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 9, 2018

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

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. ☐

Item 2.02    Results of Operations and Financial Condition

On August 9, 2018, BlueLinx Holdings Inc. (“BlueLinx” or “the Company”) issued a press release announcing its financial results for the fiscal second quarter ended June 30, 2018. A copy of BlueLinx’s press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

On August 9, 2018, as previously announced, BlueLinx will hold a teleconference and audio webcast to discuss its financial results from the fiscal second quarter ended June 30, 2018. The webcast will be archived and can be accessed via BlueLinx’s 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 August 9, 2018, 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, but should not be considered a substitute for or superior to GAAP results. Non-GAAP financial measures used in the included press release are therein reconciled to the most directly comparable GAAP financial measures.

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 August 9, 2018, reporting financial results for the fiscal second quarter ended June 30, 2018
99.2	Webcast conference call slides used during webcast conference call on August 9, 2018

SIGNATURE

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)
Dated: August 9, 2018	By:	/s/ Susan C. O’Farrell
		Susan C. O’Farrell
		Senior Vice President, Chief Financial Officer, Treasurer, and Principal Accounting Officer

EX-99.1

Exhibit 99.1

4300 Wildwood Parkway

Atlanta, GA  30339

1-888-502-BLUE

www.BlueLinxCo.com

FOR IMMEDIATE RELEASE

BLUELINX ANNOUNCES SECOND QUARTER 2018 RESULTS

- Successfully Completed Acquisition of Cedar Creek -

- Net Sales of $893 million for the Quarter; Up $419 million From Q2 2017 -

- Gross Profit of $104 million for the Quarter; Up $43 million From Q2 2017 -

ATLANTA - August 9, 2018 - BlueLinx Holdings Inc. (NYSE:BXC), a leading distributor of building and industrial products in the United States, today reported financial results for the fiscal second quarter ended June 30, 2018.

“We are pleased with our second quarter results during the period in which we also completed the acquisition of Cedar Creek,” said Mitch Lewis, President and Chief Executive Officer. “While we are still early in our 18-month integration process, based on specific opportunities we have identified and actions taken to date, we are increasingly confident in our ability to generate at least $50 million in annual synergies. We remain well-positioned to continue our growth and drive enhanced value for our shareholders.”

Susan O’Farrell, Senior Vice President and Chief Financial Officer added, “The second quarter of 2018 was a pivotal quarter for BlueLinx as we remain focused on growth while integrating the two companies. The combined company generated pro forma net sales of $948.6 million for the quarter, an increase of $99.9 million over the prior year period. Pro forma net income for the quarter was $9.2 million, and Pro forma Adjusted EBITDA was $37.6 million, up 53.9% and 23.0%, respectively, from this period a year ago.”

BlueLinx completed the acquisition of Cedar Creek on April 13, 2018 (the “Closing Date”). Under generally accepted accounting principles (GAAP), Cedar Creek’s financial results are only included in the combined company’s reported financial results from the Closing Date forward and are not reflected in the combined company’s reported financial results for any periods prior to the Closing Date. In this release, to supplement and aid in an understanding of the combined company’s reported financial results, BlueLinx is also providing certain GAAP-based and non-GAAP pro forma financial information of the combined company that includes Cedar Creek’s financial results for the relevant periods prior to the Closing Date, as if the acquisition occurred on January 1, 2017. See “Use of Non-GAAP Measures and Supplementary Information” below and the accompanying financial schedules for more information, including descriptions of any such pro forma measures that may be non-GAAP measures and reconciliations of those non-GAAP measures to their most directly comparable GAAP measures.

Second Quarter 2018 Results Compared to Prior Year Period

The Company reported net sales of $893.0 million for the second quarter of 2018, up $419.0 million or 88.4% from the prior year period. Pro forma net sales were $948.6 million, up $99.9 million or 11.8%.

The Company recorded gross profit of $103.7 million during the second quarter, up $43.1 million or 71.2% from the prior year period, with a gross margin of 11.6%. Gross profit was negatively impacted by acquisition related inventory step-up charges of $10.9 million. Excluding the effect of these acquisition related inventory step-up charges, gross margin was 12.8%, equal to the prior year period. Pro forma gross profit was $121.0 million during the second quarter, up $8.3 million or 7.3%.

