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.\”

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.