The 2020 Mid-Year Economic Update_long

BlueLinx Holdings Loss Lessens in Fourth Quarter

Sales for the distributor of building products increased 6.3 percent in the quarter.

BlueLinx Holdings Inc. (NYSE: BXC), Atlanta, GA, a distributor of building products in North America, reported sales for the fourth quarter were $391.1 million, up 6.3 percent from the fourth quarter of 2010. The company incurred a net loss of $10.3 million, compared to a year-ago net loss of $20.2 million.


For the full year 2011, sales were $1.76 billion, down 2.7 percent in a year-over-year comparison. Net loss for 2011 totaled $38.6 million, compared with a loss of $53.2 million a year ago.

In the fourth quarter, specialty sales increased 8.7 percent driven by a 6.6 percent increase in unit volume as the company continues its focus on these value-added products. Structural sales increased 7 percent driven by a 2.8 percent increase in unit volume and increases in product selling prices.

\”While annual housing starts in 2011 were once again weaker than expected, I am pleased that we were able to narrow our operating loss for the year by approximately $16 million,\” said George Judd, president and CEO. \”A lot of work remains in order for us to return to profitability, but I am confident that we are up to the task.\”

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