BlueLinx reports Q3 EPS 45c, consensus 51c

Reports Q3 revenue $749M, consensus $757.2M. “Our third quarter results demonstrated continued resilience as we implement our long-term profitable sales growth strategy,” said Shyam Reddy, President and Chief Executive Officer of BlueLinx (BXC). “We were also pleased to see an increase in consolidated net sales, as well as an increase in specialty product net sales and volumes, while overall pricing continues to improve for this business. Structural products benefited from a year-over-year increase in lumber prices, although panel pricing continued to see pressure during the quarter. In addition, the acquisition of Disdero Lumber Company highlights our strategy to complement organic growth with disciplined M&A, and will significantly boost our presence in premium specialty products categories. We look forward to leveraging our scale and relationships to further expand this successful high-end brand.”