##### Table of Contents



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
  þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended March 31, 2007
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission file number: 1-32383
 BlueLinx Holdings Inc.
  Delaware
    
    77-0627356(State of Incorporation)
    
    (I.R.S. Employer Identification No.)4300 Wildwood Parkway, Atlanta, Georgia
    
    30339(Address of principal executive offices)
    
    (Zip Code)
 (770) 953-7000
  þ o
  o þ o
 o þ




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##### Table of Contents



BLUELINX HOLDINGS INC.
 Form 10-Q
 For the Quarterly Period Ended March 31, 2007
 INDEX
  
 PAGEPART I. FINANCIAL INFORMATIONItem 1. Financial Statements  BlueLinx Holdings Inc.(Unaudited)
    
    
    3Condensed Consolidated Statements of Operations
    
    
    3Condensed Consolidated Balance Sheets
    
    
    4Condensed Consolidated Statements of Cash Flows
    
    
    5Notes to Condensed Consolidated Financial Statements
    
    
    6Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    18Item 3. Quantitative and Qualitative Disclosures About Market Risk
    
    
    28Item 4. Controls and Procedures
    
    
    28PART II. OTHER INFORMATIONItem 1. Legal Proceedings
    
    
    28Item 1A. Risk Factors
    
    
    28Item 6. Exhibits
    
    
    28Signatures
    
    
    30Exhibit IndexEX-31.1 SECTION 302 CERTIFICATION OF THE CEOEX-31.2 SECTION 302 CERTIFICATION OF THE CFOEX-32.1 SECTION 906 CERTIFICATION OF THE CEOEX-32.2 SECTION 906 CERTIFICATION OF THE CFO
 2




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PART I. FINANCIAL INFORMATION
 
 ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)
 BLUELINX HOLDINGS INC.
 
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(unaudited)
 Period from
    
    
    Period fromDecember 31, 2006
    
    
    January 1, 2006to
    
    
    toMarch 31, 2007
    
    
    April 1, 2006Net sales
    
    $
    957,114
    
    
    $
    1,376,606Cost of sales
    
    
    853,359
    
    
    
    1,246,654Gross profit
    
    
    103,755
    
    
    
    129,952Operating expenses:Selling, general, and administrative
    
    
    88,468
    
    
    
    97,267Depreciation and amortization
    
    
    5,400
    
    
    
    5,043Total operating expenses
    
    
    93,868
    
    
    
    102,310Operating income
    
    
    9,887
    
    
    
    27,642Non-operating expenses:Interest expense
    
    
    10,606
    
    
    
    11,197Other income, net
    
    
    (383
    )
    
    
    81Income (loss) before provision for (benefit from) income taxes
    
    
    (336
    )
    
    
    16,364Provision for (benefit from) income taxes
    
    
    (147
    )
    
    
    6,569Net income (loss)
    
    $
    (189
    )
    
    $
    9,795Basic weighted average number of common shares outstanding
    
    
    30,800
    
    
    
    30,417Basic net income (loss) per share applicable to common stock
    
    $
    (0.01
    )
    
    $
    0.32Diluted weighted average number of common shares outstanding
    
    
    30,800
    
    
    
    30,713Diluted net income (loss) per share applicable to common stock
    
    $
    (0.01
    )
    
    $
    0.32Dividends declared per share of common stock
    
    $
    0.125
    
    
    $
    0.125
  3




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BLUELINX HOLDINGS INC.
 
 CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
 March 31, 2007
    
    
    December 30, 2006(unaudited)Assets:Current assets:Cash
    
    $
    20,262
    
    
    $
    27,042Receivables, net
    
    
    377,695
    
    
    
    307,543Inventories, net
    
    
    465,550
    
    
    
    410,686Deferred income taxes
    
    
    8,785
    
    
    
    9,024Other current assets
    
    
    43,908
    
    
    
    44,948Total current assets
    
    
    916,200
    
    
    
    799,243Property, plant, and equipment:Land and land improvements
    
    
    57,483
    
    
    
    56,985Buildings
    
    
    95,814
    
    
    
    95,814Machinery and equipment
    
    
    64,404
    
    
    
    61,955Construction in progress
    
    
    3,949
    
    
    
    2,025Property, plant, and equipment, at cost
    
    
    221,650
    
    
    
    216,779Accumulated depreciation
    
    
    (42,304
    )
    
    
    (38,530
    )Property, plant, and equipment, net
    
    
    179,346
    
    
    
    178,249Other non-current assets
    
    
    26,334
    
    
    
    26,870Total assets
    
    $
    1,121,880
    
    
    $
    1,004,362Liabilities:Current liabilities:Accounts payable
    
    $
    233,941
    
    
    $
    195,815Bank overdrafts
    
    
    50,603
    
    
    
    50,241Accrued compensation
    
    
    9,498
    
    
    
    8,574Current maturities of long-term debt
    
    
    88,281
    
    
    
    9,743Other current liabilities
    
    
    16,135
    
    
    
    14,633Total current liabilities
    
    
    398,458
    
    
    
    279,006Non-current liabilities:Long-term debt
    
    
    522,719
    
    
    
    522,719Deferred income taxes
    
    
    1,513
    
    
    
    1,101Other long-term liabilities
    
    
    13,048
    
    
    
    12,137Total liabilities
    
    
    935,738
    
    
    
    814,963Shareholders Equity:Common Stock, $0.01 par value, 100,000,000
shares authorized; 31,213,712 and
30,909,630 shares issued and outstanding at
March 31, 2007 and December 30, 2006,
respectively
    
    
    312
    
    
    
    309Additional paid-in-capital
    
    
    139,224
    
    
    
    138,066Accumulated other comprehensive income (loss)
    
    
    59
    
    
    
    412Retained earnings
    
    
    46,547
    
    
    
    50,612Total shareholders equity
    
    
    186,142
    
    
    
    189,399Total liabilities and shareholders equity
    
    $
    1,121,880
    
    
    $
    1,004,362
  4




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BLUELINX HOLDINGS INC.
 
