AddThis

Loss widens at BlueLinx Holdings

Atlanta-based building products distribution giant BlueLinx Holdings is having some success in its emphasis on value-added specialty products, but it couldn't hold off total sales declines in the second quarter.

BlueLinx posted a loss of $9.8 million in the quarter ended July 2, compared with a net loss of $3.4 million in the same quarter last year. Revenues declined 7.4% to $500.8 million.

While structural product sales declined 27.1%, the company pointed to growth of specialty product as an achievement -- the category increased 10.7% in the quarter. CEO George Judd said the company successfully expanded its specialty products to more than 60% of total sales, and specialty product unit volumes increased 16.5% compared with a year ago -- a new record for quarterly volume growth in the category.

"In addition, we generated solid margins in the face of competitive pricing pressures, demonstrated diligent cost management and delivered high-quality customer service," Judd said. "I am pleased to see our specialty business responding to our targeted growth initiatives."


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.