BlueLinx Q1 net sales $726M (-9% YoY), adjusted EPS $2.14, includes $7M duty benefit

BlueLinx Holdings Inc.

2024-Q1 EPS reported $2.00 revenue$726,244,000

Net sales $726M, -9% YoY; net income $17M ($2.00 diluted EPS); adjusted net income $19M ($2.14 adjusted diluted EPS).
Gross margin improved 90 bps to 17.6%; specialty margin 20.7% (includes $7M import duty benefit from prior periods).
Adjusted EBITDA $39M (5.3% of sales), down from $47M; excluding duty benefit, Adj. EBITDA $32M.
Available liquidity $828M; net debt ($133)M; $91.4M share repurchase authorization remaining.
Q2 to date: specialty gross margin 18-19%, structural 10-11%; daily sales volumes slightly improved vs Q1.

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 0.95

BlueLinx Holdings Inc. reported the fiscal first quarter ended March 30, 2024 results: revenue $726 million, net income $17 million, EPS $2.00 diluted earnings per share.

Period: the fiscal first quarter ended March 30, 2024
Revenue: $726 million
Net income: $17 million
EPS: $2.00 diluted earnings per share
Result: reported results

Exact text from the filing

leading U.S. wholesale distributor of building products, today reported financial results for the three months ended March 30, 2024. FIRST QUARTER 2024 HIGHLIGHTS • Net sales of $726 million • Gross profit of $128 million, gross margin of 17.6% and specialty products margin of 20.7%, which includes a net benefit of approximately $7 million related to import duties

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Source: SEC EDGAR

accession 0001301787-24-000015

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