acts of war or terrorist activities; variations in the performance of the financial markets; and other factors described in the "Risk Factors" section in the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2006, and in its periodic reports filed with the SEC from time to time. In addition, the statements in this presentation are made as of August 7, 2007. The Company expects that subsequent events or developments will cause its views to change. The Company undertakes no obligation to update any of the forward-looking statements made herein, whether as a result of new information, future events, changes in expectation or otherwise. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to August 7, 2007. Use of Non-GAAP and Pro Forma* Financial Information - To supplement GAAP financial statements, the Company uses non-GAAP, or pro forma measures of operating results. This non-GAAP, or pro forma financial information is provided as additional information for investors and is not in accordance with or an alternative to GAAP. These adjusted results exclude certain costs, expenses, gains and losses, and we believe their exclusion can enhance an overall understanding of our past financial performance and also our prospects for the future. These adjustments to our GAAP results are made with the intent of providing both management and investors a more complete understanding of the operating performance of the Company as opposed to GAAP results, which may include non-recurring, infrequent or other non-cash charges that are not material to the ongoing performance of the Company's business. Company management uses these non-GAAP and pro forma results as a basis for planning and forecasting core business activity in future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net earnings, diluted earnings per share or net cash provided by (used in) operating activities prepared in accordance with generally accepted accounting principles in the United States.

2nd Quarter Highlights 2nd Quarter Highlights Housing Starts Declined 21.8% from the same period last year Declined 21.8% from the same period last year Prices Average prices of key grades of wood-based structural products down 8% from a year ago and up 10% vs. 1Q '07 Average prices of key grades of wood-based structural products down 8% from a year ago and up 10% vs. 1Q '07 Revenue Down 21.5% to $1.1 billion Specialty down 17%, 46% of Total Revenue, 56% of GM Structural down 25.1% Down 21.5% to $1.1 billion Specialty down 17%, 46% of Total Revenue, 56% of GM Structural down 25.1% Unit Volume Total down 16.3% Specialty down 15.3% Structural down 17.1% End-use markets down 12.8% Total down 16.3% Specialty down 15.3% Structural down 17.1% End-use markets down 12.8% Gross Margin Total 11.0% vs. 9.9% in 2Q '06 Specialty 14.0% Structural 9.3% Total 11.0% vs. 9.9% in 2Q '06 Specialty 14.0% Structural 9.3% Net Income $5.4 million / $0.18 per share vs. $9.6 million / $0.31 per share $5.4 million / $0.18 per share vs. $9.6 million / $0.31 per share Quarterly Highlights

Introduction Steve Macadam Chief Executive Officer

BlueLinx continues to focus on its long term strategic objectives in a difficult operating environment Profitably grow specialty revenues to 60+% of total sales Profitably grow structural while reducing exposure to volatility Outgrow the market over the long term 2nd Quarter Progress Cultivate new customers and suppliers Manage costs and working capital Invest in our business Introduction

Lynn Wentworth Chief Financial Officer & Treasurer Financial Review

Quarterly Revenue Q4 '05 Q1 '06 Q2 '06 Q3 '06 Q4 '06 Q1 '07 Q2 '07 Specialty 539.5 580 603.3 553.5 460 456.5 500.8 Structural 815.2 813.4 798.7 666.6 509.2 518.9 598.1 Other -25.4 -16.8 -23 -16.6 -28.9 -18.3 -16.9 Specialty Unit Volume (15.3%) YOY $297.0 or 21.5% Structural Unit Volume (17.1%) Prices (6.3%) ($297.0) 2Q '07 Specialty 500.8 Structural 598.1 2Q '06 2Q '07 2Q '06 Specialty 603.3 Structural 798.4 Vs. Year Ago Revenue down 21.5% Specialty sales down 17%, unit volume down 15% Structural sales down 25%, unit volume down 17% Specialty product sales = 46% of total sales % by Product

Quarterly Gross Margin Q4 '05 Q1 '06 Q2 '06 Q3 '06 Q4 '06 Q1 '07 Q2 '07 Speciatly 76.8 80.4 86.9 77.5 63.5 63.6 70 Structural 67.8 55.8 55.7 46.8 35.7 44.9 55.9 Other -4.3 -6.2 -6.2 -3.4 -6.7 -4.8 -6.7 BXC generated $119.2 million in gross profit for the quarter, equating to 11% gross margin Gross Margin improvement driven by: Effective pricing management for structural products On going transition to specialty Channel mix $119.2 YOY $17.2 or 12.6% 1Q '06 2Q '06 3Q '06 4Q '06 1Q '07 2Q '07 GM % 0.094 0.099 0.1 0.098 0.108 0.11 YOY 110 bp $136.4 $120.9 $103.8 $92.5 Gross Margin 2Q '06 2Q '07 Specialty $86.9 $70.0 14.4% 14.0% Structural $55.7 $55.9 7.0% 9.3% Other ($6.2) ($6.7) Total $136.4 $119.2 9.9% 11.0% Spec GM % 14.4% 14.0% 13.8% 13.9% 14.0% Struc GM % 7.0% 7.0% 7.0% 8.7% 9.3%

Quarterly Operating Expense Operating Expense 1Q '06 102.3 2Q '06 103.2 3Q '06 104.9 4Q '06 91.9 1Q '07 93.9 2Q '07 98.7 YOY $4.5 or 4.4% BXC continued to tightly manage operating costs during the quarter, resulting in a decrease from the prior year quarter Lower payroll cost related to headcount reductions

