BlueLinx Holdings Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:29 pm EDT
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BlueLinx Holdings Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 809.98 million compared to USD 1,060.76 million a year ago. Net income was USD 24.38 million compared to USD 59.51 million a year ago. Basic earnings per share from continuing operations was USD 2.72 compared to USD 6.44 a year ago. Diluted earnings per share from continuing operations was USD 2.71 compared to USD 6.38 a year ago.
For the nine months, sales was USD 2,423.85 million compared to USD 3,602.45 million a year ago. Net income was USD 66.66 million compared to USD 264.19 million a year ago. Basic earnings per share from continuing operations was USD 7.39 compared to USD 28.03 a year ago. Diluted earnings per share from continuing operations was USD 7.38 compared to USD 27.82 a year ago.
BlueLinx Holdings, Inc. is a wholesale distributor of residential and commercial building products in the United States. The Company provides both branded and private-label stock keeping units (SKUs) across product categories, such as lumber, panels, engineered wood, siding, millwork, and industrial products. The Company distributes its products in two principal categories: specialty products and structural products. Its specialty products include items such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products. Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh and other wood products primarily used for structural support in construction projects. The Company also offers a range of value-added services and solutions to its customers and suppliers, including inventory stocking; intermodal distribution services; milling and fabrication services, and backhaul services.