The 2020 Mid-Year Economic Update_long

BlueLinx Holdings 4Q Sales Decline 27%

The distributor of building products recorded a quarterly profit of $12 million, compared to a year-ago loss of $25.1 million.

Atlanta, GA-based BlueLinx Holdings Inc. (NYSE: BXC), a distributor of building products in North America, reported sales for the fourth quarter were $366.1 million, a decrease of 27% from the year-ago period, primarily driven by a 20% decline in housing starts relative to year-ago levels. Profit was $12.0 million, compared to a net loss of $25.1 million for fourth quarter 2008.

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\”While conditions remain difficult, I believe that we have reached the bottom of this four-year decline,\” said George Judd, president and CEO. \”As we move forward in 2010, we are confident in our ability to both increase our share of the market and maintain the operating discipline that we demonstrated throughout 2009.\”

For the full year ended Jan. 2, 2010, net loss totaled $61.5 million on revenues of $1.65 billion, compared with a net loss of $31.7 million on revenues of $2.8 billion a year ago. Housing construction activity fell 39% in the period.

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