Building products distributor BlueLinx Holdings has awarded its eligible hourly and salaried employees with a discretionary year-end cash and/or equity bonus valued at almost $3 million. The company employs approximately 2,100 employees.
“The board of directors, senior management, and I recognized that employees ar the most important aspect in building stronger companies and we are capping off 2021 with a $3 million investment in our employees to recognize their collective efforts, contributions, and resiliency,” Dwight Gibson, president and CEO of BlueLinx, said in a news release. “The incentive includes a cash bonus, 10 shares of BlueLinx common stock or both for every eligible employee.”
Gibson said the company is well-positioned to capitalize on robust trends in the housing market while also driving “sustainable, profitable growth.” The executive said it is important for all employees to “think and act like owners.”
“Our employees have capitalized on strong demand in the housing market while navigating supply constraints and historic volatility in lumber pricing,” Gibson said. “And they’ve done so in the backdrop of the ongoing global pandemic. I could not be prouder of our BlueLinx team and the success we’ve accomplished in 2021 thus far.”
Marietta, Ga.-based BlueLinx has a distribution footprint serving 40 states and the company distributes its range of structural and specialty products to approximately 15,000 customers across the United States.
