secwatch.observer — SEC 8-K summary
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Issuer:     BlueLinx Holdings Inc. (BXC)
CIK:        0001301787
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001301787-24-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301787/000130178724000015/0001301787-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301787/000130178724000015/bxc-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001301787-24-000015

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