 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(unaudited)
 Period
    
    
    Period fromfrom December 31,
    
    
    January 1, 20062006 to
    
    
    toMarch 31, 2007
    
    
    April 1, 2006Cash flows from operating activities:Net income (loss)
    
    $
    (189
    )
    
    $
    9,795Adjustments to reconcile net income (loss) to cash provided by (used in) operations:Depreciation and amortization
    
    
    5,400
    
    
    
    5,043Amortization of debt issue costs
    
    
    606
    
    
    
    765Deferred income tax provision (benefit)
    
    
    198
    
    
    
    (753
    )Share-based compensation expense
    
    
    874
    
    
    
    562Excess tax benefits from share-based compensation arrangements
    
    
    (60
    )
    
    
    (862
    )Changes in assets and liabilities:Receivables
    
    
    (70,152
    )
    
    
    (81,373
    )Inventories
    
    
    (54,864
    )
    
    
    (28,084
    )Accounts payable
    
    
    38,126
    
    
    
    25,898Changes in other working capital
    
    
    3,526
    
    
    
    904Other
    
    
    (472
    )
    
    
    1,704Net cash used in operating activities
    
    
    (77,007
    )
    
    
    (66,401
    )Cash flows from investing activities:Property, plant and equipment investments
    
    
    (6,092
    )
    
    
    (658
    )Proceeds from sale of assets
    
    
    879
    
    
    
    135Net cash used in investing activities
    
    
    (5,213
    )
    
    
    (523
    )Cash flows from financing activities:Proceeds from stock options exercised
    
    
    323
    
    
    
    1,479Excess tax benefits from share-based compensation arrangements
    
    
    60
    
    
    
    862Net increase in revolving credit facility
    
    
    78,538
    
    
    
    84,919Debt financing costs
    
    
    
    
    
    
    (569
    )Increase (decrease) in bank overdrafts
    
    
    362
    
    
    
    (12,822
    )Common stock dividends paid
    
    
    (3,876
    )
    
    
    (3,831
    )Other
    
    
    33
    
    
    
    Net cash provided by financing activities
    
    
    75,440
    
    
    
    70,038Increase (decrease) in cash
    
    
    (6,780
    )
    
    
    3,114Balance, beginning of period
    
    
    27,042
    
    
    
    24,320Balance, end of period
    
    $
    20,262
    
    
    $
    27,434
  5




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BLUELINX HOLDINGS INC.
 
 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)  MARCH 31, 2007
 1. Basis of Presentation and Background
 Basis of Presentation
     2. Summary of Significant Accounting Policies
 Earnings per Common Share
   Common Stock Dividends
   6




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Stock-Based Compensation
       Share-Based Payment Accounting for Stock-Based Compensation
   7




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Period from December 31, 2006 to March 31, 2007Time-Based
    
    Performance-Based
    
    Performance-BasedOptions*
    
    Options**
    
    Options***Risk free interest rate
    
    
    4.78
    %
    
    
    4.81
    %
    
    
    5.09
    %Expected dividend yield
    
    
    4.46
    %
    
    
    4.52
    %
    
    
    4.52
    %Expected life
    
    7 years
    
    5 years
    
    1 yearExpected volatility
    
    
    45
    %
    
    
    45
    %
    
    
    45
    %Weighted average fair value
    
    $
    3.77
    
    
    $
    2.83
    
    
    $
    6.97
 
 *
    
    Exercise price equaled the market price at date of grant.**
    
    Exercise price exceeded the market price at date of grant.***
    
    Exercise price was less than the market price at date of grant.  Period from January 1, 2006 to April 1, 2006Time-Based
    
    Performance-Based
    
    Performance-BasedOptions*
    
    Options**
    
    Options***Risk free interest rate
    
    
    4.34
    %
    
    
    4.35
    %
    
    
    4.60
    %Expected dividend yield
    
    
    4.44
    %
    
    
    4.38
    %
    
    
    3.19
    %Expected life
    
    7 years
    
    7 years
    
    1 yearExpected volatility
    
    
    50
    %
    
    
    50
    %
    
    
    50
    %Weighted average fair value
    
    $
    3.68
    
    
    $
    4.16
    
    
    $
    11.48
 
 *
    
    Exercise price exceeded market price at date of grant.**
    
    Exercise price equaled market price at date of grant.***
    
    Exercise price is less than the market price at date of grant. 8




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WeightedAverageExerciseOptions
    
    PriceOptions outstanding at December 30, 2006
    
    
    1,717,531
    
    
    $
    11.47Options granted
    
    
    160,372
    
    
    
    8.58Options exercised
    
    
    (86,066
    )
    
    
    3.75Options forfeited
    
    
    (8,403
    )
    
    
    3.75Options outstanding at March 31, 2007
    
    
    1,783,434
    
    
    
    11.61Options exercisable at March 31, 2007
    
    
    298,084
    
    
    $
    13.16
 Outstanding
    
    ExercisableWeighted
    
    
    
    
    
    
    
    
    
    WeightedAverage
    
    Remaining
    
    
    
    
    
    AverageNumber of
    
    Exercise
    
    Contractual Life
    
    Number of
    
    ExercisePrice Range
    
    Options
    
    Price
    
    (in Years)
    
    Options
    
    Price$3.75
    
    
    288,417
    
    
    $
    3.75
    
    
    
    1.16
    
    
    
    
    
    
    $
    $10.29  $15.10
    
    
    1,495,017
    
    
    
    13.13
    
    
    
    8.86
    
    
    
    298,084
    
    
    
    13.161,783,434
    
    
    
    
    
    
    
    
    
    
    
    298,084
  Performance Shares
    
    Restricted Stock
    
    Restricted Stock UnitsWeighted
    
    
    
    
    
    Weighted
    
    
    
    
    
    WeightedAverage Fair
    
    
    
    
    
    Average Fair
    
    
    
    
    
    Average FairNumber of Awards
    
    Value
    
    Number of Awards
    
    Value
    
    Number of Awards
    
    ValueOutstanding at December 30, 2006
    
    
    
    
    
    $
    
    
    
    
    147,412
    
    
    $
    13.99
    
    
    
    119,250
    
    
    $
    13.95Granted
    
    
    245,025
    
    
    
    10.46
    
    
    
