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Mar 29, 2025
BlueLinx Q1 2025 Earnings Report
BlueLinx reported financial results for the first quarter of 2025
Key Takeaways
BlueLinx reported a decrease in net sales and net income for the first quarter of 2025 compared to the previous year, driven by price deflation and lower volumes in specialty products, although structural product sales increased. The company maintained solid margins despite challenging market conditions and continued to return capital to shareholders through share repurchases.
Net sales for Q1 2025 were $709 million, a 2% decrease year-over-year.
Net income was $2.8 million, significantly lower than $17.5 million in Q1 2024.
Adjusted EBITDA was $19.6 million, down from $38.8 million in the prior year period.
The company ended the quarter with strong liquidity, including $449 million in cash and cash equivalents.
Revenue by Segment
Forward Guidance
Through the first four weeks of the second quarter of 2025, specialty product gross margin is expected to be in the range of 17% to 18% and structural product gross margin is expected to be in the range of 9% to 10%. Average daily sales volumes are improved versus both the first quarter of 2025 and the second quarter of 2024.
Positive Outlook
- Specialty product gross margin expected to be between 17% and 18% in Q2 2025.
- Structural product gross margin expected to be between 9% and 10% in Q2 2025.
- Average daily sales volumes improved in early Q2 2025 compared to Q1 2025.
- Average daily sales volumes improved in early Q2 2025 compared to Q2 2024.
- Company is well-positioned to benefit from an industry recovery.
Challenges Ahead
- Current market conditions remain uncertain.
- Gross margins for specialty products are expected to be lower than the prior year quarter's reported margin.
- Gross margins for structural products are expected to be lower than the prior year quarter's reported margin.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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