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May 1, 2008

BlueLinx Records Net Loss of $10.6M in 1Q

BlueLinx Holdings Inc., Atlanta, GA, distributor of building products, reported a net loss of $10.6 million for the first quarter 2008, compared with a net loss of $189,000 in the year-ago period.
 
Sales fell 25.1% to $716.8 million. The drop reflects a 28.1% decline in structural product sales and a 22.5% sales decline in specialty products.
 
Structural and specialty unit volumes declined 27.8% and 22.3%, respectively, from year-ago levels. The sales decline was mainly due to lower unit volumes in both structural and specialty products driven predominately by a 30.2% decline in housing starts relative to year ago levels.

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