    218,063
    
    
    
    10.50
    
    
    
    1,600
    
    
    
    10.67Vested
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Forfeited
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (5,700
    )
    
    
    14.01Outstanding at March 31, 2007
    
    
    245,025
    
    
    $
    10.46
    
    
    
    365,475
    
    
    $
    11.92
    
    
    
    115,150
    
    
    $
    13.90
   9




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3. Income Taxes
  4. Comprehensive Income
  Period from
    
    
    Period fromDecember 31, 2006
    
    
    January 1, 2006to
    
    
    toMarch 31, 2007
    
    
    April 1, 2006Net income (loss)
    
    $
    (189
    )
    
    $
    9,795Other comprehensive income:Foreign currency translation, net of taxes
    
    
    (8
    )
    
    
    (27
    )Unrealized loss from cash flow hedge, net of taxes
    
    
    (274
    )
    
    
    Unrealized loss from adoption of FIN 48, net of taxes
    
    
    (72
    )
    
    
    Comprehensive income
    
    $
    (543
    )
    
    $
    9,768
 5. Employee Benefits
 Defined Benefit Pension Plans
   Period from December 31,
    
    
    Period from January 1,20062006 to March 31, 2007
    
    
    to April 1, 2006(In thousands)Service cost
    
    $
    626
    
    
    $
    672Interest cost on projected benefit obligation
    
    
    1,054
    
    
    
    1,011Expected return on plan assets
    
    
    (1,356
    )
    
    
    (1,300
    )Amortization of unrecognized prior service cost
    
    
    1
    
    
    
    1Net periodic pension cost
    
    $
    325
    
    
    $
    384
 6. Revolving Credit Facility
   10




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7. Mortgage
    2011
    
    $
    1,5112012
    
    
    3,1722013
    
    
    3,4372014
    
    
    3,6652015
    
    
    3,908Thereafter
    
    $
    279,307
 8. Related Party Transactions
 Temporary Staffing Provider
  Consulting
  11




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Rental Car
  9. Commitments and Contingencies
 Environmental and Legal Matters
  Collective Bargaining Agreements
  Preference Claim
  Breach of Contract Claim
  Hurricane Katrina
  12




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10. Subsequent Events
  11. Unaudited Supplemental Condensed Consolidating Financial Statements
 ,
 13




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##### Table of Contents



BlueLinxHoldings
    
    
    BlueLinx
    
    
    LLCInc.
    
    
    Corporation
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    ConsolidatedNet sales
    
    $
    
    
    
    $
    957,114
    
    
    $
    7,518
    
    
    $
    (7,518
    )
    
    $
    957,114Cost of sales
    
    
    
    
    
    
    853,359
    
    
    
    
    
    
    
    
    
    
    
    853,359Gross profit
    
    
    
    
    
    
    103,755
    
    
    
    7,518
    
    
    
    (7,518
    )
    
    
    103,755Operating expenses:Selling, general and administrative
    
    
    437
    
    
    
    95,432
    
    
    
    117
    
    
    
    (7,518
    )
    
    
    88,468Depreciation and amortization
    
    
    
    
    
    
    4,342
    
    
    
    1,058
    
    
    
    
    
    
    
    5,400Total operating expenses
    
    
    437
    
    
    
    99,774
    
    
    
    1,175
    
    
    
    (7,518
    )
    
    
    93,868Operating income (loss)
    
    
    (437
    )
    
    
    3,981
    
    
    
    6,343
    
    
    
    
    
    
    
    9,887Non-operating expenses:Interest expense
    
    
    
    
    
    
    5,715
    
    
    
    4,891
    
    
    
    
    
    
    
    10,606Other expense (income), net
    
    
    
    
    
    
    (148
    )
    
    
    (235
    )
    
    
    
    
    
    
    (383
    )Income before provision for (benefit from) income taxes
    
    
    (437
    )
    
    
    (1,586
    )
    
    
    1,687
    
    
    
    
    
    
    
    (336
    )Provision for (benefit from) income taxes
    
    
    (170
    )
    
    
    (635
    )
    
    
    658
    
    
    
    
    
    
    
    (147
    )Equity in income (loss) of subsidiaries
    
    
    78
    
    
    
    
    
    
    
    
    
    
    
    (78
    )
    
    
    Net income (loss)
    
    $
    (189
    )
    
    $
    (951
    )
    
    $
    1,029
    
    
    $
    (78
    )
    
    $
    (189
    )
  BlueLinxHoldings
    
    
    BlueLinx
    
    
    LLCInc.
    
    
    Corporation
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    ConsolidatedNet sales
    
    $
    
    
    
    $
    1,376,606
    
    
    $
    4,899
    
    
    $
    (4,899
    )
    
    $
    1,376,606Cost of sales
    
    
    
    
    
    
    1,246,654
    
    
    
    
    
    
    
    
    
    
    
    1,246,654Gross profit
    
    
    
    
    
    
    129,952
    
    
    
    4,899
    
    
    
    (4,899
    )
    
    
    129,952Operating expenses:Selling, general and administrative
    
    
    337
    
    
    
    101,508
    
    
    
    321
    
    
    
    (4,899
    )
    
    
    97,267Depreciation and amortization
    
    
    
    
    
    
    3,985
    
    
    
    1,058
    
    
    
    
    
    
    
    5,043Total operating expenses
    
    
    337
    
    
    
    105,493
    
    
    
    1,379
    
    
    
    (4,899
    )
    
    
    102,310Operating income (loss)
    
    
    (337
    )
    
    
    24,459
    
    
    
    3,520
    
    
    
    
    
    
    
    27,642Non-operating expenses:Interest expense
    
    
    
    
    
    
    8,067
    
    
    
    3,130
    
    
    
    
    
    
    
    11,197Other expense (income), net
    
    
    
    
    
    
    136
    
    
    
    (55
    )
    
    
    
    
    
    
    81Income before provision for (benefit from) income taxes
    
    
    (337
    )
    
    
    16,256
    
    
    
    445
    
    
    
    
    
    
    
    16,364Provision for (benefit from) income taxes
    
    
    (132
    )
    
    
    6,527
    
    
    
    174
    
    
    
    
    
    
    
    6,569Equity in income (loss) of subsidiaries
    
    
    10,000
    
    
    
    
    
    
    
    
    
    
    
    (10,000
    )
    
    
    Net income (loss)
    
    $
    9,795
    
    
    $
    9,729
    
    
    $
    271
    
    
    $
    (10,000
    )
    
    $
    9,795
 14




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BlueLinxBlueLinx
    
    
    CorporationHoldings
    
    
    and
    
    
    LLCInc.
    