The Company incurred one-time charges during the second quarter for legal, professional and other integration costs of $11.6 million related to the Cedar Creek acquisition. In addition, as a result of the increase in the Company’s stock price, the Company also incurred charges in the second quarter associated with compensation expense from Stock Appreciation Rights (SARs) and other share-based compensation of $3.8 million, which the Company will pay out in 2018 and 2019. Taking these items into account, as well as the acquisition related inventory step-up charges of $10.9 million, the Company recorded a net

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loss of $8.6 million for the second quarter, compared to net income of $3.2 million in the prior year period. Pro forma net income for the second quarter was $9.2 million, up $3.2 million or 53.9%.

Adjusted EBITDA, which is a non-GAAP measure, was $37.0 million for the second quarter, up $24.2 million or 189.0% from this period a year ago. Pro forma Adjusted EBITDA, also a non-GAAP measure, was $37.6 million for the second quarter, up $7.0 million or 23.0%.

First Six Months of 2018 Compared to Prior Year Period

For the first six months of 2018, the Company generated net sales of $1.3 billion, up $427.8 million or 47.4% from the prior year period. Pro forma net sales for the first six months were $1.7 billion, up $114.4 million or 7.1%.

The Company recorded gross profit of $159.0 million during the first six months of 2018, up $44.0 million or 38.3% from the prior year period, with a gross margin of 11.9%. Excluding the effect of acquisition related inventory step-up charges of $10.9 million, gross margin was 12.8%, up 10 basis points from the prior year period. Pro forma gross profit for the first six months of 2018 was $220.7 million, up $17.3 million or 8.5%.

The Company incurred one-time charges during the first six months of 2018 for legal, professional and other integration costs of $15.2 million related to the Cedar Creek acquisition. Additionally, the Company incurred $13.0 million in share based compensation expense and $10.9 million of acquisition related inventory step-up charges. Taking these items into account, the Company recorded a net loss of $22.0 million for the first six months of 2018, compared to net income of $3.8 million in the prior year period. Pro forma net loss for the first six months of 2018 was $1.4 million, a $28.9 million or 95.2% improvement over the prior year period.

Adjusted EBITDA was $45.1 million for the first six months of 2018, up $24.9 million or 124.0% from the prior year period. Pro forma Adjusted EBITDA was $56.6 million, up $4.6 million or 8.9%.

Capital Structure and Liquidity

During the second quarter of 2018, the Company used net proceeds from debt issuance under its amended $750 million asset-based revolving credit facility (inclusive of a $150 million uncommitted accordion) and a new $180 million term loan to fund the purchase price for the Cedar Creek acquisition, repay debt, and to pay certain related transaction fees and expenses. Excess availability under the amended ABL and cash on hand as of June 30, 2018, was approximately $134 million.

Conference Call

BlueLinx will host a conference call today at 10:00 a.m. Eastern Time, accompanied by a supporting slide presentation. Participants can access the live conference call via telephone at (877) 873-5864, using Conference ID # 5957634. Investors can also listen to the live audio of the conference call and view the accompanying slide presentation by visiting the BlueLinx website, www.BlueLinxCo.com, and selecting the conference link on the Investor Relations page. After the conference call has concluded, an archived recording will be available on the BlueLinx website.

Use of Non-GAAP Measures and Supplementary Information

The Company reports its financial results in accordance with accounting principles generally accepted in the United States (“GAAP”). The Company also believes that presentation of certain non-GAAP measures and GAAP-based and non-GAAP supplemental financial measures may be useful to investors and may provide a more complete understanding of the factors and trends affecting the business than using reported GAAP results alone. Any non-GAAP measures used herein are reconciled herein or in the financial tables accompanying this news release to their most directly comparable GAAP measures. The Company cautions that non-GAAP measures and supplemental financial measures should be considered in addition to, but not as a substitute for, the Company’s reported GAAP results.

Adjusted EBITDA and Pro forma Adjusted EBITDA

We define Adjusted EBITDA as an amount equal to net income plus interest expense and all interest expense related items, income taxes, depreciation and amortization, and further adjusted to exclude certain non-cash items, and other adjustments to Consolidated Net Income, including compensation expense from SARs, and one-time charges associated with the legal, consulting, and professional fees related to the Cedar Creek acquisition, and interest charges on debt modification fees under the CMBS mortgage payoff in the first quarter of fiscal 2018.

