secwatch.observer — SEC 8-K summary
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Issuer:     BlueLinx Holdings Inc. (BXC)
CIK:        0001301787
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001301787-23-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlueLinx Q4 net sales down 13% YoY; adjusted EPS $3.97; Q1 volumes down ~15%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301787/000130178723000009/0001301787-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301787/000130178723000009/bxc-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001301787-23-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer