Building Materials Distributor Bluelinx 1Q Earnings Up 1.8% to $1.38B
BlueLinx Holdings Inc., Atlanta, GA, distributor of building products in North America, reported revenues for the first quarter 2006 rose 1.8% to $1.38 billion from $1.35 billion for the first quarter 2005. The increase reflects a 15.7% increase in specialty product sales, partially offset by a 5.6% decline in structural product sales.
Specialty product sales were driven by a 14.9% increase in unit volume over the same period a year earlier. This unit-volume increase represented approximately 94% of the first-quarter specialty sales increase, with the remaining contribution resulting from higher prices. In structural products, declining product prices accounted for the majority of the sales decrease, while unit volume ...