We present Adjusted EBITDA because it is a primary measure used by management to evaluate operating performance and, we believe, helps to enhance investors’ overall understanding of the financial performance and cash flows of our business. We believe Adjusted EBITDA is helpful in highlighting operating trends. We also believe that Adjusted EBITDA is frequently used

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by securities analysts, investors and other interested parties in their evaluation of companies, many of which present an Adjusted EBITDA measure when reporting their results. 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. Adjusted EBITDA, as used herein, is not necessarily comparable to other similarly titled captions of other companies due to differences in methods of calculation.

Pro forma Adjusted EBITDA for any period is calculated in the same manner as Adjusted EBITDA, but also combines the historical results of BlueLinx for the three and six months ended June 30, 2018, and July 1, 2017, with the historical results of Cedar Creek for the three month period ended March 31, 2018, and thirteen day period ended April 13, 2018, and the three and six months ended July 1, 2017, respectively, giving effect to the Cedar Creek acquisition and related adjustments as if the acquisition occurred on January 1, 2017.

Supplemental Financial Measures

We completed the acquisition of Cedar Creek on April 13, 2018. As a result, Cedar Creek’s financial results are only included in the combined company’s reported financial results from the Closing Date forward. To supplement these reported results, we have provided GAAP-based and non-GAAP pro forma financial information of the combined company in this news release that includes Cedar Creek’s financial results for the relevant periods prior to the Closing Date. This pro forma information combines the historical results of BlueLinx for the three and six months ended June 30, 2018, and July 1, 2017, with the historical results of Cedar Creek for the three month period ended March 31, 2018, and thirteen day period ended April 13, 2018, and the three and six months ended July 1, 2017, respectively, giving effect to the Cedar Creek acquisition and related adjustments as if the acquisition occurred on January 1, 2017.

About BlueLinx Holdings Inc.

BlueLinx (NYSE: BXC) is a leading wholesale distributor of building and industrial products in the United States with over 50,000 branded and private-label SKUs, and a broad distribution footprint servicing 40 states. BlueLinx has a differentiated distribution platform, value-driven business model and extensive cache of products across the building products industry. Headquartered in Atlanta, Georgia, BlueLinx has over 2,500 associates and distributes its comprehensive range of structural and specialty products to approximately 15,000 national, regional, and local dealers, as well as specialty distributors, national home centers, industrial, and manufactured housing customers. BlueLinx encourages investors to visit its website, www.BlueLinxCo.com, which is updated regularly with financial and other important information about BlueLinx.

Contacts:

Investors:

Susan O’Farrell, SVP, CFO & Treasurer

BlueLinx Holdings Inc.

(770) 953-7000

Mary Moll, Investor Relations

BlueLinx Holdings Inc.

(866) 671-5138

investor@bluelinxco.com

Forward-looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, liquidity levels or achievements, and may contain the words “believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,” “plan,” “will be,” “will likely continue,” “will likely result” or words or phrases of similar meaning. The forward-looking statements in this release include statements about expectations regarding the integration of the Cedar Creek business, expected synergies from the acquisition of Cedar Creek, and our confidence in our growth and business prospects. 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’s 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, inventory management and commodities pricing; new housing starts and inventory levels of existing homes for sale; general economic and business conditions in the United States; the imposition or threat of protectionist trade policies or import or export tariffs; modified or new global or regional trade agreements; our ability to successfully integrate

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the Cedar Creek business and realize anticipated synergies from the acquisition; the significant indebtedness that we have incurred in connection with the Cedar Creek acquisition; acceptance by our customers of our privately branded products; financial condition and creditworthiness of our customers; supply from our key vendors; reliability of the technologies we utilize; the activities of competitors; changes in significant operating expenses; fuel costs; risk of losses associated with accidents; exposure to product liability claims; 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 December 30, 2017, its Quarterly Reports on Form 10-Q, 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 expectations or otherwise, except as required by law.

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BLUELINX HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

	Three Months Ended						Six Months Ended
	June 30, 2018			July 1, 2017			June 30, 2018			July 1, 2017
Net sales	$	892,952		$	474,001		$	1,330,439		$	902,609
Cost of sales	789,301			413,455			1,171,463			787,629
Gross profit	103,651			60,546			158,976			114,980
Operating expenses (income):
Selling, general, and administrative	91,723			49,151			150,963			102,202
Gains from sales of property	—			—			—			(6,700		)
Depreciation and amortization	7,444			2,253			10,109			4,616
Total operating expenses	99,167			51,404			161,072			100,118
Operating income (loss)	4,484			9,142			(2,096		)	14,862
Non-operating expenses (income):
Interest expense	12,194			5,367			20,674			10,609
Other income, net	(94		)	(139		)	(188		)	(278		)
Income (loss) before provision for (benefit from) income taxes	(7,616		)	3,914			(22,582		)	4,531
Provision for (benefit from) income taxes	942			676			(597		)	709
Net income (loss)	$	(8,558	)	$	3,238		$	(21,985	)	$	3,822
Basic earnings (loss) per share	$	(0.93	)	$	0.36		$	(2.40	)	$	0.42
Diluted earnings (loss) per share	$	(0.93	)	$	0.35		$	(2.40	)	$	0.42

