BlueLinx: Fourth Quarter Financial Overview

BlueLinx Holdings Inc. Reports Fourth-Quarter Loss

BlueLinx Holdings Inc., based in Marietta, Georgia, announced on Tuesday that it recorded a net loss of $8.6 million for the fourth quarter, reversing a profit from the same quarter last year.

The company reported a loss of $1.08 per share for the quarter. When excluding certain one-time items, the adjusted loss was 47 cents per share.

During the quarter, BlueLinx generated $715.8 million in revenue.

For the full year, the company posted a modest profit of $219,000, or 2 cents per share, with annual revenue remaining steady at approximately $2.95 billion.

Since the start of the year, BlueLinx shares have risen by 14%. However, as of the close of trading on Tuesday, the stock was priced at $70.18, reflecting a 14% decline over the past twelve months.

This article was produced by Automated Insights using data provided by Zacks Investment Research.