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): May 7, 2015

BLUELINX HOLDINGS INC.

(Exact name of registrant specified in its charter)

Delaware	001-32383	77-0627356
(State or other	(Commission	(I.R.S. Employer
jurisdiction of incorporation)	File Number)	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 (see General Instruction A.2. below):

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

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

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

¨ 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 May 7, 2015, BlueLinx Holdings Inc. (“BlueLinx” or “the Company”) issued a press release announcing its financial results for the fiscal first quarter ended April 4, 2015. A copy of BlueLinx’ press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

On May 7, 2015, as previously announced, BlueLinx will hold a teleconference and audio webcast to discuss its financial results from the fiscal first quarter ended April 4, 2015. The webcast will be archived and can be accessed via BlueLinx’ website at www.BlueLinxCo.com. Additionally, BlueLinx will post slides at its website, under the investor relations page, which will be 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 May 7, 2015, and BlueLinx does not assume any obligation to update such information in the future.

To supplement GAAP financial information, we may use adjusted measures of operating results which are non-GAAP measures. This non-GAAP adjusted financial information is provided as additional information for investors. 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 our operating performance by excluding non-recurring, infrequent or other non-cash charges that are not believed to be material to the ongoing performance of our business. The presentation of this additional information is not meant to be considered in isolation or as a substitute for GAAP measures of 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

(d)        Exhibits

Exhibit No.	Description
99.1	Press release, dated May 7, 2015, reporting financial results for the fiscal first quarter ended April 4, 2015
99.2	Webcast conference call slides used during webcast conference call on May 7, 2015

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.
		(Registrant)
Date: May 7, 2015	By:	/s/ Susan C. O’Farrell
		Susan C. O’Farrell
		Senior Vice President, Chief Financial Officer, Treasurer, and Principal Accounting Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release, dated May 7, 2015, reporting financial results for the fiscal first quarter ended April 4, 2015
99.2	Webcast conference call slides used during webcast conference call on May 7, 2015

EX-99.1

Exhibit 99.1

4300 Wildwood Parkway

Atlanta, GA 30339

1-888-502-BLUE

www.BlueLinxCo.com

BlueLinx Contacts:
Susan O’Farrell, SVP, Treasurer & CFO	Investor Relations:
BlueLinx Holdings Inc.	Caroline Lowden, Director Finance
(770) 953-7000	(770) 953-7522

FOR IMMEDIATE RELEASE

BLUELINX ANNOUNCES FIRST-QUARTER RESULTS

- Revenue of $455 million Increases by $11.0 million from Prior Year-

-Volume Increases in Both Structural and Specialty Products for the First Time in Five Quarters-

- Excess Availability of $78 million -

ATLANTA - May 7, 2015 - BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building products in North America, today reported financial results for the first quarter ended April 4, 2015.

First Quarter Financial Highlights

• Revenue for first quarter of $455 million, up $11.0 million, or 2.5%, compared to first quarter 2014

• Operating expense reductions of $2 million while volumes increased

• Successful extension of our $467.5 million Asset-Based Loan facility this quarter

• Excess availability of $78 million as of April 4, 2015, an increase of $19 million over year-end 2014

“We were pleased to see revenue growth this quarter, particularly as regions of our business were impacted by inclement weather. The improved volume in both structural and specialty product segments were particularly encouraging in light of a falling commodity market. Additionally, we continue to make progress in our operational efficiency as we reduced operating costs by $2 million, while our volumes increased in the first quarter," said Mitch Lewis, President and Chief Executive Officer.

Susan O’Farrell, Senior Vice President and Chief Financial Officer added, “We have extended our $467.5 million Asset-Based Loan facility this quarter and are now assessing alternatives that will allow us to unlock the additional value of our mortgage properties. In addition, we continue our focus on working capital and are encouraged that cash usage improved by $8.6 million from first quarter 2014.”

