BlueLinx Holdings Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023
August 01, 2023 at 04:35 pm EDT
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BlueLinx Holdings Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 815.97 million compared to USD 1,239.38 million a year ago. Net income was USD 24.47 million compared to USD 71.27 million a year ago. Basic earnings per share from continuing operations was USD 2.7 compared to USD 7.64 a year ago. Diluted earnings per share from continuing operations was USD 2.7 compared to USD 7.48 a year ago.
For the six months, sales was USD 1,613.87 million compared to USD 2,541.68 million a year ago. Net income was USD 42.28 million compared to USD 204.68 million a year ago. Basic earnings per share from continuing operations was USD 4.67 compared to USD 21.49 a year ago. Diluted earnings per share from continuing operations was USD 4.67 compared to USD 21.07 a year ago.
BlueLinx Holdings, Inc. is a wholesale distributor of residential and commercial building products in the United States. The Company provides both branded and private-label stock keeping units (SKUs) across product categories, such as lumber, panels, engineered wood, siding, millwork, and industrial products. The Company distributes its products in two principal categories: specialty products and structural products. Its specialty products include items such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products. Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh and other wood products primarily used for structural support in construction projects. The Company also offers a range of value-added services and solutions to its customers and suppliers, including inventory stocking; intermodal distribution services; milling and fabrication services, and backhaul services.