BlueLinx increases buyback authorization to $100M, enters $60M accelerated share repurchase

BlueLinx Holdings Inc.

Board raised share repurchase authorization from $25M to $100M, expiring end of fiscal 2023.
Entered $60M accelerated share repurchase agreement with Jefferies; initial delivery of 553,584 shares.
CEO states belief stock is undervalued and commitment to returning capital to shareholders.
Through Q1 2022, company repurchased 81,331 shares for $6.4M under prior program.

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