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Jul 01, 2023
BlueLinx Q2 2023 Earnings Report
BlueLinx reported solid results driven by price and cost discipline amidst a soft market.
Key Takeaways
BlueLinx Holdings Inc. reported a decrease in net sales to $816 million, a net income of $24 million, and an adjusted EBITDA of $49 million. The company maintained price and cost discipline, generating $64 million in operating cash and improving specialty product gross margins to over 19%.
Net sales decreased to $816 million.
Gross profit was $136 million with a gross margin of 16.6%.
Net income was $24 million, or $2.70 diluted earnings per share.
Operating cash generated was $64 million and free cash flow was $59 million.
Revenue by Segment
Forward Guidance
Through the first four weeks of the third quarter of 2023, specialty product gross margin was in the range of 18.5% to 19.5% with average daily volumes consistent with what we experienced during the second quarter of 2023. Structural product gross margin was in the range of 12% to 13% given recent increases in wood-based commodity prices with relatively similar average daily sales volumes compared to the second quarter of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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