    
    Subsidiaries
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    ConsolidatedAssets:Current assets:Cash
    
    $
    3
    
    
    $
    20,224
    
    
    $
    35
    
    
    $
    
    
    
    $
    20,262Receivables
    
    
    
    
    
    
    377,695
    
    
    
    
    
    
    
    
    
    
    
    377,695Inventories
    
    
    
    
    
    
    465,550
    
    
    
    
    
    
    
    
    
    
    
    465,550Deferred income taxes
    
    
    
    
    
    
    8,865
    
    
    
    
    
    
    
    (80
    )
    
    
    8,785Other current assets
    
    
    428
    
    
    
    45,986
    
    
    
    
    
    
    
    (2,506
    )
    
    
    43,908Intercompany receivable
    
    
    344
    
    
    
    
    
    
    
    
    
    
    
    (344
    )
    
    
    Total current assets
    
    
    775
    
    
    
    918,320
    
    
    
    35
    
    
    
    (2,930
    )
    
    
    916,200Property, plant and equipment:Land and land improvements
    
    
    
    
    
    
    2,810
    
    
    
    54,673
    
    
    
    
    
    
    
    57,483Buildings
    
    
    
    
    
    
    6,467
    
    
    
    89,347
    
    
    
    
    
    
    
    95,814Machinery and equipment
    
    
    
    
    
    
    64,404
    
    
    
    
    
    
    
    
    
    
    
    64,404Construction in progress
    
    
    
    
    
    
    3,949
    
    
    
    
    
    
    
    
    
    
    
    3,949Property, plant and equipment, at cost
    
    
    
    
    
    
    77,630
    
    
    
    144,020
    
    
    
    
    
    
    
    221,650Accumulated depreciation
    
    
    
    
    
    
    (30,016
    )
    
    
    (12,288
    )
    
    
    
    
    
    
    (42,304
    )Property, plant and equipment, net
    
    
    
    
    
    
    47,614
    
    
    
    131,732
    
    
    
    
    
    
    
    179,346Investment in subsidiaries
    
    
    185,467
    
    
    
    
    
    
    
    
    
    
    
    (185,467
    )
    
    
    Deferred income taxes
    
    
    
    
    
    
    809
    
    
    
    
    
    
    
    (809
    )
    
    
    Other non-current assets
    
    
    
    
    
    
    20,571
    
    
    
    5,763
    
    
    
    
    
    
    
    26,334Total assets
    
    $
    186,242
    
    
    $
    987,314
    
    
    $
    137,530
    
    
    $
    (189,206
    )
    
    $
    1,121,880Liabilities :Current liabilities:Accounts payable
    
    $
    20
    
    
    $
    233,921
    
    
    $
    
    
    
    $
    
    
    
    $
    233,941Bank overdrafts
    
    
    
    
    
    
    50,603
    
    
    
    
    
    
    
    
    
    
    
    50,603Accrued compensation
    
    
    
    
    
    
    9,498
    
    
    
    
    
    
    
    
    
    
    
    9,498Current maturities of long-term debt
    
    
    
    
    
    
    88,281
    
    
    
    
    
    
    
    
    
    
    
    88,281Deferred income taxes
    
    
    80
    
    
    
    
    
    
    
    
    
    
    
    (80
    )
    
    
    Other current liabilities
    
    
    
    
    
    
    15,569
    
    
    
    566
    
    
    
    
    
    
    
    16,135Intercompany payable
    
    
    
    
    
    
    174
    
    
    
    2,676
    
    
    
    (2,850
    )
    
    
    Total current liabilities
    
    
    100
    
    
    
    398,046
    
    
    
    3,242
    
    
    
    (2,930
    )
    
    
    398,458Non-current liabilities :Long-term debt
    
    
    
    
    
    
    227,719
    
    
    
    295,000
    
    
    
    
    
    
    
    522,719Deferred income taxes
    
    
    
    
    
    
    
    
    
    
    2,322
    
    
    
    (809
    )
    
    
    1,513Other long-term liabilities
    
    
    
    
    
    
    13,048
    
    
    
    
    
    
    
    
    
    
    
    13,048Total liabilities
    
    
    100
    
    
    
    638,813
    
    
    
    300,564
    
    
    
    (3,739
    )
    
    
    935,738Shareholders Equity/Parents Investment
    
    
    186,142
    
    
    
    348,501
    
    
    
    (163,034
    )
    
    
    (185,467
    )
    
    
    186,142Total liabilities and equity
    
    $
    186,242
    
    
    $
    987,314
    
    
    $
    137,530
    
    
    $
    (189,206
    )
    
    $
    1,121,880
 15




---



##### Table of Contents



The condensed consolidating balance sheet for BlueLinx Holdings Inc. as of December 30, 2006
follows (in thousands):
 BlueLinxBlueLinx
    
    
    Corporation
    
    
    LLCHoldings Inc.
    
    
    and Subsidiaries
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    ConsolidatedAssets:Current assets:Cash
    
    $
    2
    
    
    $
    27,017
    
    
    $
    23
    
    
    $
    
    
    
    $
    27,042Receivables
    
    
    
    
    
    
    307,543
    
    
    
    
    
    
    
    
    
    
    
    307,543Inventories
    
    
    
    
    
    
    410,686
    
    
    
    
    
    
    
    
    
    
    
    410,686Deferred income taxes
    
    
    
    
    
    
    9,175
    
    
    
    
    
    
    
    (151
    )
    
    
    9,024Other current assets
    
    
    497
    
    
    
    46,957
    
    
    
    
    
    
    
    (2,506
    )
    
    
    44,948Intercompany receivable
    
    
    764
    
    
    
    
    
    
    
