BlueLinx Holdings, Inc. (NYSE:BXC) Q2 2020 Earnings Conference Call - Final Transcript

Aug 04, 2020 • 10:00 am ET


BlueLinx Holdings, Inc. (NYSE:BXC) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the BlueLinx Second Quarter 2020 Earnings Presentation. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions] I would now like to hand the conference over to your speaker today, Ms. Mary Moll, Director of Investor Relations. Thank you. Please go ahead, ma'am.

Mary Moll

Thank you, and good morning, everyone. We appreciate you joining us for the BlueLinx 2020 Second Quarter Earnings Conference Call. The earnings release is posted in the Investors section of our website at We will also be referring to a supplementary presentation as we go through the call. The presentation is available on our website as well.

Joining us on the call today are Mitch Lewis, Chief Executive Officer; and Kelly Janzen, Chief Financial Officer.

Before we get started, I'd like to remind you that this presentation includes forward-looking statements. These statements are subject to risks and uncertainties that could cause our actual results to differ materially from those reflected in the statements. Those risks and uncertainties are described in our earnings release and discussed in our filings with the SEC. Today's presentation also includes references to non-GAAP financial measures. These non-GAAP measures are described and reconciled to their GAAP counterparts in the presentation materials, the earnings release and in the Investors section of our website.

With that, I'll turn the call over to Mitch.

Mitchell B. Lewis

Thanks, Mary, and good morning. The second quarter of 2020 has been one of the most challenging periods in our history, both professionally as well as in our personal lives. While we'll be spending time this morning discussing the business results for BlueLinx in the second quarter, it's not lost on us the emotional and physical toll that COVID-19 pandemic has caused to our nation and the world. Our thoughts are with all of those who have been affected.

We also want to extend special thanks and our deepest gratitude to our country's health care professionals, first responders and all of those on the front lines who are putting their lives at risk every day to serve and protect our communities impacted by COVID-19. We truly appreciate their service and sacrifice.

As we discussed briefly on our last call, by late February, following the initial news of the COVID-19 outbreak and the public health crisis it posed, we had organized ourselves to respond to the pandemic. Though much of our nation entered into shelter-in-place mandates beginning in late March and continuing through April and May, our business was deemed essential in every state that we operate. We quickly developed a company-wide plan to safely continue operations. We established new protocols regarding health, sanitation and safety in order to ensure that we prioritize our associates' health and safety with respect to all business decisions. With the cooperation and tremendous effort of our associates, we have been able to deliver outstanding service to our customers with minimal business disruption during this challenging time.

These efforts translated into strong results for