BlueLinx reports lower Q2
BlueLinx Holdings, the Atlanta-based building distributor, reported $1.08 billion in revenues for its second quarter, which ended on June 30. This reflects a 21.5 percent decline when compared to revenues of $1.38 billion for the corresponding period a year ago.
Net income for the second quarter was $5.4 million, compared to $9.6 million a year ago.
For the first six months of the fiscal year, the company’s sales were $2.04 billion, compared to $2.76 billion in the same period a year ago. Net income for the six-month period totaled $5.2 million, compared to $19.4 million during the first six months of fiscal 2006.
“The ongoing correction in the housing market continued to weigh on much of our business during the quarter,” said Stephen Macadam, CEO of BlueLinx. “This challenging environment is continuing into the second half of 2007, and we do not see any signs of recovery on the horizon for our housing related business.”