BlueLinx anounces new $100M share repurchase plan

BlueLinx announced that its board of directors has approved a new share repurchase authorization under which the company may repurchase $100M 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 $100M share repurchase program in early fiscal October.