BlueLinx swings to profit
BlueLinx Holdings, a leading distributor of building products in North America, reported revenues of $496.8 million for their third fiscal quarter, a 5.1% increase over revenues of $472.9 million for the same quarter a year ago.
Net income for the third quarter, which ended Sept. 29, was $3.1 million, compared with a net loss of $6.2 million in the same quarter of 2011.
In a prepared statement, George Judd, president and CEO of BlueLinx, said: “Looking forward, we have increased optimism that our business will continue to improve as general economic factors and leading indicators for our business point to improving market conditions and we continue to execute our strategy.”
For the nine months ended Sept. 29, net loss for the Atlanta-based distributor totaled $11.7 million, compared with a loss of $28.3 million for the corresponding period a year ago. Revenues for the nine months totaled $1.47 billion, up 7.6% from $1.36 billion the same period in 2011.