earnings
confidence high
sentiment negative
materiality 0.75
BlueLinx Q3 net sales $747M (-8% YoY), diluted EPS $1.87, adjusted EBITDA $37M (4.9% of sales)
BlueLinx Holdings Inc.
2024-Q3 EPS reported
$5.53
revenue$2,241,895,000
- Net income $16M, diluted EPS $1.87; adjusted EPS $1.95 vs $2.98 a year ago.
- Specialty product sales $519M (-7.1% YoY), gross margin 19.4% including $3.5M duty benefit.
- Structural product sales $228M (-9.1% YoY), gross margin 11.0% aided by $2.4M inventory write-down sale.
- Free cash flow $54M; $526M cash; $61M left on $100M share buyback authorization.
- Q4 outlook: specialty gross margin 18-19%, structural 9-10%, daily sales volumes slightly improved.