BlueLinx Revenues Drop 17% in 3Q
BlueLinx Holdings Inc., Atlanta, GA, distributor of building products in North America, reported a drop of 17% in revenues to $1.2 billion for the third quarter ended Sept. 30, 2006. Profit was $2.3 million, compared with $13.9 million in the year-ago period.
The revenue decline reflects a 26.8% drop in structural product sales and a 1.1% sales decline in specialty products. About two-thirds of the decline in structural product sales resulted from 17% decrease in unit volume related to a demand slowdown. (Last year's September saw strong demand for structural products after Hurricanes Katrina and Rita.) The company has also worked to preserve structural product margins as wood-based product prices deteriorated through ...