BlueLinx reports third-quarter results

BlueLinx Holdings reported $1.02 billion in sales for its third fiscal quarter, a 15.6 percent decline from sales of $1.20 billion a year ago. Net income for the quarter, which ended on Sept. 29, totaled $890,000, compared to $2.3 million in the third quarter of 2006.

“Our business environment deteriorated significantly in the third quarter as demand declined sharply,” said CEO Stephen Macadam.

Overall, third-quarter unit volume for the company’s estimated weighted end-use markets fell 12.4 percent from a year ago, driven by a 24 percent drop in housing starts and a 10.6 percent decline in the repair and remodel market.

Headquartered in Atlanta, BlueLinx distributes building materials through a network of more than 70 warehouses throughout the United States and Canada.

Want to read more?
This content is available only to registered users. Log in to read the rest of this article or create a free account.
© 2014 Home Channel News. All Rights Reserved.