Bluelinx announces new $100 million share repurchase authorization

Atlanta, oct. 31, 2023 (globe newswire) -- bluelinx holdings inc. (nyse: bxc), a leading u.s. wholesale distributor of building products, announced today that its board of directors has approved a new share repurchase authorization under which the company may repurchase $100 million of its outstanding shares of common stock in accordance with all applicable securities laws and regulations, including rule 10b-18 of the securities exchange act of 1934, as amended. the new authorization will be funded through a combination of cash on hand and cash flow from operations. the company completed its prior $100 million share repurchase program in early fiscal october 2023.
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