First Quarter Results Compared to Prior Period

Revenues for the fiscal first quarter ended April 4, 2015, were $454.9 million, an increase of $11.0 million, or 2.5%, compared to first quarter 2014. Overall, revenue growth was led by structural unit volume increases of 3.2%, primarily in the lumber and OSB product categories. Specialty unit volumes increased by 2.6% primarily in siding and metals products.

Gross profit in the first quarter 2015 was $50.2 million, down $2.5 million, or 4.7%, compared to the first quarter 2014. Gross margin decreased 84 basis points in first quarter to 11.0%. We maintained specialty product margins year over year during a challenging quarter for end markets, while overall gross margins were primarily impacted by the decline in structural commodity prices, especially in lumber and OSB.

1

Adjusted EBITDA for the fiscal first quarter 2015 of $0.4 million versus Adjusted EBITDA of $1.0 million for the same period a year ago.

The Company recorded a net loss of $8.9 million, or $(0.10) per diluted share, in the fiscal first quarter 2015 versus a loss in fiscal first quarter 2014 of $8.6 million, or $(0.10) per diluted share.

Liquidity

As of April 4, 2015, the Company had $78 million of excess availability under its asset-based revolving credit facilities, based on qualifying inventory and receivables.

Conference Call

BlueLinx will host a conference call today at 10:00 a.m. Eastern Time, accompanied by a supporting slide presentation. Investors can listen to the conference call and view the accompanying slide presentation by going to the BlueLinx web site, www.BlueLinxCo.com, and selecting the conference link on the Investor Relations page. Investors will be able to access an archived recording of the conference call for one week by calling 404-537-3406, Conference ID# 21238435. 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 website, 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 or other nonrecurring events, when appropriate, 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. Any non-GAAP measures used herein 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.

Adjusted EBITDA is a non-GAAP measure that management uses to evaluate the performance of the Company. Adjusted EBITDA, as we define it, is an amount equal to net income (loss) plus interest expense and related items, income taxes, stock compensation, depreciation and amortization, further adjusted to exclude other non-cash items and certain other adjustments. Adjusted EBITDA is presented herein because we believe it is a useful supplement to cash flow from operations in understanding cash flows generated from operations that are available for debt service (interest and principal payments) and further investment in acquisitions. However, Adjusted EBITDA is not a presentation made in accordance with GAAP, and is not intended to present a superior measure of the financial condition from those determined under GAAP.

About BlueLinx Holdings Inc.

BlueLinx Holdings Inc., operating through its wholly owned subsidiary BlueLinx Corporation, is a leading distributor of building products in North America. The Company is headquartered in Atlanta, Georgia and operates its distribution business through its network of 48 distribution centers. BlueLinx is traded on the New York Stock Exchange under the symbol BXC. Additional information about BlueLinx can be found on its website 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, including statements relating to our ability to return to profitability, and our guidance regarding anticipated financial results. 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 BlueLinx’ control that may cause its 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 prices, supply and/or demand for products that it distributes, general economic and business conditions in the United States; the activities of competitors; changes in significant operating expenses; changes in the availability of capital and interest rates; adverse weather patterns or conditions; acts of cyber intrusion; variations in the performance of the financial markets, including the credit markets; and other factors described in the “Risk Factors” section in the Company’s Annual Report on Form 10-K for the year ended January 3, 2015, 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, and changes in expectation or otherwise, except as required by law.

2

BLUELINX HOLDINGS INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(unaudited)

	Three Months Ended   April 4, 2015			Three Months Ended   April 5, 2014
Net sales	$	454,949		$	443,944
Cost of sales	404,753			391,268
Gross profit	50,196			52,676
Operating expenses:
Selling, general, and administrative	50,036			51,987
Depreciation and amortization	2,278			2,352
Total operating expenses	52,314			54,339
Operating income (loss)	(2,118		)	(1,663		)
Non-operating (income) expenses:
Interest expense	6,553			6,454
Other (income) expense, net	358			160
Income (loss) before provision for (benefit from) income taxes	(9,029		)	(8,277		)
Provision for (benefit from) income taxes	(84		)	331
Net income (loss)	$	(8,945	)	$	(8,608	)
Basic and diluted weighted average number of common shares outstanding	87,165			85,187
Basic and diluted net income (loss) per share applicable to common stock	$	(0.10	)	$	(0.10	)

3

BLUELINX HOLDINGS INC.

