secwatch.observer — SEC 8-K summary
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Issuer:     BlueLinx Holdings Inc. (BXC)
CIK:        0001301787
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001301787-24-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlueLinx Q2 net income falls to $14M from $24M YoY; structural margins compress
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- Net sales $768M (-6% YoY); net income $14M ($1.65 diluted EPS) vs $24M ($2.70) prior year.
- Adjusted EBITDA $34M (4.5% of sales) down from $49M (6.0%) YoY.
- Specialty gross margin 19.3% (benefited from duty adjustment; ex-item 18.9%); structural margin 7.9% vs 11.0% YoY.
- Operating cash flow $36M, free cash flow $29M; $15M in share repurchases during quarter.
- Q3 outlook: specialty gross margin 18-19%, structural 8-9%; average daily sales volumes improved vs Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301787/000130178724000023/0001301787-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301787/000130178724000023/bxc-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001301787-24-000023

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