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Dec 28, 2024
BlueLinx Q4 2024 Earnings Report
BlueLinx reported its financial results for the fourth quarter and full year ended December 28, 2024.
Key Takeaways
BlueLinx reported strong margin performance in Q4 2024, with net sales of $711 million and gross profit of $113 million. Specialty products maintained strong gross margins and volume growth, while structural products saw improved lumber pricing. The company maintained strong liquidity and continued share repurchases.
Net sales for Q4 2024 were $711 million, a slight decrease of 0.3% year-over-year.
Gross profit for Q4 2024 was $113 million, with a gross margin of 15.9%.
Net income for Q4 2024 was $5.3 million, or $0.62 diluted earnings per share.
Adjusted EBITDA for Q4 2024 was $22 million, representing 3.0% of net sales.
Revenue by Segment
Forward Guidance
Through the first seven weeks of Q1 2025, specialty product gross margin is expected to be 18-19%, and structural product gross margin 8-9%. Average daily sales volumes were down approximately 12% due to severe weather conditions.
Positive Outlook
- Specialty product gross margin is expected to remain strong, in the range of 18% to 19%.
- Structural product gross margin is expected to be in the range of 8% to 9%.
- The company plans to continue opportunistic share repurchases.
- Strong liquidity and minimal net debt position the company well for long-term sales growth.
- Continued focus on customer service proposition and strategy is expected to drive solid results.
Challenges Ahead
- Average daily sales volumes were down approximately 12% versus Q4 2024.
- Severe weather conditions in January impacted a significant portion of the distribution footprint.
- Price deflation driven by external market conditions impacted specialty product sales in the prior quarter.
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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