BlueLinx Sales Up 87.2% in 2Q - Modern Distribution Management

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BlueLinx Sales Up 87.2% in 2Q

Building materials distributor BlueLinx Holdings also reported a profit of $113.5 million for the quarter.

BlueLinx Holdings Inc., (NYSE: BXC), Marietta, Georgia, reported sales for the second quarter of $1.3 billion, an increase of 87.2% year-over-year. The company reported a profit of $113.5 million, up from a profit of $6.7 million in the prior-year quarter.

“We continued our business transformation during the second quarter, while capitalizing on elevated demand within our core residential construction and home renovation markets,” stated Dwight Gibson, president and CEO of BlueLinx. “Our performance-driven culture, emphasis on long-term customer and supplier relationships at both national and local levels and our strategic product and service offerings, represent a durable and meaningful value proposition in a highly fragmented market.

“Our record-setting second quarter performance was driven by a combination of product price escalations, overall volume growth within our specialty products business and an improved sales mix. Supply-demand imbalances continued to persist across our specialty categories throughout the second quarter, resulting in a succession of supplier price increases that allowed the company to expand its margins. We expect that demand for key specialty categories will continue to outpace supply for the remainder of the current year and likely into the first half of 2022.”

For the first six months, the company reported sales of $2.3 billion, up 71.5% from the same period in 2020. BlueLinx reported a profit of $175.3 million, up from a profit of $5.9 million in the same period last year.

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