    
    
    
    
    (764
    )
    
    
    Total current assets
    
    
    1,263
    
    
    
    801,378
    
    
    
    23
    
    
    
    (3,421
    )
    
    
    799,243Property, plant and equipment:Land and land improvements
    
    
    
    
    
    
    2,760
    
    
    
    54,225
    
    
    
    
    
    
    
    56,985Buildings
    
    
    
    
    
    
    6,467
    
    
    
    89,347
    
    
    
    
    
    
    
    95,814Machinery and equipment
    
    
    
    
    
    
    61,955
    
    
    
    
    
    
    
    
    
    
    
    61,955Construction in progress
    
    
    
    
    
    
    2,025
    
    
    
    
    
    
    
    
    
    
    
    2,025Property, plant and equipment, at cost
    
    
    
    
    
    
    73,207
    
    
    
    143,572
    
    
    
    
    
    
    
    216,779Accumulated depreciation
    
    
    
    
    
    
    (27,300
    )
    
    
    (11,230
    )
    
    
    
    
    
    
    (38,530
    )Property, plant and equipment, net
    
    
    
    
    
    
    45,907
    
    
    
    132,342
    
    
    
    
    
    
    
    178,249Investment in subsidiaries
    
    
    188,307
    
    
    
    
    
    
    
    
    
    
    
    (188,307
    )
    
    
    Deferred income taxes
    
    
    
    
    
    
    1,430
    
    
    
    
    
    
    
    (1,430
    )
    
    
    Other non-current assets
    
    
    
    
    
    
    20,916
    
    
    
    5,954
    
    
    
    
    
    
    
    26,870Total assets
    
    $
    189,570
    
    
    $
    869,631
    
    
    $
    138,319
    
    
    $
    (193,158
    )
    
    $
    1,004,362Liabilities:Current liabilities:Accounts payable
    
    $
    20
    
    
    $
    195,795
    
    
    $
    
    
    
    $
    
    
    
    $
    195,815Bank overdrafts
    
    
    
    
    
    
    50,241
    
    
    
    
    
    
    
    
    
    
    
    50,241Accrued compensation
    
    
    
    
    
    
    8,574
    
    
    
    
    
    
    
    
    
    
    
    8,574Current maturities of long-term debt
    
    
    
    
    
    
    9,743
    
    
    
    
    
    
    
    
    
    
    
    9,743Deferred income taxes
    
    
    151
    
    
    
    
    
    
    
    
    
    
    
    (151
    )
    
    
    Other current liabilities
    
    
    
    
    
    
    14,848
    
    
    
    (215
    )
    
    
    
    
    
    
    14,633Intercompany payable
    
    
    
    
    
    
    160
    
    
    
    3,110
    
    
    
    (3,270
    )
    
    
    Total current liabilities
    
    
    171
    
    
    
    279,361
    
    
    
    2,895
    
    
    
    (3,421
    )
    
    
    279,006Non-current liabilities:Long-term debt
    
    
    
    
    
    
    227,719
    
    
    
    295,000
    
    
    
    
    
    
    
    522,719Deferred income taxes
    
    
    
    
    
    
    
    
    
    
    2,531
    
    
    
    (1,430
    )
    
    
    1,101Other long-term liabilities
    
    
    
    
    
    
    12,137
    
    
    
    
    
    
    
    
    
    
    
    12,137Total liabilities
    
    
    171
    
    
    
    519,217
    
    
    
    300,426
    
    
    
    (4,851
    )
    
    
    814,963Shareholders Equity/Parents Investment
    
    
    189,399
    
    
    
    350,414
    
    
    
    (162,107
    )
    
    
    (188,307
    )
    
    
    189,399Total liabilities and equity
    
    $
    189,570
    
    
    $
    869,631
    
    
    $
    138,319
    
    
    $
    (193,158
    )
    
    $
    1,004,362
 16




---



##### Table of Contents



BlueLinxHoldings
    
    
    BlueLinx
    
    
    LLCInc.
    
    
    Corporation
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    ConsolidatedCash flows from operating activities:Net income (loss)
    
    $
    (189
    )
    
    $
    (951
    )
    
    $
    1,029
    
    
    $
    (78
    )
    
    $
    (189
    )Adjustments to reconcile net income (loss) to cash
provided by (used in) operations:Depreciation and amortization
    
    
    
    
    
    
    4,341
    
    
    
    1,059
    
    
    
    
    
    
    
    5,400Amortization of debt issue costs
    
    
    
    
    
    
    452
    
    
    
    154
    
    
    
    
    
    
    
    606Deferred income tax provision (benefit)
    
    
    (71
    )
    
    
    478
    
    
    
    (209
    )
    
    
    
    
    
    
    198Share-based compensation expense
    
    
    
    
    
    
    874
    
    
    
    
    
    
    
    
    
    
    
    874Excess tax benefits from share-based
compensation arrangements
    
    
    
    
    
    
    (60
    )
    
    
    
    
    
    
    
    
    
    
    (60
    )Equity in earnings of subsidiaries
    
    
    (78
    )
    
    
    
    
    
    
    
    
    
    
    78
    
    
    
    Changes in assets and liabilities:Receivables
    
    
    
    
    
    
    (70,152
    )
    
    
    
    
    
    
    
    
    
    
    (70,152
    )Inventories
    
    
    
    
    
    
    (54,864
    )
    
    
    
    
    
    
    
    
    
    
    (54,864
    )Accounts payable
    
    
    
    
    
    
    38,126
    
    
    
    
    
    
    
    
    
    
    
    38,126Changes in other working capital
    
    
    69
    
    
    
    2,676
    
    
    
    781
    
    
    
    
    
    
    
    3,526Intercompany receivable
    
    
    420
    
    
    
    
    
    
    
    
    
    
    
    (420
    )
    
    
    Intercompany payable
    
    
    
    
    
    
    14
    
    
    
    (434
    )
    
    
    420
    
    
    
    Other
    
    
    
    
    
    
    (476
    )
    
    
    4
    
    
    
    
    
    
    
    (472
    )Net cash
provided by (used in) operating activities
    
    
    151
    
    
    
    (79,542
    )
    