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BLUELINX HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

(Unaudited)

	June 30, 2018			December 30, 2017
ASSETS
Current assets:
Cash	$	5,210		$	4,696
Receivables, less allowances of $4,554 and $2,761, respectively	329,980			134,072
Inventories, net	409,713			187,512
Other current assets	43,734			17,124
Total current assets	788,637			343,404
Property and equipment:
Land and land improvements	23,534			30,802
Buildings	179,894			84,781
Machinery and equipment	113,278			70,596
Construction in progress	742			570
Property and equipment, at cost	317,448			186,749
Accumulated depreciation	(98,820		)	(102,977		)
Property and equipment, net	218,628			83,772
Goodwill and other intangibles, net	76,271			—
Deferred tax asset	43,763			53,853
Other non-current assets	17,818			13,066
Total assets	$	1,145,117		$	494,095
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	156,068		$	70,623
Bank overdrafts	32,512			21,593
Accrued compensation	11,502			9,229
Current maturities of long-term debt, net of discount of $64 and $0, respectively	1,736			—
Capital leases - short-term	8,239			3,552
Real estate deferred gains - short-term	5,330			1,836
Other current liabilities	21,905			10,772
Total current liabilities	237,292			117,605
Non-current liabilities:
Long-term debt, net of discount of $12,311 and $3,792, respectively	615,055			276,677
Capital leases - long-term	147,073			14,007
Real estate deferred gains - long-term	88,355			10,485
Pension benefit obligation	27,621			30,360
Other non-current liabilities	17,365			9,959
Total liabilities	1,132,761			459,093
Commitments and Contingencies
STOCKHOLDERS’ EQUITY
Common Stock, $0.01 par value, Authorized - 20,000,000 shares, Issued and Outstanding - 9,219,470 and 9,100,923, respectively	92			91
Additional paid-in capital	258,525			259,588
Accumulated other comprehensive loss	(36,106		)	(36,507		)
Accumulated stockholders’ deficit	(210,155		)	(188,170		)
Total stockholders’ equity	12,356			35,002
Total liabilities and stockholders’ equity	$	1,145,117		$	494,095

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BLUELINX HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	Six Months Ended
	June 30, 2018			July 1, 2017
Net cash used in operating activities	(98,470		)	(53,892		)
Cash flows from investing activities:
Proceeds from sale of assets	107,960			27,598
Acquisition of business, net of cash acquired	(353,094		)	—
Property and equipment investments	(577		)	(189		)
Net cash provided by (used in) investing activities	(245,711		)	27,409
Cash flows from financing activities:
Borrowings from revolving credit facilities	534,380			227,654
Repayments on revolving credit facilities	(267,449		)	(172,932		)
Borrowings from term loan	180,000			—
Repayments on term loan	(450		)	—
Principal payments on mortgage	(97,847		)	(28,976		)
Bank overdrafts	10,919			599
Debt financing costs	(9,775		)	—
Payments on capital lease obligations	(3,262		)	(1,889		)
Repurchase of shares to satisfy employee tax withholdings	(1,821		)	(226		)
Cash released from escrow related to the mortgage	—			1,490
Net cash provided by financing activities	344,695			25,720
Net change in cash	514			(763		)
Cash at beginning of period	4,696			5,540
Cash at end of period	$	5,210		$	4,777

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BLUELINX HOLDINGS INC.

