BlueLinx Q2 Revenues +3%

[Thursday, August 02, 2012]  BlueLinx Holdings Inc., a leading distributor of building products in North America, today reported financial results for the second quarter ended June 30, 2012.

Revenues for the second quarter increased 3.2% to $517.0 million from $500.8 million for the same period a year ago. The increase in revenue is attributable to increased underlying product prices for both specialty and structural product categories. Overall unit volume declined 1.3% compared to the same period a year ago as seasonal demand was pulled forward by favorable weather experienced during the first quarter of fiscal 2012 and the Company focused on improving gross profit through profitable revenue growth.

The Company incurred a net loss of $3.7 million, or $0.06 per diluted share, for the second quarter of 2012, compared to a net loss of $9.8 million, or $0.31 per diluted share, for the second quarter of 2011. Reported operating income for the quarter was $3.9 million, compared with an operating loss of $1.8 million a year ago. Read More ...