earnings
confidence high
sentiment negative
materiality 0.70
BlueLinx Q3 net sales down 24% to $810M; adjusted EPS $2.98 vs $6.56 YoY
BlueLinx Holdings Inc.
2023-Q3 EPS reported
$7.38
revenue$2,423,852,000
- Net sales $810M (-24% YoY); net income $24M ($2.71 diluted) vs $60M ($6.38) prior year.
- Adjusted EBITDA $50M (6.2% of sales) vs $100M (9.4%) YoY; specialty gross margin 19.8%.
- Operating cash flow $78M; free cash flow $73M; net debt $107M, net leverage 0.5x.
- Board authorized new $100M share repurchase program; $18M repurchased in Q3.
- Q4 outlook: specialty gross margin 18%-19%; structural gross margin 9%-10%.