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BlueLinx Holdings Posts Q2 Results

BlueLinx Holdings Inc. (NYSE: BXC), Atlanta, GA, reported sales of $893 million and  posted a loss of $8.6 million for the second quarter of 2018.

Sales were up considerably when compared to the second quarter of 2017—88 percent—and reflect the distributor’s acquisition of Cedar Creek, which was completed in April.

Company President and CEO Mitch Lewis said that although it is still early in its 18-month integration of Cedar Creek, the company is confident it can generate at least $50 million in annual synergies.

BlueLinx reported sales of $1.3 billion and posted a loss of $22 million for the first six months of 2018.

 

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