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Dec 31, 2022
BlueLinx Q4 2022 Earnings Report
Reported a decrease in net sales and gross profit, but demonstrated strong margin performance and record operating cash flow.
Key Takeaways
BlueLinx reported a decrease in net sales and gross profit for Q4 2022 compared to the prior year period, but highlighted strong margin performance and record operating cash flow. Net sales decreased by 13% to $848 million, and gross profit decreased by 22% to $151 million. Despite the challenging macro conditions, the company generated $154 million in operating cash flow and $137 million in free cash flow.
Net sales decreased by 13% to $848 million.
Gross profit decreased by 22% to $151 million, with a gross margin of 17.8%.
Net income was $32 million, or $3.50 diluted earnings per share.
Operating cash flow was $154 million and free cash flow was $137 million.
Revenue by Segment
Forward Guidance
Throughout 2023, the company expects that sales volumes and margins will continue to be adversely impacted and will continue to drive rigor around pricing and emphasize operational excellence across our business, while adjusting costs as necessary. They will also maintain their disciplined approach to capital allocation to generate shareholder returns.
Positive Outlook
- Continue to drive rigor around pricing.
- Emphasize operational excellence across our business.
- Adjust costs as necessary.
- Maintain disciplined approach to capital allocation.
- Generate shareholder returns.
Challenges Ahead
- Sales volumes will continue to be adversely impacted.
- Margins will continue to be adversely impacted.
- Challenging macro environment.
- Increasing interest rates have significantly slowed new residential construction.
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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