    
    2,384
    
    
    
    
    
    
    
    (77,007
    )Cash flows from investing activities:Investment in subsidiaries
    
    
    3,343
    
    
    
    
    
    
    
    
    
    
    
    (3,343
    )
    
    
    Property, plant and equipment investments
    
    
    
    
    
    
    (5,643
    )
    
    
    (449
    )
    
    
    
    
    
    
    (6,092
    )Proceeds from sale of assets
    
    
    
    
    
    
    879
    
    
    
    
    
    
    
    
    
    
    
    879Net cash provided by (used in) investing activities
    
    
    3,343
    
    
    
    (4,764
    )
    
    
    (449
    )
    
    
    (3,343
    )
    
    
    (5,213
    )Cash flows from financing activities:Net transactions with Parent
    
    
    
    
    
    
    (1,387
    )
    
    
    (1,956
    )
    
    
    3,343
    
    
    
    Proceeds from stock options exercised
    
    
    323
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    323Excess tax benefits from share-based compensation
arrangements
    
    
    60
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    60Net increase in revolving credit facility
    
    
    
    
    
    
    78,538
    
    
    
    
    
    
    
    
    
    
    
    78,538Increase in bank overdrafts
    
    
    
    
    
    
    362
    
    
    
    
    
    
    
    
    
    
    
    362Common dividends paid
    
    
    (3,876
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (3,876
    )Other
    
    
    
    
    
    
    
    
    
    
    33
    
    
    
    
    
    
    
    33Net cash provided by (used in) financing activities
    
    
    (3,493
    )
    
    
    77,513
    
    
    
    (1,923
    )
    
    
    3,343
    
    
    
    75,440Increase (decrease) in cash
    
    
    1
    
    
    
    (6,793
    )
    
    
    12
    
    
    
    
    
    
    
    (6,780
    )Balance, beginning of period
    
    
    2
    
    
    
    27,017
    
    
    
    23
    
    
    
    
    
    
    
    27,042Balance, end of period
    
    $
    3
    
    
    $
    20,224
    
    
    $
    35
    
    
    $
    
    
    
    $
    20,262
 17




---



##### Table of Contents



BlueLinxHoldings
    
    
    BlueLinx
    
    
    LLCInc.
    
    
    Corporation
    
    
    Subsidiaries
    
    
    Eliminations
    
    
    ConsolidatedCash flows from operating activities:Net income
    
    $
    9,795
    
    
    $
    9,729
    
    
    $
    271
    
    
    $
    (10,000
    )
    
    $
    9,795Adjustments to reconcile net income (loss) to cash
provided by (used in) operations:Depreciation and amortization
    
    
    
    
    
    
    3,985
    
    
    
    1,058
    
    
    
    
    
    
    
    5,043Amortization of debt issue costs
    
    
    
    
    
    
    537
    
    
    
    228
    
    
    
    
    
    
    
    765Deferred income tax benefit
    
    
    (106
    )
    
    
    (413
    )
    
    
    (234
    )
    
    
    
    
    
    
    (753
    )Share-based compensation expense
    
    
    21
    
    
    
    541
    
    
    
    
    
    
    
    
    
    
    
    562Excess tax benefits from share-based
compensation arrangements
    
    
    
    
    
    
    (862
    )
    
    
    
    
    
    
    
    
    
    
    (862
    )Equity in earnings of subsidiaries
    
    
    (10,000
    )
    
    
    
    
    
    
    
    
    
    
    10,000
    
    
    
    Changes in assets and liabilities:Receivables
    
    
    
    
    
    
    (81,373
    )
    
    
    
    
    
    
    
    
    
    
    (81,373
    )Inventories
    
    
    
    
    
    
    (28,084
    )
    
    
    
    
    
    
    
    
    
    
    (28,084
    )Accounts payable
    
    
    (55
    )
    
    
    25,953
    
    
    
    
    
    
    
    
    
    
    
    25,898Changes in other working capital
    
    
    261
    
    
    
    196
    
    
    
    447
    
    
    
    
    
    
    
    904Intercompany receivable
    
    
    550
    
    
    
    1,578
    
    
    
    
    
    
    
    (2,128
    )
    
    
    Intercompany payable
    
    
    (1,578
    )
    
    
    1
    
    
    
    (551
    )
    
    
    2,128
    
    
    
    Other
    
    
    
    
    
    
    1,645
    
    
    
    59
    
    
    
    
    
    
    
    1,704Net cash provided by (used in) operating activities
    
    
    (1,112
    )
    
    
    (66,567
    )
    
    
    1,278
    
    
    
    
    
    
    
    (66,401
    )Cash flows from investing activities:Investment in subsidiaries
    
    
    2,589
    
    
    
    
    
    
    
    
    
    
    
    (2,589
    )
    
    
    Property, plant and equipment investments
    
    
    
    
    
    
    (658
    )
    
    
    
    
    
    
    
    
    
    
    (658
    )Proceeds from sale of assets
    
    
    
    
    
    
    135
    
    
    
    
    
    
    
    
    
    
    
    135Net cash provided by (used in) investing activities
    
    
    2,589
    
    
    
    (523
    )
    
    
    
    
    
    
    (2,589
    )
    
    
    (523
    )Cash flows from financing activities:Net transactions with Parent
    
    
    
    
    
    
    (1,491
    )
    
    
    (1,098
    )
    
    
    2,589
    
    
    
    Proceeds from stock options exercised
    
    
    1,479
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,479Excess tax benefits from share-based compensation
arrangements
    
    
    862
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    862Net increase in revolving credit facility
    
    
    
    
    
    
    84,919
    
    
    
    
    
    
    
    
    
    
    
    84,919Debt financing costs
    
    
    
    
    
    
    (400
    )
    
    
    (169
    )
    
    
    
    
    
    
    (569
    )Decrease in bank overdrafts
    
    
    
    
    
    
    (12,822
    )
    
    
    
    
    
    
    
    
    
    
    (12,822
    )Common dividends paid
    
    
    (3,831
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (3,831
    )Net cash provided by (used in) financing activities
    
    
    (1,490
    )
    
    
    70,206
    
    
    
