BlueLinx Q3 net sales +9% to $1.1B, EPS $6.38 (+35%); acquired Vandermeer for $67M

BlueLinx Holdings Inc.

2022-Q3 EPS reported $27.82 revenue$3,602,445,000

Net sales $1.1B (+9% YoY), net income $60M ($6.38 diluted EPS) vs $47M ($4.74).
Adjusted EBITDA $100M (+27%), margin 9.4% vs 8.1%; free cash flow $130M.
Specialty product sales $724M (+13%), 68% of total; gross margin 20.9% (down from 23.0%).
Acquired Vandermeer Forest Products for $67M on Oct 3; expected immediately accretive.
Q4 outlook: specialty gross margin ~20%, structural 9-10% with consistent volumes.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BlueLinx Holdings Inc. reported fiscal third quarter ended October 1, 2022 results: revenue $1.1 billion, net income $60 million, EPS $6.38.

Period: fiscal third quarter ended October 1, 2022
Revenue: $1.1 billion
Net income: $60 million
EPS: $6.38
Result: reported results

Exact text from the filing

• Delivered net sales of $1.1 billion, an increase of 9% • Grew specialty product sales 13% to $724 million, or 68% of total sales, consistent with growth strategy • Increased gross profit 24% to $189 million and gross margin 210 basis points to 17.9% • Reported net income of $60 million and increased diluted earnings per share 35% to $6.38

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Source: SEC EDGAR

accession 0001301787-22-000054

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