secwatch.observer — SEC 8-K summary
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Issuer:     BlueLinx Holdings Inc. (BXC)
CIK:        0001301787
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001301787-23-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlueLinx Q1 sales fall 39% to $798M; net income drops to $18M from $133M
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- Diluted EPS $1.94 GAAP, adjusted diluted EPS $2.53; YoY comparisons from $13.19 GAAP.
- Gross margin 16.7%, down 560 bps; specialty margin 18.8%, structural margin 11.7%.
- Operating cash flow $89M, free cash flow $80M; available liquidity $723M, net leverage 0.6x.
- Specialty product sales -26% to $568M; structural product sales -57% to $230M on lower prices.
- Company intends to repurchase $34M of stock under existing $100M program; Q2 early margins stable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301787/000130178723000023/0001301787-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301787/000130178723000023/bxc-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001301787-23-000023

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