secwatch.observer — SEC 8-K summary
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Issuer:     BlueLinx Holdings Inc. (BXC)
CIK:        0001301787
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001301787-23-000065
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlueLinx Q2 net sales drop 34% to $816M; net income falls to $24M from $71M YoY
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- Net sales $816M, down $423M or 34% YoY; net income $24M ($2.70 diluted EPS) vs $71M ($7.48) prior year.
- Adjusted net income $26M ($2.91 diluted EPS); Adjusted EBITDA $49M (6.0% of sales) vs $112M (9.1%) prior year.
- Specialty sales $571M (-28% YoY); gross margin 19.1% vs 22.9%. Structural sales $245M (-46%); gross margin 11.0% vs 4.7%.
- Operating cash flow $64M, free cash flow $59M; net debt $153M, net leverage 0.6x. Repurchased $12M of stock.
- Q3 outlook: specialty gross margin 18.5-19.5%; structural 12-13%; volumes consistent with Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301787/000130178723000065/0001301787-23-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301787/000130178723000065/bxc-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001301787-23-000065

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