BlueLinx Q4 net loss $18M on pension charge; FY net income sinks 83% to $49M

BlueLinx Holdings Inc.

2023-FY EPS reported $5.39 revenue$3,136,381,000

Q4 net loss $18M ($2.08 EPS) vs prior year net income $32M ($3.50 EPS); includes $30.4M one-time pension settlement.
Adjusted Q4 net income $26M ($2.94 diluted EPS); Adjusted EBITDA $36.5M (5.1% of sales) vs $63.1M (7.4%) prior year.
Full year 2023 net sales $3.1B, down 29.5% YoY; specialty products 70% of sales, 80% of gross profit.
Generated $279M free cash flow; repurchased $42M shares (6% of outstanding); available liquidity $868M, net debt $64M.
Q1 2024 first 7 weeks: specialty gross margin 18-19%, structural 10-11%; daily sales volumes down ~10% YoY due to weather.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BlueLinx Holdings Inc. reported year ended December 30, 2023 results: revenue $3.1 billion, net income $49 million, EPS $5.39 diluted earnings per share.

Period: year ended December 30, 2023
Revenue: $3.1 billion
Net income: $49 million
EPS: $5.39 diluted earnings per share
Result: reported results

Exact text from the filing

FULL YEAR 2023 HIGHLIGHTS (all comparisons are versus the prior year period unless otherwise noted) • Net sales of $3.1 billion • Gross profit of $527 million, gross margin of 16.8%, and specialty gross margin of 19.3% • Net income of $49 million, or $5.39 diluted earnings per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BlueLinx Holdings Inc. reported fiscal fourth quarter ended December 30, 2023 results: revenue $713 million, net income $18 million, EPS $2.08 earnings per share.

Period: fiscal fourth quarter ended December 30, 2023
Revenue: $713 million
Net income: $18 million
EPS: $2.08 earnings per share
Result: reported results

Exact text from the filing

FOURTH QUARTER 2023 HIGHLIGHTS (all comparisons are versus the prior year period unless otherwise noted) • Net sales of $713 million • Gross profit of $118 million, gross margin of 16.6% and specialty gross margin of 19.4% • Net loss of $18 million, or $2.08 earnings per share

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Source: SEC EDGAR

accession 0001301787-24-000007

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