CONSOLIDATED BALANCE SHEETS

(In thousands)

(unaudited)

	April 4, 2015			January 3, 2015
Assets:
Current assets:
Cash	$	6,033		$	4,522
Receivables, net	177,635			144,537
Inventories, net	275,095			242,546
Other current assets	20,773			23,289
Total current assets	479,536			414,894
Property, plant, and equipment:
Land and land improvements	40,997			41,095
Buildings	89,978			90,161
Machinery and equipment	79,390			77,279
Construction in progress	278			1,188
Property, plant, and equipment, at cost	210,643			209,723
Accumulated depreciation	(104,964		)	(104,456		)
Property, plant, and equipment, net	105,679			105,267
Non-current deferred income tax assets, net	501			501
Other non-current assets	13,073			18,320
Total assets	$	598,789		$	538,982
Liabilities:
Current liabilities:
Accounts payable	$	100,946		$	67,291
Bank overdrafts	25,815			27,280
Accrued compensation	5,697			5,643
Current maturities of long-term debt	4,505			2,679
Deferred income taxes, net	518			518
Other current liabilities	13,032			13,831
Total current liabilities	150,513			117,242
Non-current liabilities:
Long-term debt	438,826			403,274
Pension benefit obligation	40,523			41,734
Other non-current liabilities	13,333			12,758
Total liabilities	643,195			575,008
Stockholders’ equity (deficit):
Common Stock, $0.01 par value, 200,000,000 shares authorized at April 4, 2015 and January 3, 2015; 89,416,236 and 88,748,638 shares issued at April 4, 2015 and January 3, 2015, respectively.	895			888
Additional paid-in capital	253,679			253,051
Accumulated other comprehensive income (loss)	(34,496		)	(34,425		)
Accumulated stockholders' equity (deficit)	(264,484		)	(255,540		)
Total stockholders’ equity (deficit)	(44,406		)	(36,026		)
Total liabilities and stockholders’ equity (deficit)	$	598,789		$	538,982

4

BLUELINX HOLDINGS INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(unaudited)

	Three Months Ended   April 4, 2015			Three Months Ended   April 5, 2014
Cash flows from operating activities:
Net income (loss)	$	(8,945	)	$	(8,608	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:
Depreciation and amortization	2,278			2,352
Amortization of debt discount and issuance costs	779			744
Gain from sale of properties	—			(210		)
Severance charges	21			—
Intraperiod income tax allocation related to the hourly pension plan	—			(76		)
Pension expense	238			225
Share-based compensation expense	617			690
Other	(628		)	(170		)
Change in net cash from other operating activities	(5,640		)	(5,053		)
Changes in operating assets and liabilities:
Receivables, net	(33,098		)	(40,469		)
Inventories, net	(32,549		)	(37,426		)
Accounts payable	33,655			37,743
Restructuring liability	(351		)	(603		)
Restricted cash related to insurance and other	(1,050		)	(1,285		)
Prepaid assets	915			—
Accrued compensation and other assets and liabilities	573			978
Net cash provided by (used in) operating activities	(37,545		)	(46,115		)
Cash flows from investing activities:
Property, plant, and equipment investments	(665		)	(775		)
Proceeds from sale of assets	328			283
Net cash provided by (used in) investing activities	(337		)	(492		)
Cash flows from financing activities:
Repurchase of shares to satisfy employee tax withholdings	(261		)	(456		)
Repayments on revolving credit facilities	(76,723		)	(99,146		)
Borrowings from revolving credit facilities	121,806			149,116
Principal payments on mortgage	(7,930		)	(809		)
Payments on capital lease obligations	(1,056		)	(570		)
Increase (decrease) in bank overdrafts	(1,465		)	2,139
Decrease (increase) in restricted cash related to the mortgage	5,056			(1,024		)
Debt financing costs	(34		)	—
Proceeds from (payments on) stock offering, less expenses paid	—			(98		)
Net cash provided by (used in) financing activities	39,393			49,152
Increase (decrease) in cash	1,511			2,545
Cash balance, beginning of period	4,522			5,034
Cash balance, end of period	$	6,033		$	7,579
Supplemental Cash Flow Information
Noncash investing and financing transactions:
Equipment under capital leases	$	1,698		$	1,061
Debt financing costs	$	1,152		$	75

