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Home » BlueLinx Second Quarter Sales Up 28%

BlueLinx Second Quarter Sales Up 28%

By    MDM  Staff 
August 5, 2010
More about:  Building Materials/Construction
The building materials distributor recorded a second quarter loss of $3.4 million.
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Atlanta, GA-based BlueLinx Holdings Inc. (NYSE: BXC) reported sales for the second quarter ended July 3, 2010, were $540.8 million, an increase of 27.7 percent over the same period a year ago. The distributor of building material products recorded a net loss of $3.4 million, compared to a year-ago net loss of $0.6 million.

For the first six months, net loss totaled $18.1 million on sales of $971.8 million, compared with a net loss of $60 million on sales of $830.6 million a year ago.

"The second-quarter business climate was characterized by unprecedented volatility in the structural wood-based products market and a sluggish recovery of demand for products related to new home construction." said BlueLinx President and CEO George Judd. "Despite this challenging environment, we performed well as we grew our unit volume by 11.9% and increased our gross profit by 32.8%. We also remained focused on cost management reducing our selling, general and administrative expenses to 10.6% of sales."

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