secwatch.observer — SEC 8-K summary
======================================

Issuer:     BlueLinx Holdings Inc. (BXC)
CIK:        0001301787
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001301787-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301787/000130178724000007/0001301787-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301787/000130178724000007/bxc-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001301787-24-000007

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