5

BLUELINX HOLDINGS INC.

RECONCILIATION OF GAAP NET INCOME (LOSS) TO NON-GAAP ADJUSTED EBITDA

(In thousands)

(unaudited)

	Three Months Ended   April 4, 2015			Three Months Ended   April 5, 2014
Net income (loss)	$	(8,945	)	$	(8,608	)
Adjustments:
Depreciation and amortization	2,278			2,352
Interest expense	6,553			6,454
Provision for (benefit from) income taxes	(84		)	331
Gain from the sale of properties	—			(210		)
Share-based compensation expense, excluding restructuring	617			690
Restructuring, severance, debt fees, and other	(31		)	—
Adjusted EBITDA	$	388		$	1,009

6

EX-99.2

BlueLinx Quarterly Review 1st Quarter 2015

2 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 us 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 our 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 prices, supply, and/or demand for products which we distribute; general economic and business conditions in the United States; the activities of competitors; changes in significant operating expenses; changes in the availability of capital and interest rates; adverse weather patterns or conditions; acts of cyber intrusion; variations in the performance of the financial markets, including the credit markets; and other factors described in the "Risk Factors" section in our Annual Report on Form 10-K for the fiscal year ended January 3, 2015, and in our other periodic reports filed with the SEC. In addition, the statements in this presentation are made as of May 7, 2015. We undertake 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 our views as of any date subsequent to May 7, 2015. Use of Non-GAAP and Adjusted Financial Information - To supplement GAAP financial information, we use adjusted measures of operating results which are non-GAAP measures. This non-GAAP adjusted financial information is provided as additional information for investors. 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 our operating performance by excluding non-recurring, infrequent or other non-cash charges that are not believed to be material to the ongoing performance of our business. The presentation of this additional information is not meant to be considered in isolation or as a substitute for GAAP measures of 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. BlueLinx Holdings Inc.

3 Mitch Lewis Chief Executive Officer

4 Executive Summary – First Quarter 2015 • Revenue of $455 million dollars, up $11 million, or 2.5%, from first quarter 2014 • Driven by unit volume increases in both structural and specialty products • Gross margin of 11.0% • Maintained specialty gross margins year-over-year • Structural margins impacted by commodity pricing • Adjusted EBITDA $0.4 million • $78 million excess availability as of April 4, 2015 • $19 million dollar improvement over end of fourth quarter 2014

5 U.S. Single-Family Housing Permits and Starts Single-family housing activity compared to last year decelerated in the quarter, however solid growth is expected for the year Source: U.S. Census Bureau

6 Price and Volume First Quarter 2015

7 Quarterly Revenues (1) Excludes Service Revenue and accounting adjustments. Immaterial rounding adjustments and differences may exist between slides, press releases, and previously issued presentations. vs. Year Ago • Mix consistent with prior year Revenue Up $11M or 2.5% vs. Year Ago • Specialty sales up 3.6%(1) • Structural sales up 1.4% ($ millions)

8 Key Emphasis • Focus on opportunities in the local markets • Drive operational improvements across the organization • Supplier engagement to create mutual success • Continue margin enhancement activities • Closely manage working capital and liquidity Key Emphasis for BlueLinx