Quarterly Net Income and EPS 1Q '06 2Q '06 3Q '06 4Q '06 1Q '07 2Q '07 Net Income 9.8 9.6 2.3 -5.9 -0.2 5.4 EPS 0.32 0.31 0.07 -0.19 -0.01 0.18

YTD Results revenue YTD '06 2755.556 YTD '07 2039.104 YOY $716.5 or 26% YTD '06 YTD '07 GM % 0.097 0.109 YOY 120 bp Operating Expense YTD '06 205.495 YTD '07 192.549 YOY $13 or 6.3% YTD '06 YTD '07 Net Income 19.405 5.245 EPS 0.63 0.17

Cash Flows Beginning Cash Balance 0 20.262 Net Income 20.262 5.434 Non - Cash Adjustments 25.696 5.541 Receivables 3.134 28.103 Inventories 3.134 -1.538 Accounts Payable -1.538 24.839 Other Working Capital 24.839 8.058 Net Cash provided by (used in) operating activities 20.262 12.635 Net Cash provided by (used in) investing activities 29.025 3.728 Net Cash provided by (used in) financing activities 28.52 0.505 Dividends 24.612 3.908 Ending Cash Balance 24.8 Three Months Ended June 30, 2007 (in millions) BXC generated $12.6 million in operating cash flow for the quarter For the six-month period, BXC used $64.4 million in operating cash flow $4.5

Inventory Analysis BXC managed inventory to support strategic initiatives YOY decline reflects tighter management of structural inventory Specialty inventory was managed to balance support of new products and vendors with a generally weak demand environment 1Q '06 2Q '06 3Q '06 4Q '06 1Q '07 2Q '07 Inventory 501.2 532.2 471.2 410.7 465.6 470.2 YOY $62.0 or 11.7% Sequential Quarter Variance Year Ago Quarter Variance Specialty -1.2 -19.5 Structural 3.8 -28.5 Other 2 -14 Other includes in-transit inventory accruals, discounts, allowances, reserves, and other miscellaneous items $4.6 ($62.0)

Working Capital 1Q '06 2Q '06 3Q '06 4Q '06 1Q '07 2Q '07 Average Working Capital 606.7 664.8 666.9 564 565.118 626.929 Revenue 1376.6 1379 1203.5 940.3 957.114 1081.99 COGS 1246.7 1242.5 1082.7 847.7 853.359 962.752 Working capital turn days at 52 vs. 53 in 1Q '07 and 43 same period last year Inventory turn days remain above desired levels and are being actively managed across the company Accounts Receivable and Accounts Payable in line with historical turn day levels Turn days 43 50 54 53 52

Summary 2nd Quarter Achievements Managed margins well in this continued challenging environment 11% gross margin vs. 9.9% for the same period a year ago Aggressively managed costs 4.4%, $4.5 million decline in operating expenses from a year ago Inventory tightly managed to balance specialty growth objective with overall demand environment Making necessary investments to support specialty growth strategy Inventory management and forecasting, financial budgeting and reporting, order tracking and visibility, and sales training Financially sound with financial resources necessary to continue pursuing our strategic objectives and maintain our dividend

George Judd President & Chief Operating Officer Operations Review

Structural decline due to housing slowdown and margin strategy Q2 specialty underperformed end-use markets by 250 bp Unit Volume Growth Unit Volume Growth

Price competition in transactional business and product transitions negatively impacted Q2 specialty unit volume growth Austin Hardwoods, acquired August 2006, contributed 86 bp to specialty unit volume for the quarter Specialty Unit Growth vs. End Use Markets

Key Initiatives To support our strategic objectives: Improve gross margin by increasing mix of specialty and mitigating volatility of structural Invest in people and processes to support specialty growth Increase presence in under represented business areas, particularly industrials Expand relationships with existing specialty product vendors Make acquisitions in support of our specialty growth strategy

Steve Macadam Summary Remarks No signs of significant recovery in housing related business Managing our business appropriately given the challenging environment Focused on: Improving overall gross margin performance relative to 2006 Growing specialty business Controlling and managing costs Investing in the future

Appendix TOPIC PAGE Revenues by Quarter 22 Unit Volume Growth by Quarter 23 Market Growth by Quarter 24 Gross Margin by Quarter 25 Profit and Loss Statement by Quarter 26 Inventory by Quarter 27 Gross Margin % Analysis 28 Channel Mix Analysis 29 Structural Product Price Trends 30

Revenues by Quarter Revenues by Quarter

Unit Volume Growth by Quarter Unit Volume Growth by Quarter

Source: Data from Resource Information Systems, Inc., or RISI, updated as of July, 2007 weighted using management's estimates. Market Growth by Quarter Market Growth by Quarter

Gross Margin by Quarter Gross Margin by Quarter

Profit & Loss Statement by Quarter Profit & Loss Statement by Quarter

Inventory by Quarter Inventory by Quarter

Gross Margin % Analysis Gross Margin % Analysis

Revenue Channel Mix Analysis Revenue Channel Mix Analysis

Source: Data from Random Lengths Publications, Inc., updated as of August 3, 2007 Structural Products Price Trend Structural Products Price Trend Structural Products Price Trend Structural Products Price Trend