Atlanta-based BlueLinx Holdings Inc. (NYSE:BXC), a distributor of building products, today reported sales for the first quarter ended March 30, 2013, were up 10.9 percent to $503.2 million from a year ago.
The distributor had a net loss of $12.6 million.
"While our business is off to a good start in several parts of the country, our specialty sales declined in two of our largest regions, both of which greatly benefited from last year's early spring,” said George Judd, president and CEO. “Wood-based structural product prices have risen significantly and we experienced increased demand in regions with less severe winters. We believe that the sustained growth in both housing starts and permits will continue, which will in turn drive growth in other areas such as repair and remodeling. BlueLinx is well positioned to grow in all regions as we move into the spring."
