BlueLinx reports Q2 adjusted EPS 70c, consensus $1.06

Reports Q2 revenue $780M, consensus $782M. “We are pleased with the continued execution of our product and channel strategies. Our second quarter results were highlighted by net sales and volume increases in both specialty products and structural products, despite soft market conditions,” said Shyam Reddy, President, and Chief Executive Officer of BlueLinx (BXC). “We were also pleased with our solid specialty product margins in a competitive pricing environment. Structural product margins benefited from an increase in lumber prices, partially offset by a significant decline in panel prices during the quarter. While current market conditions remain challenging, we will continue executing our long-term profitable sales growth strategy to yield market share gains in multi-family and other strategic areas of focus.”