BlueLinx Holdings has reported preliminary results for its fourth fiscal quarter, with expected revenues at approximately $440 million, an increase of 12.5% from $391.1 million for the fourth quarter of fiscal 2011.

BlueLinx Holdings, the Atlanta-based distributor of building materials, announced in an Aug. 10 Securities and Exchange [SEC] filing that board member Robert Warden has submitted his resignation, effective Aug. 6.

The reason given was that Warden has also resigned from Cerberus ABP Investor, the largest stockholder of BlueLinx Holdings. Warden was a managing director at Cerberus.

Atlanta-based BlueLinx Holdings posted a net loss of $11.0 million for the first quarter ended March 31, compared with a net loss of $12.3 million in the first quarter of 2011.

The building products distributor reported first-quarter revenue of $453.7 million, up 16.2% from $390.6 million in the same period a year ago. The increase in revenue is attributable to increased unit volumes and increased underlying product prices for both product categories. 

BlueLinx Holdings, a leading distributor of building products in North America, announced that its indirect subsidiary BlueLinx Building Products Canada has entered into a revolving credit agreement with CIBC Asset-Based Lending. The new credit facility provides for borrowing capacity of up to $10 million and has a term of three years, maturing on Aug. 12, 2014.

BlueLinx Holdings has raised approximately $58.5 million after investors fully subscribed to a $60 million rights offering that expired on July 22.  Following the issuance of the newly subscribed shares, which is expected to occur on or about July 28, 2011, BlueLinx will have approximately 61.8 million total shares outstanding. 

Cerberus ABP Investor will remain the majority stockholder, owning approximately 55% of BlueLinx' common stock.