Atlanta, GA-based BlueLinx Holdings Inc., distributor of building products, reported a net loss of $25.1 million for the fourth quarter ended Jan. 3, 2009, compared with a net loss of $34.1 million a year ago.
For the full year ended Jan. 3, the distributor's net loss was $31.7 million, compared with a net loss of $27.9 million last year. Sales for the year were $2.9 billion, down 27.5% from a year ago.
"The housing and building products markets continued to be challenging during the quarter as a result of the historic slump in the housing industry," said CEO George Judd. "During the quarter, and throughout the year, we remained focused on the areas we could control and continued to take measures to effectively manage our business in this difficult operating environment."
Revenues for BlueLinx's fourth quarter decreased 35.6% to $501.5 million from the year-ago period. The sales decrease reflects a 41.2% fall in structural product sales and a 26.9% decline in specialty products.