BlueLinx Holdings Inc. (NYSE:BXC) Q1 2024 Earnings Call Transcript

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Reuben Garner: Great. Thanks and good luck on the quarter.

Shyam Reddy: Thanks, Reuben.

Operator: We have another question from Kurt Yinger of D.A. Davidson. Please go ahead.

Kurt Yinger: Great. Thanks for letting me squeeze one more. And since it hasn’t been touched on yet, I did want to talk about capital allocation. I don’t think a Greenfield would be a significant capital outlay, but are you guys seeing the M&A opportunities out there that lead you optimistic that a deal of some size might materialize over the next couple of quarters and you kind of balance that with the current balance sheet and potential to be more active with the share repurchase program going forward?

Andy Wamser: Yeah. So, as you know in the first four months of the year. I met with a number of potential targets. We’re continuing to strengthen those relationships and make sure we have a seat at the table or were the only ones at the table we had an opportunity to unlock, unlock that sale arises. We’re still at the end of the day we’re focused on making sure we — we buy companies at great valuations that makes sense for the Company. And that means deal work takes time. So there are opportunities and we’re continuing to work them and it just comes down to a better meeting of the minds. But I will tell you that, the case for meeting of the minds today or in 2024 is much higher than the opportunities are much higher from an odd standpoint than they were last year, and even the year before just given the experience of building products during the pandemic.

Kurt Yinger: Okay. Thanks very much.

Operator: That concludes our Q&A session. I will now turn the conference back over Tom Morabito for closing remarks.

Tom Morabito: Thanks, Pam. Thank you again for joining us today, and we look forward to speaking with you in August, as we share our second quarter 2024 results.

Operator: Ladies and gentlemen, that concludes today’s call. Thank you all for joining. You may now disconnect.

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