SUPPLEMENTARY INFORMATION

(In thousands)

(Unaudited)

Pro Forma Sales, Gross Profit and Net Income (Loss)

The following unaudited consolidated pro forma information presents consolidated information as if the Cedar Creek acquisition had occurred on January 1, 2017:

	Proforma (1)
	Quarter Ended				Six Months Ended
(In thousands)	June 30, 2018		July 1, 2017		June 30, 2018			July 1, 2017
Net sales	$	948,555	$	848,644	$	1,732,822		$	1,618,383
Gross Profit	120,990		112,719		220,698			203,411
Net income (loss)	9,180		5,963		(1,439		)	(30,290		)

________________________

⁽¹⁾ The pro forma amounts above have been calculated in accordance with GAAP after applying the Company's accounting policies and adjusting: (i) the three and six months ending June 30, 2018, to reflect a $10.9 million charge related to an inventory step-up adjustment, and the three and six months ended July 1, 2017, for $0 and $11.6 million, respectively; (ii) the three and six months ending June 30, 2018, for $30.4 million and $34.0 million, respectively, for transaction related costs, and the three and six months ended July 1, 2017, for $0 and $34.0 million, respectively. Due to the net loss for the six-month periods ended June 30, 2018 and 2017, $0.1 million of incremental shares from share-based compensation arrangements were excluded from the computation of diluted weighted average shares outstanding, in both periods, because their effect would be anti-dilutive. The pro forma amounts do not include any potential synergies, cost savings or other expected benefits of the acquisition, are presented for illustrative purposes only, and are not necessarily indicative of results that would have been achieved had the acquisition occurred as of January 1, 2017, or of future operating performance.

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BLUELINX HOLDINGS INC.

RECONCILIATION OF NON-GAAP MEASUREMENTS

(In thousands)

(Unaudited)

The following schedule reconciles net income to Adjusted EBITDA:

	Quarter Ended						Six Months Ended
	June 30, 2018			July 1, 2017			June 30, 2018			July 1, 2017
Net income (loss)	$	(8,558	)	$	3,238		$	(21,985	)	$	3,822
Adjustments:
Depreciation and amortization	7,444			2,253			10,109			4,616
Interest expense	12,194			5,367			20,674			10,609
Provision for (benefit from) income taxes	942			676			(597		)	709
Gain from sales of property	—			—			—			(6,700		)
Amortization of deferred gain	(1,300		)	—			(2,470		)	—
Share-based compensation expense	3,763			695			12,963			1,459
Multi-employer pension withdrawal	—			1,000			—			5,500
Inventory step-up adjustment	10,918			—			10,918			—
Merger and acquisition costs (1)	11,642			—			15,234			—
Restructuring, severance, and legal	(47		)	(427		)	225			108
Adjusted EBITDA	$	36,998		$	12,802		$	45,071		$	20,123

____________________

⁽¹⁾ Reflects primarily legal, professional and other integration costs related to the Cedar Creek acquisition

The following table reconciles our pro forma net income to pro forma Adjusted EBITDA:

	Quarter Ended						Six Months Ended
	June 30, 2018			July 1, 2017			June 30, 2018			July 1, 2017
Pro forma net income (loss)	$	9,180		$	5,963		$	(1,439	)	$	(30,290	)
Adjustments:
Depreciation and amortization	8,670			7,847			17,644			17,640
Interest expense	12,604			10,850			26,611			21,487
Provision for (benefit from) income taxes	4,773			4,886			3,104			(2,871		)
Gain from sales of property	—			—			—			(6,700		)
Amortization of deferred gain	(1,300		)	(453		)	(2,470		)	(453		)
Share-based compensation expense	3,763			695			12,963			1,459
Multi-employer pension withdrawal	—			1,000			—			5,500
Inventory step-up adjustment	—			—			—			11,600
Merger and acquisition costs (1)	—			—			—			34,044
Restructuring, severance, and legal	(47		)	(183		)	226			605
Pro forma adjusted EBITDA	$	37,643		$	30,605		$	56,639		$	52,021

____________________

⁽¹⁾ Reflects primarily legal, professional and other integration costs related to the Cedar Creek acquisition

