BlueLinx Holdings has reported preliminary results for its fourth fiscal quarter, with expected revenues at approximately $440 million, an increase of 12.5% from $391.1 million for the fourth quarter of fiscal 2011.
Net loss for the quarter, which ended Dec. 29, 2012, was reported in per-share figures. BlueLinx expects to report a fourth-quarter net loss per diluted share in the range of $0.16 to $0.22. This compares with a net loss of $0.17 per diluted share for the fourth quarter of fiscal 2011.
Gross profit margin for the quarter is expected to be approximately 11.9%, compared with 12.3% for the fourth quarter of fiscal 2011. The net loss included a pre-tax net gain of $0.2 million, or $0.00 per diluted share, and $3.9 million, or $0.07 per diluted share, from significant special items in the fourth quarter of 2012 and 2011, respectively.
For the full year ended Dec. 29, 2012, the Atlanta-based distributor expects to report a net loss per diluted share in the range of $0.35 to $0.41, compared with a net loss of $0.89 per diluted share in fiscal 2011. Revenues are expected to be approximately $1.91 billion for fiscal year 2012, an increase of 8.5% from $1.76 billion for the previous fiscal year.
Gross profit margin for fiscal 2012 is expected to be approximately 12.1%, compared with 12.0% in fiscal 2011. Net loss included a pre-tax net gain of $10.4 million, or $0.17 per diluted share, and $12.6 million, or $0.29 per diluted share, from significant special items in fiscal 2012 and fiscal 2011, respectively.
“We are excited about BlueLinx’ prospects in the recovering housing market and the continued favorable trends in housing fundamentals experienced through the fourth quarter,” said George Judd, president and CEO. “Year-over-year revenues grew for the sixth consecutive quarter in the fourth quarter of 2012.” Judd also expressed “positive momentum” as the company enters the 2013 fiscal year.
Revolving credit facilities and mortgage indeb