    (1,267
    )
    
    
    2,589
    
    
    
    70,038Increase (decrease) in cash
    
    
    (13
    )
    
    
    3,116
    
    
    
    11
    
    
    
    
    
    
    
    3,114Balance, beginning of period
    
    
    13
    
    
    
    24,307
    
    
    
    
    
    
    
    
    
    
    
    24,320Balance, end of period
    
    $
    
    
    
    $
    27,423
    
    
    $
    11
    
    
    $
    
    
    
    $
    27,434
 
 ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  18




---



##### Table of Contents




    
    changes in the prices, supply and/or demand for products
which we distribute, especially as a result of conditions in the
residential housing market;
    
    general economic and business conditions in the United States;
    
    the activities of competitors;
    
    changes in significant operating expenses;
    
    changes in the availability of capital;
    
    our ability to identify acquisition opportunities and effectively and cost-efficiently integrate acquisitions;
    
    adverse weather patterns or conditions;
    
    acts of war or terrorist activities;
    
    variations in the performance of the financial markets; and
    
    the other factors described herein under Factors Affecting Future Results in our Annual
Report on Form 10-K for the year ended December 30, 2006 as filed with the SEC.
  Overview
 Background
  Chief Financial Officer Employment Agreement
  19




---



##### Table of Contents



Recent Developments
  Supply Agreement with Georgia-Pacific
  Selected Factors Affecting Our Operating Results
   Fiscal
    
    
    Fiscal
    
    
    Fiscal
    
    
    FiscalQ1 2007
    
    
    Q1 2006
    
    
    2006
    
    
    2005(Dollars in millions)(Unaudited)Sales by CategoryStructural Products(1)
    
    $
    519
    
    
    $
    814
    
    
    $
    2,788
    
    
    $
    3,548Specialty Products(1)
    
    
    456
    
    
    
    580
    
    
    
    2,197
    
    
    
    2,143Unallocated Allowances and Adjustments
    
    
    (18
    )
    
    
    (17
    )
    
    
    (86
    )
    
    
    (69
    )Total Sales
    
    $
    957
    
    
    $
    1,377
    
    
    $
    4,899
    
    
    $
    5,622Sales VariancesUnit Volume $ Change
    
    $
    (305
    )
    
    $
    68
    
    
    $
    (398
    )
    
    $
    216Price/Other(2)
    
    
    (115
    )
    
    
    (43
    )
    
    
    (325
    )
    
    
    (152
    )Total $ Change
    
    $
    (420
    )
    
    $
    25
    
    
    $
    (723
    )
    
    $
    64Unit Volume % Change
    
    
    (21.9
    )%
    
    
    5.0
    %
    
    
    (7.0
    )%
    
    
    3.9
    %Price/Other(2)
    
    
    (8.6
    )%
    
    
    (3.2
    )%
    
    
    (5.9
    )%
    
    
    (2.8
    )%Total % Change
    
    
    (30.5
    )%
    
    
    1.8
    %
    
    
    (12.9
    )%
    
    
    1.1
    %
 
 (1)
    
    For the quarter ended December 31, 2005, we began classifying metal rebar and remesh as
structural product instead of specialty product. Fiscal 2005 Sales by Category has been
adjusted to reclassify sales of rebar/remesh from Specialty Products sales to Structural
Products sales. This reclassification has no impact on Total Sales.(2)
    
    Other includes unallocated allowances and discounts.  20




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##### Table of Contents



Fiscal
    
    
    Fiscal
    
    
    Fiscal
    
    
    FiscalQ1 2007
    
    
    Q1 2006
    
    
    2006
    
    
    2005(Dollars in millions)(Unaudited)Gross Margin $s by CategoryStructural Products(1)
    
    $
    45
    
    
    $
    56
    
    
    $
    194
    
    
    $
    246Specialty Products(1)
    
    
    64
    
    
    
    80
    
    
    
    308
    
    
    
    284Other (2)
    
    
    (5
    )
    
    
    (6
    )
    
    
    (22
    )
    
    
    (18
    )Total Gross Margin $s
    
    $
    104
    
    
    $
    130
    
    
    $
    480
    
    
    $
    512Gross Margin %s by CategoryStructural Products
    
    
    8.7
    %
    
    
    6.9
    %
    
    
    7.0
    %
    
    
    6.9
    %Specialty Products
    
    
    13.9
    %
    
    
    13.9
    %
    
    
    14.0
    %
    
    
    13.3
    %Other (2)
    
    NA
    
    NA
    
    NA
    
    NATotal Gross Margin %s
    
    
    10.8
    %
    
    
    9.4
    %
    
    
    9.8
    %
    
    
    9.1
    %Unit Volume Growth by ProductStructural Products
    
    
    (22.6
    )%
    
    
    (0.8
    )%
    
    
    (11.8
    )%
    
    
    3.2
    %Specialty Products
    
    
    (20.9
    )%
    
    
    14.9
    %
    
    
    1.0
    %
    
    
    5.1
    %Total Unit Volume Growth %s
    
    
    (21.9
    )%
    
    
    5.0
    %
    
    
    (7.0
    )%
    
    
    3.9
    %
 
 (1)
    
    For the quarter ended December 31, 2005, we began classifying metal rebar and remesh as
structural product instead of specialty product. Fiscal 2005 Sales by Category has been
adjusted to reclassify sales of rebar/remesh from Specialty Products sales to Structural
Products sales. This reclassification has no impact on Total Sales.(2)
    
    Other includes unallocated allowances and discounts.  Fiscal
    
    
    Fiscal
    
    
    Fiscal
    
    
    FiscalQ1 2007
    
    
    Q1 2006
    
    
    2006
    
    
    2005(Dollars in millions)(Unaudited)Sales by ChannelWarehouse/Reload
    
    $
    681
    
    
    $
    882
    
    
    $
    3,326
    
    
    $
    3,704Direct
    
    
    294
    
    
    
    512
    
    
    
    1,659
    
    
    
    1,987Unallocated Allowances and Adjustments
    
    
    (18
    )
    
    
    (17
    )
    
    
    (86
    )
    