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EX-99.2

BlueLinx Second Quarter 2018 Earnings Webcast

Notes To Investors Forward-Looking Statements. This presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, liquidity levels or achievements, and may contain the words “believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,” “plan,” “will be,” “will likely continue,” “will likely result” or words or phrases of similar meaning. The forward-looking statements in this presentation include statements regarding our potential for future growth; our positioning and ability to capitalize on housing trends; our capital structure and its ability to support growth and future deleveraging; the potential benefits of the acquisition of Cedar Creek; the success and timing of plans for the integration of Cedar Creek; the amount, composition and timing of potential synergies, cost savings, and costs to achieve that may or are expected to result from the combination with Cedar Creek; our outlook for the housing market and single family housing starts; our strategic initiatives; our plans and expectations for our existing real estate portfolio; and our plans and expectations for the treatment of net operating losses in the future. 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 the factors described in the “Risk Factors” section in our Annual Report on Form 10-K for the year ended December 30, 2017, our Quarterly Reports on Form 10-Q, and in our 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. Unless otherwise indicated, all forward-looking statements are as of the date they are made, and we undertake no obligation to update these forward- looking statements, whether as a result of new information, the occurrence of future events, or otherwise. Non-GAAP Financial Measures and Supplementary Financial Information. BlueLinx reports its financial results in accordance with accounting principles generally accepted in the United States (“GAAP”). We also believe that presentation of certain non-GAAP measures, such as Adjusted EBITDA, as well as GAAP-based and non-GAAP supplemental financial measures, may be useful to investors and may provide a more complete understanding of the factors and trends affecting the business than using reported GAAP results alone. Explanations of these non-GAAP measures and these GAAP-based and non-GAAP supplemental financial measures are included in the accompanying Appendix to this presentation. And any non-GAAP measures used herein are reconciled herein or in the financial tables in the Appendix to their most directly comparable GAAP measures. We caution that non- GAAP measures and supplemental financial measures should be considered in addition to, but not as a substitute for, our reported GAAP results. Immaterial Rounding Differences. Immaterial rounding adjustments and differences may exist between slides, press releases, and previously issued presentations. This presentation and the associated remarks made during this conference call are integrally related and are intended to be presented and understood together. 2

Second Quarter 2018 - Key Highlights Second Quarter 2018 • Successfully completed the Cedar Creek acquisition in April, creating a leading building products wholesale distributor with combined Q2 2018 trailing twelve months net sales of $3.4 billion • Began integration of the two companies making quick organizational and structural decisions while strengthening relationships with key customers and suppliers • Q2 Pro Forma Net Sales were $949 million, up $100 million from Q2 2017 • Pro Forma Adjusted EBITDA of $38 million increased by $7 million from the second quarter 2017 3

BlueLinx Provides A Compelling Opportunity Industry leader with opportunity to continue transformative profitable growth STRONG FOUNDATION FOR SUCCESS • A leading building products distributor with a strong geographic presence east of the Rockies and over 700 sales associates • Comprehensive product and services portfolio provides opportunity for accelerated growth • Diversified and established customer base offers efficient growth potential • Well-positioned to capitalize on trend toward long-term recovery in the U.S. housing market • Synergies from Cedar Creek acquisition estimated to be at least $50 million annually • Capital structure provides financial flexibility to support growth and long term deleveraging plan 4

Integration Highlights ACCOMPLISHMENTS • Created dedicated integration team coordinating with third party consultants to drive synergy opportunities • Quickly established organizational structure consistent with local market strategy while taking advantage of economies of scale • Decided on future ERP platform and began project plan to fully transition to one system by end of 2019 • Reduced two facilities through consolidations with three additional consolidations in process for completion in the next 60 days • Converting all employees from multiple HR systems into single system by first week of September • Moving quickly on numerous additional G&A cost saving opportunities • Rebranding with new logo and BlueLinx name 5

Acquisition Of Cedar Creek Expected To Yield Significant Cost Savings Opportunity Description ESTIMATED $50M COST SAVINGS BY OPPORTUNITY • Supplier rationalization Procurement • Cost disparity Supply Chain & Network Supply Chain • Overlap markets ~35% Efficiencies • Route optimization General & • Efficiency improvements Administrative Procurement General & ~45% Administrative ~20% EXPECTED RUN-RATE SYNERGIES $ in millions $50 $48 • Costs to achieve synergies estimated $25 - $40 million, down from $40 - $55 million originally • $25 million of potential gross $15 proceeds on sale of owned BlueLinx real estate in overlap markets 2018E 2019E 2020E 6

Market Update MARKET OUTLOOK . Housing starts forecasted to be ~1.3 million in 2018 . U.S. unemployment rate as of Q2’18 is the lowest since 2000 at 4.0% . U.S. Single Family Housing Starts in June were down to seasonally adjusted 858k annual rate with positive full year trend providing growth opportunities . Mortgage interest rates remain at ~4.5% in June 2018 . Wood-based commodity prices have seen a steady drop over the past quarter . Tariffs have had impact on certain imports from outside North America ANNUAL SINGLE FAMILY HOUSING STARTS 2.0 1.5 1967-2017 median SFH starts: 1.03M 1.0 SFHS SFHS (inMs) 0.5 0.0 2018E 2020E 1969A 1971A 1973A 1975A 1977A 1979A 1981A 1983A 1985A 1987A 1989A 1991A 1993A 1995A 1996A 1998A 2000A 2002A 2004A 2006A 2008A 2010A 2012A 2014A 2016A 7