9 Susan O’Farrell Chief Financial Officer and Treasurer

10 in millions - unaudited (1) Q1 2015 Q1 2014 Net Sales $ 454.9 $ 443.9 Gross Profit $ 50.2 $ 52.7 Gross Margin 11.0 % 11.9 % Revenue and Gross Margins • Sales up $11 million, or 2.5% from prior year • Specialty margins of 13% remain consistent year over year • Margin decrease primarily due to structural products that were down 100 basis points from prior period (1) Immaterial rounding adjustments and differences may exist between slides, press releases, and previously issued presentations.

11 in millions - unaudited(1) Q1 2015 Q1 2014 Change Selling, General and Administrative $ 50.0 $ 52.0 $ (2.0 ) Depreciation and Amortization 2.3 2.3 — Total Operating Expenses $ 52.3 $ 54.3 $ (2.0 ) Operating Expenses First quarter 2015 operating expenses were down $2 million, or 3.7%, from prior period (1) Immaterial rounding adjustments and differences may exist between slides, press releases, and previously issued presentations.

12 Debt Structure • Asset Based Revolving Credit Facilities • Successful extension of $447.5 million U.S. revolving credit facility until April 2017 • FILO • Successful extension of $20 million Tranche A loan to full maturity of June 2016 • Mortgage • Assessing opportunities at this time to unlock the value of our mortgage • Valuation at approximately $322 million in 2006 • $169 million net principal remaining

13 Cash Flows Year-to-Date Operating Cash Usage Improved $8.6 million ($46.1) ($37.5) Q1 2015 Q1 2014 in millions - unaudited (1) Net cash (used in) provided by operating activities $ (37.5 ) $ (46.1 ) Net cash (used in) provided by investing activities (0.3 ) (0.5 ) Net cash (used in) provided by financing activities 39.3 49.2 Increase (decrease) in cash 1.5 2.6 Cash balance, beginning of period 4.5 5.0 Cash balance, end of period $ 6.0 $ 7.6 (1) Immaterial rounding adjustments and differences may exist between slides, press releases, and previously issued presentations. 2015 2014

14 Cash Cycle Days (1) Working capital as defined by A/R plus inventory less A/P & bank overdrafts • TTM Cash Cycle at 64 days • Period end working capital(1) was down $6 million versus end of first quarter 2014

15 TOPIC PAGE Profit and Loss Statement 16 Adjusted EBITDA 17 Revenue and Unit Volume 18 Gross Profit and Margin 19 Reconciliation of Debt Principal Payable to Non-GAAP Net Debt 20 Capital Structure 21 Structural Products Price Trends 22 Appendix

16 Profit and Loss Statement Profit and Loss Statement $ in millions except per share amounts - unaudited (1) Q1 2015 Q1 2014 Net sales $ 455.0 $ 443.9 Cost of sales 404.8 391.2 Gross profit 50.2 52.7 Gross margin % 11.0% 11.9% Operating expenses: Selling, general, and administrative 50.0 52.0 Depreciation and amortization 2.3 2.3 Total operating expenses 52.3 54.3 Operating income (loss) (2.1 ) (1.6 ) Non-operating expenses (income): Interest expense 6.5 6.5 Other expense (income), net 0.4 0.2 Income (loss) before provision for (benefit from) income taxes (9.0 ) (8.3 ) Provision for (benefit from)income taxes (0.1 ) 0.3 Net income (loss) $ (8.9 ) $ (8.6 ) Diluted EPS $ (0.10 ) $ (0.10 ) (1) Immaterial rounding adjustments and differences may exist between slides, press releases, and previously issued presentations.

