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Sep 28, 2024
BlueLinx Q3 2024 Earnings Report
BlueLinx reported solid volume growth in key specialty product categories and strong volume growth across the structural products business.
Key Takeaways
BlueLinx reported net sales of $747 million for Q3 2024, a decrease of 8% compared to Q3 2023. Net income was $16 million, or $1.87 per diluted share. The company generated $54 million in free cash flow and repurchased $15 million of stock.
Net sales were $747 million.
Gross profit was $126 million, with a gross margin of 16.8%.
Net income was $16 million, or $1.87 diluted earnings per share.
Free cash flow was $54 million.
Revenue by Segment
Forward Guidance
Through the first four weeks of the fourth quarter of 2024, specialty product gross margin was in the range of 18% to 19% and structural product gross margin was in the range of 9% to 10%. Average daily sales volumes improved slightly versus the third quarter of 2024.
Positive Outlook
- Specialty product gross margin was in the range of 18% to 19%.
- Structural product gross margin was in the range of 9% to 10%.
- Average daily sales volumes improved slightly versus the third quarter of 2024.
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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