BlueLinx Sales Fall 22.9% in 2Q - Modern Distribution Management

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BlueLinx Sales Fall 22.9% in 2Q

BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, reported sales for the second quarter ended June 28, 2008, were $835 million, a decline of 22.9% from the same period a year ago. Profit totaled $6.6 million, an increase of 22.2% over second quarter 2007.
 
The decline in revenue reflects a 26% drop in structural product sales and a 20% sales decline in specialty product sales from the year ago period.
 
For the six months ended June 28, 2008, BlueLinx reported a net loss of $4 million on revenues of $1.55 billion, compared with profit of $5.2 million on revenues of $2.04 billion a year ago.
 
While we are pleased with our results, we expect the current housing market downturn to continue through 2009," said Howard ...
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BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, reported sales for the second quarter ended June 28, 2008, were $835 million, a decline of 22.9% from the same period a year ago. Profit totaled $6.6 million, an increase of 22.2% over second quarter 2007.
 
The decline in revenue reflects a 26% drop in structural product sales and a 20% sales decline in specialty product sales from the year ago period.
 
For the six months ended June 28, 2008, BlueLinx reported a net loss of $4 million on revenues of $1.55 billion, compared with profit of $5.2 million on revenues of $2.04 billion a year ago.
 
While we are pleased with our results, we expect the current housing market downturn to continue through 2009,” said Howard Cohen, Interim CEO. “We remain focused on managing cash flow by tightly managing inventories, receivables and our operating expenses.”

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