    
    (69
    )Total
    
    $
    957
    
    
    $
    1,377
    
    
    $
    4,899
    
    
    $
    5,622Gross Margin by ChannelWarehouse/Reload
    
    $
    92
    
    
    $
    111
    
    
    $
    407
    
    
    $
    429Direct
    
    
    17
    
    
    
    25
    
    
    
    95
    
    
    
    101Unallocated Allowances and Adjustments
    
    
    (5
    )
    
    
    (6
    )
    
    
    (22
    )
    
    
    (18
    )Total
    
    $
    104
    
    
    $
    130
    
    
    $
    480
    
    
    $
    512
 Fiscal
    
    
    Fiscal
    
    
    Fiscal
    
    
    FiscalQ1 2007
    
    
    Q1 2006
    
    
    2006
    
    
    2005(Dollars in millions)(Unaudited)Gross Margin % by ChannelWarehouse/Reload
    
    
    13.5
    %
    
    
    12.6
    %
    
    
    12.2
    %
    
    
    11.6
    %Direct
    
    
    5.8
    %
    
    
    4.9
    %
    
    
    5.7
    %
    
    
    5.1
    %Unallocated Allowances and Adjustments
    
    
    (0.5
    )%
    
    
    (0.4
    )%
    
    
    (0.4
    )%
    
    
    (0.3
    )%Total
    
    
    10.8
    %
    
    
    9.4
    %
    
    
    9.8
    %
    
    
    9.1
    %
 Fiscal Year
  Results of Operations
 21




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##### Table of Contents



First Quarter of Fiscal 2007 Compared to First Quarter of Fiscal 2006
  Period
    
    
    
    
    
    
    Periodfrom
    
    
    
    
    
    
    fromDecember 31, 2006
    
    
    % of
    
    
    January 1, 2006
    
    
    % ofto
    
    
    Net
    
    
    to
    
    
    NetMarch 31, 2007
    
    
    Sales
    
    
    April 1, 2006
    
    
    Sales(Unaudited)
    
    
    
    
    
    
    (Unaudited)(Dollars in thousands)Net sales
    
    $
    957,114
    
    
    
    100.0
    %
    
    $
    1,376,606
    
    
    
    100.0
    %Gross profit
    
    
    103,755
    
    
    
    10.8
    %
    
    
    129,952
    
    
    
    9.4
    %Selling, general & administrative
    
    
    88,468
    
    
    
    9.2
    %
    
    
    97,267
    
    
    
    7.1
    %Depreciation and amortization
    
    
    5,400
    
    
    
    0.6
    %
    
    
    5,043
    
    
    
    0.4
    %Operating income
    
    
    9,887
    
    
    
    1.0
    %
    
    
    27,642
    
    
    
    2.0
    %Interest expense
    
    
    10,606
    
    
    
    1.1
    %
    
    
    11,197
    
    
    
    0.8
    %Other expense (income), net
    
    
    (383
    )
    
    
    0.0
    %
    
    
    81
    
    
    
    0.0
    %Income (loss) before provision for (benefit from) income taxes
    
    
    (336
    )
    
    
    0.0
    %
    
    
    16,364
    
    
    
    1.2
    %Provision for (benefit from) income taxes
    
    
    (147
    )
    
    
    0.0
    %
    
    
    6,569
    
    
    
    0.5
    %Net income (loss)
    
    $
    (189
    )
    
    
    0.0
    %
    
    $
    9,795
    
    
    
    0.7
    %
 Net Sales.
 Gross Profit.
 Selling, general, and administrative.
 Depreciation and Amortization.
 Operating Income.
 Interest Expense, net.
 Provision for Income Taxes.
 22




---



##### Table of Contents



Net Income (Loss).
  Seasonality
  Liquidity and Capital Resources
  Form
10-K
 23




---



##### Table of Contents



March 31,
    
    
    December 30,2007
    
    
    2006(Dollars in thousands)(Unaudited)Working capital
    
    $
    517,742
    
    
    $
    520,237
 Period from
    
    
    Period fromDecember 31,
    
    
    January 1,2006 to
    
    
    2006 toMarch 31,2007
    
    
    April 1, 2006(Dollars in thousands)(Unaudited)Cash flows used for operating activities
    
    $
    (77,007
    )
    
    $
    (66,401
    )Cash flows used for investing activities
    
    
    (5,213
    )
    
    
    (523
    )Cash flows provided by financing activities
    
    $
    75,440
    
    
    $
    70,038
 Working Capital
  Operating Activities
  Investing Activities
    24




---



##### Table of Contents



Financing Activities
   Debt and Credit Sources
      Contractual Obligations
  Critical Accounting Policies
   25




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##### Table of Contents



Revenue Recognition
   
    
    We are the primary obligor responsible for fulfillment;
    
    We hold title to all reload inventory and are responsible for all product returns;
    
    We control the selling price for all channels;
    
    We select the supplier; and
    
    We bear all credit risk.
  Allowance for Doubtful Accounts and Related Reserves
 e.g.
 Inventories
   Consideration Received from Vendors
  Impairment of Long-Lived Assets
 26




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##### Table of Contents



Recently Issued Accounting Pronouncements
 The Fair Value Option for Financial Assets and
Financial Liabilities
 Fair Value Measurements
  Share-Based Payment Statement of Cash Flows.
      27




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##### Table of Contents



ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
   
 ITEM 4. CONTROLS AND PROCEDURES
   
 PART II. OTHER INFORMATION
 
 ITEM 1. LEGAL PROCEEDINGS
  
 ITEM 1A. RISK FACTORS
  
 ITEM 6. EXHIBITS
 ExhibitNumber
    
    Description31.1
    
    Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.31.2
    
    Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.32.1
    
    Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.32.2
    
    Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
 28




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##### Table of Contents



SIGNATURES
  BlueLinx Holdings Inc.(Registrant)Date: May 7, 2007
    
    /s/ Lynn A. WentworthLynn A. WentworthChief Financial Officer and Treasurer(Principal Accounting and Financial Officer)
 29




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##### Table of Contents



EXHIBIT INDEX
 ExhibitNumber
    
    Description31.1
    
    Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.31.2
    
    Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.32.1
    
    Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.32.2
    
    Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
 30