17 Adjusted EBITDA (1) Immaterial rounding adjustments and differences may exist between slides, press releases, and previously issued presentations. Adjusted EBITDA in millions - unaudited (1) Q1 2015 Q1 2014 Net income (loss) $ (8.9 ) $ (8.6 ) Adjustments: Depreciation and amortization 2.3 2.3 Interest expense 6.5 6.5 Provision for (benefit from) income taxes (0.1 ) 0.3 Gain from the sale of properties — (0.2 ) Share-based compensation expense, excluding restructuring 0.6 0.7 Restructuring, severance, debt fees, and other — — Adjusted EBITDA $ 0.4 $ 1.0

18 Revenue and Unit Volume Sales $ in millions - unaudited (1) Q1 2015 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Specialty $ 273.6 $ 264.0 $ 316.6 $ 324.4 $ 263.9 Structural 187.7 185.1 219.3 232.1 195.0 Other (2) (6.4 ) (5.2 ) (4.4 ) (6.7 ) (4.8 ) Total $ 454.9 $ 443.9 $ 531.5 $ 549.8 $ 454.1 Sales Mix % - unaudited (1) Specialty 59.3 % 58.8 % 59.1 % 58.3 % 57.5 % Structural 40.7 % 41.2 % 40.9 % 41.7 % 42.5 % Unit Volume Change - unaudited (1) Specialty 2.6 % 1.0 % (1.2 )% 4.7 % (4.3 )% Structural 3.2 % (9.5 )% (11.2 )% (7.5 )% (11.6 )% Total 2.9 % (3.8 )% (5.7 )% (0.6 )% (7.5 )% (1) Immaterial rounding adjustments and differences may exist between slides, press releases, and previously issued presentations. (2) Includes cash discounts, service revenue, Canadian conversion, and accruals.

19 Gross Profit and Margin Gross Profit $ in millions - unaudited (1) Q1 2015 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Specialty $ 35.5 $ 34.3 $ 43.7 $ 43.0 $ 35.1 Structural 13.8 15.4 18.0 20.8 14.9 Other 0.9 3.0 0.3 0.8 (0.2 ) Total $ 50.2 $ 52.7 $ 62.0 $ 64.6 $ 49.8 Gross Margin % - unaudited (1) Specialty 13.0 % 13.0 % 13.8 % 13.3 % 13.3 % Structural 7.3 % 8.3 % 8.2 % 9.0 % 7.6 % Other n/a n/a n/a n/a n/a Total 11.0 % 11.9 % 11.7 % 11.7 % 11.0 % (1) Immaterial rounding adjustments and differences may exist between slides, press releases, and previously issued presentations.

20 Reconciliation of Debt Principal Payable to Non-GAAP Net Debt Debt $ in millions - unaudited (1) April 4, January 4, 2015 2015 Revolving credit facilities $ 275.7 $ 229.5 Mortgage 169.8 177.7 Total debt principal payable (GAAP) 445.5 407.2 Less: Cash (6.0 ) (4.5 ) Mortgage LCR trap (1.0 ) (6.1 ) Net debt (Non-GAAP) $ 438.5 $ 396.6 Excess Availability $ 78.4 $ 59.5 (1) Immaterial rounding adjustments and differences may exist between slides, press releases, and previously issued presentations.

21 Capital Structure • Asset Based Revolving Credit Facilities • Extended until April 2017 • $78.4 million excess availability as of April 4, 2015 • $447.5 million U.S. facility with additional $75.0 million uncommitted accordion facility • LIBOR + 3.5% • $20 million Tranche A loan – extended until June 2016 • LIBOR + 5.25% • $10 million Canadian facility with additional $5.0 million uncommitted accordion facility • LIBOR or Banker's Acceptance + 2.50% • Mortgage • Due July 2016 • Currently evaluating refinancing options • Book value of real estate $80.9 million as of April 4, 2015 • Appraisal value as of June 2006 of current properties approximately $322 million • Outstanding mortgage of $170 million as of April 4, 2015 ◦ $1m cash trap further reduces principal to $169 million ◦ Fixed 6.35% interest rate

22 Structural Products Price Trends

www.BlueLinxco.com