8-K
filed February 21, 2023, 6:59 PM ET
ticker BXC
CIK 0001301787
earnings
confidence high
sentiment negative
materiality 0.80
BlueLinx Q4 net sales down 13% YoY; adjusted EPS $3.97; Q1 volumes down ~15%
BlueLinx Holdings Inc.
2022-FY EPS reported
$31.51
revenue$4,450,214,000
- Q4 net sales $848M (-13% YoY); net income $32M ($3.50 diluted EPS) vs $74M ($7.30) prior year.
- Adjusted net income $36M ($3.97 adjusted diluted EPS); adjusted EBITDA $63M (7.4% of sales).
- Full year 2022 net sales $4.5B (+4%); adjusted EBITDA $478M (10.7% of sales), up 3% YoY.
- Q1 2023 update: specialty gross margin 18-19%, daily sales volumes down ~15% YoY; structural gross margin 10-11%.
- Acquired Vandermeer Forest Products for $67M in Q4; repurchased $66M of stock (~9% of shares) in 2022.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
BlueLinx Holdings Inc. reported the fiscal year ended December 31, 2022 results: revenue $4.5 billion, net income $296 million, EPS $31.51 diluted earnings per share.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $4.5 billion
- Net income
- $296 million
- EPS
- $31.51 diluted earnings per share
- Result
- reported results
Exact text from the filing
FULL YEAR 2022 HIGHLIGHTS (all comparisons are versus the prior year period unless otherwise noted) • Net sales of $4.5 billion, an increase of 4% • Gross profit increased 7% to $833 million and gross margin increased 50 basis points to 18.7% • Net income of $296 million, or $31.51 diluted earnings per share • Adjusted net income of $306 million, or $32.55 adjusted diluted earnings per share • Adjusted EBITDA increased 3% to an all-time high of $478 million, or 10.7% of net sales
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
BlueLinx Holdings Inc. reported the fiscal fourth quarter ended December 31, 2022 results: revenue $848 million, net income $32 million, EPS $3.50 diluted earnings per share.
- Period
- the fiscal fourth quarter ended December 31, 2022
- Revenue
- $848 million
- Net income
- $32 million
- EPS
- $3.50 diluted earnings per share
- Result
- reported results
Exact text from the filing
FOURTH QUARTER 2022 HIGHLIGHTS (all comparisons are versus the prior year period unless otherwise noted) • Net sales of $848 million, a decrease of $125 million • Gross profit of $151 million, gross margin of 17.8% and specialty margin of 21.1% • Net income of $32 million, or $3.50 diluted earnings per share • Adjusted net income of $36 million, or $3.97 adjusted diluted earnings per share • Adjusted EBITDA of $63 million, 7.4% of net sales
View on SEC.gov
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