Strategic Initiatives 1 2 3 Successful Integration Emphasize Sales Enhance Margins of Two Companies Growth  Over $3 billion of  Emphasize local  Emphasis on products addressable spend for customer interaction and markets with high cost savings to grow market share margin profiles opportunities  Develop and deploy  Differentiate offering  Identifiable and best practices in based on customer achievable cost selling processes characteristics savings of at least  Utilize broad product  Maintain price $50M through supply offering across vast discipline with chain, G&A and distribution network systematic pricing procurement processes  Dedicated leadership team assigned to integration 8

Financial Overview

Financial Summary – Second Quarter 2018 • Net Sales of $893M, up $419M or 88% • Pro Forma Net Sales of $949M, up $100M or 12% • Gross Profit of $104M¹, up $43M • Pro Forma Gross Profit of $121M, up $8M • Gross Margin of 11.6%¹ • Pro Forma Gross Margin of 12.8% • Net Loss of $9M includes the following one-time items: • Acquisition related legal, consulting and professional fees of $12M • Acquisition related inventory step-up charges of $11M • Stock based compensation of $4M • Adjusted EBITDA of $37M, up $24M • Pro Forma Adjusted EBITDA of $38M, up $7M • Excess Availability including cash on hand of $134M 1 Includes acquisition-related inventory step-up charge of $11M 10

Financial Summary – First Half 2018 • Net Sales of $1,330M, up $428M or 47% • Pro Forma Net Sales of $1,733M, up $114M or 7% • Gross Profit of $159M¹, up $44M • Pro Forma Gross Profit of $221M, up $17M • Gross Margin of 11.9%¹ • Pro Forma Gross Margin of 12.7% • Net Loss of $22M includes the following one-time items: • Acquisition related legal, consulting and professional fees of $15M • Stock based compensation of $13M • Acquisition related inventory step-up charges of $11M • Adjusted EBITDA of $45M, up $25M • Pro Forma Adjusted EBITDA of $57M, up $5M 1 Includes acquisition-related inventory step-up charge of $11M 11

Pro Forma Net Sales and Gross Margin $ in millions Pro Forma Net Sales Pro Forma Gross Margin Specialty 15.7% 15.4% 14.1% 13.7% $949 Structural $849 9.3% 9.5% 8.9% 7.9% Q2'17 Q2'18 Q2 '15 Q2 '16 Q2 '17 Q2 '18 • Pro Forma Gross Margin of 12.8% • Pro forma Net Sales increased by $100M or 12% from the same quarter last year • Structural Gross margin increased 60 basis points as we continued to capitalize on strong • Sales growth led by structural products commodity prices benefiting from strong commodity markets • Specialty Gross margin decreased 30 basis points driven by lower volumes in cedar products 12

Real Estate and NOLs¹ Overview $ in millions Real Estate NOLs $280 - $290 $158 $66 $92 $150 - $160 4X Book Value Pre SLB Strategy Current Est. Real Remaining NOLs NOLs used Q2 Remaining NOLs Real Estate Value Estate Value FY 20172 YTD 2018 Q2 20182 • Utilized sale leaseback (“SLB”) proceeds to pay off • While our focus is achieving at least $50M+ in CMBS mortgage, better positioning the company annual run-rate synergies, we will continue to for the acquisition of Cedar Creek assess our real estate portfolio as a source of capital • NOLs can be used against ordinary income, as well as gains on real estate sales or sale leasebacks 1 Net Operating Losses listed above consist of only Federal NOLs 13 2 NOLs used are estimated until the applicable tax return is filed. Actual usage may be different from these current estimates.

