BlueLinx reports third-quarter results
BlueLinx Holdings reported $1.02 billion in sales for its third fiscal quarter, a 15.6 percent decline from sales of $1.20 billion a year ago. Net income for the quarter, which ended on Sept. 29, totaled $890,000, compared to $2.3 million in the third quarter of 2006.
“Our business environment deteriorated significantly in the third quarter as demand declined sharply,” said CEO Stephen Macadam.
Overall, third-quarter unit volume for the company’s estimated weighted end-use markets fell 12.4 percent from a year ago, driven by a 24 percent drop in housing starts and a 10.6 percent decline in the repair and remodel market.
Headquartered in Atlanta, BlueLinx distributes building materials through a network of more than 70 warehouses throughout the United States and Canada.