Fourth-quarter revenues at BlueLinx Holdings increased 0.5% to $367.9 million from $366.1 million for the same period a year ago.
The increase reflects a 7.4% increase in specialty product sales and a 9.5% decrease in structural product sales. Still, the company swung to a fourth-quarter loss of $20.2 million, compared with net income of $12.0 million in last year's fourth quarter.
"BlueLinx's fourth-quarter operational performance was impacted by the continuing difficult conditions of the housing and construction markets, as the recovery slowed down and we experienced the normal seasonal slowdown associated with our fourth quarter," said BlueLinx president and CEO George Judd. "In the face of this challenging operating environment, our financial results demonstrate modest revenue growth, strong gross margin performance and diligent cost management. We generated approximately $18 million in cash from operations during the quarter."
Overall unit volume declined 4.3%