Earnings ·
Reports Q3 net loss of $0.07 per share as sales rise 8.5% to $813 million
BXCBlueLinx Holdings Inc.
BlueLinx Holdings reported a fiscal third-quarter net loss of $0.6 million, or $0.07 per basic and diluted share, compared to net income of $1.7 million in the prior-year period. Net sales increased 8.5% year-over-year to $813 million, driven by higher pricing and volumes in structural products and contributions from Disdero Lumber Co. Gross profit rose 21% to $131 million, with gross margin expanding 170 basis points to 16.1%. Adjusted net income was $5.5 million, or $0.68 per diluted share, and adjusted EBITDA increased 42% to $31.7 million. The company generated $44.7 million in operating cash flow and ended the quarter with $689 million in available liquidity. BlueLinx is a leading U.S. wholesale distributor of residential and commercial building products.