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Bluelinx Holdings Inc. (BXC)
NYSE:BXC
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.52Last Year’s EPS
$2.94Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 3.23%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong volume growth and solid gross margins despite significant price deflation and challenging market conditions. The company's financial position remains robust with strong liquidity and continued share repurchase efforts. However, macroeconomic challenges, including a volatile housing market and persistent high mortgage rates, present ongoing challenges. The sentiment is balanced due to both positive internal performance metrics and external economic pressures.Company Guidance
The guidance provided during BlueLinx Holdings' Q3 2024 earnings call emphasized strategic growth initiatives and financial performance amidst a challenging economic backdrop. The company reported net sales of $747 million and an adjusted EBITDA of $36.6 million, achieving a 4.9% adjusted EBITDA margin. Specialty products contributed approximately 70% of net sales and 80% of gross profit, although revenues in this segment declined by 7% year-over-year due to price deflation. Despite these challenges, BlueLinx maintained strong gross margins of over 19% for specialty products and 11% for structural products. The company also highlighted its focus on expanding key specialty product categories and digital transformation efforts, with Phase 1 expected to complete by Q3 2025. Additionally, the management discussed the impact of Hurricanes Helene and Milton on their facilities, noting significant damage at the Erwin, Tennessee location, which will largely be covered by insurance. BlueLinx plans to continue leveraging nearby distribution centers to meet customer needs while rebuilding the Erwin distribution center. The call also addressed the broader housing market, highlighting low housing turnover and affordability issues as ongoing challenges, with expectations for recovery towards the back half of 2025.Strong Gross Margins in Specialty and Structural Products
Achieved gross margins of over 19% in specialty products and 11% in structural products despite price deflation.
Successful Volume Growth in Key Categories
Drove solid volume growth in specialty product categories such as millwork and engineered wood products.
Positive Financial Position and Liquidity
Strong liquidity with $873 million available, cash on hand increased to $526 million, and a negative net leverage ratio of 1.2x.
Continued Share Repurchase Efforts
Repurchased $15 million in shares during Q3, with over $138 million repurchased since 2022.
Encouraging Sequential Improvement in Q4
Sequential improvement in specialty product pricing and structural product gross margins expected at 9%-10% for Q4.
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BXC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BXC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $103.43 | $112.88 | +9.14% |
| Jul 30, 2024 | $120.88 | $120.59 | -0.24% |
| Apr 30, 2024 | $109.67 | $100.59 | -8.28% |
| Feb 20, 2024 | $117.10 | $114.85 | -1.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bluelinx Holdings Inc. (BXC) report earnings?
Bluelinx Holdings Inc. (BXC) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Bluelinx Holdings Inc. (BXC) earnings time?
Bluelinx Holdings Inc. (BXC) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BXC EPS forecast?
BXC EPS forecast for the fiscal quarter 2024 (Q4) is $0.52.
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