BlueLinx Holdings Inc. (NYSE:BXC) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET

Company Participants

Ryan Taylor – Vice President-Investor Relations

Dwight Gibson – President and Chief Executive Officer

Kelly Janzen – Chief Financial Officer

Conference Call Participants

Greg Palm – Craig-Hallum

Reuben Garner – The Benchmark Company

Kurt Yinger – D.A. Davidson

Jeff Stevenson – Loop Capital Markets

Operator

Greeting, and welcome to the BlueLinx Holdings’ First Quarter 2022 Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Ryan Taylor, Vice President of Investor Relations. Thank you. You may begin.

Ryan Taylor

Thank you, operator, and good morning, everyone. Welcome to the BlueLinx Holdings’ first quarter 2022 earnings call. Presenting today are Dwight Gibson, President and CEO of BlueLinx; and Kelly Janzen, our Chief Financial Officer.

Our first quarter news release and Form 10-Q were issued yesterday after the close of the market along with our webcast presentation. These items are available in the Investors section of our website, bluelinxco.com. We encourage you to follow along with the detailed information on the slides during our webcast.

In addition to our Q1 earnings, we also announced yesterday that our Board of Directors increased our share repurchase authorization to $100 million, with $60 million to be repurchased via an accelerated share repurchase plan. Dwight and Kelly will provide more details on that news during our call this morning. As a reminder, today's discussion contains forward-looking statements, actual results may differ from those forward-looking statements due to various risks and uncertainties, including the risk described in our most recent SEC filings.

Today's presentation includes certain non-GAAP and adjusted financial measures that we believe provide helpful context for investors evaluating our business. Reconciliations to the closest GAAP financial measure can be found in the appendix of our presentation. At the conclusion of our prepared remarks, we will open the line for questions.

And with that, I'll turn the call over to Dwight.

Dwight Gibson

Thanks, Ryan, and good morning, everyone. Thank you for joining us on the call today. This is an exciting time in the history of BlueLinx. As we continue to exceed expectations during one of the most dynamic periods in the history of the U.S. housing industry. I'm extremely proud of the BlueLinx team. Our continued strong execution contributed to record first quarter profitability.