secwatch.observer — SEC 8-K summary
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Issuer:     BlueLinx Holdings Inc. (BXC)
CIK:        0001301787
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001301787-25-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlueLinx Q1 net income drops 84% to $2.8M; gross margin 15.7% vs 17.6% YoY
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- Net sales $709M (-2% YoY); net income $2.8M ($0.33 diluted EPS) vs $17.5M ($2.00) YoY.
- Adjusted net income $2.3M ($0.27 adj dil EPS); Adjusted EBITDA $19.6M (2.8% sales) vs $38.8M (5.3%) YoY.
- Specialty gross margin 18.7% (down 200 bps); structural gross margin 9.3% (down 130 bps).
- $15M in share repurchases in Q1; $31M remaining on authorization; available liquidity $795M.
- Q2 outlook: specialty gross margin 17-18%, structural 9-10%; average daily sales improved vs Q1 and Q2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301787/000130178725000020/0001301787-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301787/000130178725000020/bxc-20250429.htm
  HTML page:      https://secwatch.observer/filing/0001301787-25-000020

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