Appendix

Non-GAAP And Supplementary Financial Measures BlueLinx reports its financial results in accordance with GAAP, but we also believe that presentation of certain non-GAAP measures, as well as GAAP-based and non-GAAP supplemental financial measures, may be useful to investors and may provide a more complete understanding of the factors and trends affecting the business than using reported GAAP results alone. We caution that non-GAAP measures and supplemental financial measures should be considered in addition to, but not as a substitute for, our reported GAAP results. Adjusted EBITDA and Pro Forma Adjusted EBITDA. We define Adjusted EBITDA as an amount equal to net income plus interest expense and all interest expense related items, income taxes, depreciation and amortization, and further adjusted to exclude certain non-cash items, and other adjustments to Consolidated Net Income, including compensation expense from SARs, and one-time charges associated with the legal, consulting, and professional fees related to the Cedar Creek acquisition, and interest charges on debt modification fees under the CMBS mortgage payoff in the first quarter of fiscal 2018. We present Adjusted EBITDA because it is a primary measure used by management to evaluate operating performance and, we believe, helps to enhance investors’ overall understanding of the financial performance and cash flows of our business. We believe Adjusted EBITDA is helpful in highlighting operating trends. We also believe that Adjusted EBITDA is frequently used by securities analysts, investors and other interested parties in their evaluation of companies, many of which present an Adjusted EBITDA measure when reporting their results. 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. Adjusted EBITDA, as used herein, is not necessarily comparable to other similarly titled captions of other companies due to differences in methods of calculation. Pro forma Adjusted EBITDA for any period is calculated in the same manner as Adjusted EBITDA, but also combines the historical results of BlueLinx for the three and six months ended June 30, 2018, and July 1, 2017, with the historical results of Cedar Creek for the three month period ended March 31, 2018, and thirteen day period ended April 13, 2018, and the three and six months ended July 1, 2017, respectively, giving effect to the Cedar Creek acquisition and related adjustments as if the acquisition occurred on January 1, 2017. Supplemental Financial Measures. We completed the acquisition of Cedar Creek on April 13, 2018. As a result, Cedar Creek’s financial results are only included in the combined company’s reported financial results from the Closing Date forward. To supplement these reported results, we have provided GAAP-based and non-GAAP pro forma financial information of the combined company in this presentation that includes Cedar Creek’s financial results for the relevant periods prior to the Closing Date. This pro forma information combines the historical results of BlueLinx for the three and six months ended June 30, 2018, and July 1, 2017, with the historical results of Cedar Creek for the three month period ended March 31, 2018, and thirteen day period ended April 13, 2018, and the three and six months ended July 1, 2017, respectively, giving effect to the Cedar Creek acquisition and related adjustments as if the acquisition occurred on January 1, 2017. 15

Adjusted EBITDA (In thousands) (Unaudited) 2018 2017 2018 2017 Q2 Q2 Q2 YTD Q2 YTD Net (loss) income $ (8,558) $ 3,238 $ (21,985) $ 3,822 Adjustments: Depreciation and amortization 7,444 2,253 10,109 4,616 Interest expense 12,194 5,367 20,674 10,609 Provision for (Benefit from) income taxes 942 676 (597) 709 Gain from sales of property — — — (6,700) Amortization of deferred gain (1,300) — (2,470) — Share-based compensation expense 3,763 695 12,963 1,459 Multi-employer pension withdrawal — 1,000 — 5,500 Inventory step-up adjustment 10,918 — 10,918 — Merger and acquisition costs(1) 11,642 — 15,234 — Restructuring, severance, and legal (47) (427) 225 108 Adjusted EBITDA $ 36,998 $ 12,802 $ 45,071 $ 20,123 (1) Reflects primarily legal, professional and other integration costs related to the Cedar Creek acquisition 16

Pro Forma Adjusted EBITDA (In thousands) (Unaudited) 2018 2017 2018 2017 Q2 Q2 Q2 YTD Q2 YTD Net (loss) income $ 9,180 $ 5,963 $ (1,439) $ (30,290) Adjustments: Depreciation and amortization 8,670 7,847 17,644 17,640 Interest expense 12,604 10,850 26,611 21,487 Provision for (Benefit from) income taxes 4,773 4,886 3,104 (2,871) Gain from sales of property — — — (6,700) Amortization of deferred gain (1,300) (453) (2,470) (453) Share-based compensation expense 3,763 695 12,963 1,459 Multi-employer pension withdrawal — 1,000 — 5,500 Inventory step-up adjustment — — — 11,600 Merger and acquisition costs(1) — — — 34,044 Restructuring, severance, and legal (47) (183) 226 605 Adjusted EBITDA $ 37,643 $ 30,605 $ 56,639 $ 52,021 (1) Reflects primarily legal, professional and other integration costs related to the Cedar Creek acquisition 17

Please reference our Earnings Release and 10-Q available on our website www.BlueLinxCo.com