NYSE$BXC
BlueLinx Holdings Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
BlueLinx reported first quarter results with net sales exceeding $1 billion and a record net income of $62 million.
BlueLinx Holdings Inc. reported strong first-quarter results, with net sales reaching $1.0 billion, the highest Q1 since 2006, and a record net income of $62 million. The company's performance was driven by continued strength in residential construction and home renovation, as well as price escalations in many of its products.
- Net sales increased by $363 million, or 55%, to $1.0 billion.
- Gross margin increased 350 basis points to 17.6%.
- Net income was $62 million, an increase of $63 million.
- Adjusted EBITDA improved by $87 million to $107 million.
Headline financials
Revenue & EPS history
BlueLinx · Revenue · Quarterly
$1.03B
Revenue by segment
BlueLinx · $1.03B total across 2 segments · Q1 2021
- Specialty Products$563M—54.9%
- Structural Products$462M—45.1%
Forward guidance
BlueLinx remains committed to its strategic priorities that include sales growth, margin expansion, strategic product emphasis and continuous improvements in operational efficiency.
Tailwinds
- Committed to driving sustained sales growth and margin expansion through increased penetration of the national dealer, home center and local markets.
- Continued to invest in resources and analytical tools to support its disciplined pricing strategies and has expanded sales support for these key customer segments.
- Focused on delivering specialized, higher-value products, in which two-step distribution plays a key role.
- Committed to further building its relationships with marquee brands through its valued supplier partners, while investing in products with low disintermediation risk.
- Emphasizes continuous improvement in its operational processes through project initiatives and investments in fleet, facility optimization, and technologies.
Headwinds
- Higher raw material costs impacted construction activity during the first quarter.
- Adverse weather conditions impacted construction activity during the first quarter.
- Key North American mills continue to have supply constraints.
- Total U.S. monthly supply of homes for sale increased from year-end levels but remain constrained.
- Increases in materials costs and delivery times have impacted short-term builder sentiment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.6%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+7.0%
Avg return
30 days after
50%
32 / 64 earnings
Positive
+39.7%
Q1 2022
Best reaction
-44.5%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.7% | +8.0% | +6.3% | |
| Q4 2025 | -3.8% | -7.6% | -26.2% | |
| Q3 2025 | +1.9% | -6.4% | -5.2% | |
| Q1 2025 | -2.1% | -0.8% | +2.7% | |
| Q4 2024 | -7.7% | -17.8% | -19.3% | |
| Q3 2024 | +5.5% | +2.7% | +17.0% | |
| Q2 2024 | -1.9% | -15.6% | -18.8% | |
| Q1 2024 | -9.8% | -8.1% | -9.3% | |
| Q4 2023 | -3.4% | -0.6% | +10.4% | |
| Q3 2023 | +9.5% | +13.9% | +24.7% | |
| Q2 2023 | -8.4% | -7.3% | -5.3% | |
| Q1 2023 | +7.3% | +3.0% | +19.0% | |
| Q4 2022 | -7.9% | -9.2% | -24.5% | |
| Q3 2022 | -7.5% | -10.2% | -0.1% | |
| Q2 2022 | -2.9% | -6.5% | -13.9% | |
| Q1 2022 | +39.7% | +37.4% | +20.8% | |
| Q4 2021 | -12.1% | +1.9% | -7.0% | |
| Q3 2021 | +23.6% | +39.4% | +58.1% | |
| Q2 2021 | +13.9% | +37.1% | +37.9% | |
| Q1 2021 | +0.6% | +25.4% | -10.9% | |
| Q3 2020 | +2.4% | +6.9% | +20.3% | |
| Q2 2020 | +27.6% | +30.1% | +59.3% | |
| Q1 2020 | +9.0% | +4.1% | +57.5% | |
| Q4 2019 | -25.5% | -16.2% | -32.6% | |
| Q3 2019 | -44.5% | -47.3% | -70.4% | |
| Q2 2019 | +11.8% | +12.6% | +27.1% | |
| Q1 2019 | +8.4% | +1.1% | -15.8% | |
| Q4 2018 | -18.2% | -17.3% | -22.1% | |
| Q3 2018 | -6.8% | -10.8% | -8.3% | |
| Q2 2018 | +19.7% | +9.9% | +13.6% | |
| Q1 2018 | -4.4% | -2.3% | +1.7% | |
| Q4 2017 | +5.4% | +4.6% | +115.5% | |
| Q3 2017 | +3.6% | +0.6% | +10.0% | |
| Q2 2017 | +8.5% | +3.0% | +1.7% | |
| Q1 2017 | -9.7% | -10.8% | -5.7% | |
| Q4 2016 | +6.4% | +5.8% | +31.9% | |
| Q3 2016 | +1.1% | +2.9% | +4.1% | |
| Q2 2016 | +22.9% | +25.2% | +23.1% | |
| Q1 2016 | +4.3% | — | — | |
| Q4 2015 | +19.3% | — | — | |
| Q3 2015 | -10.0% | — | — | |
| Q2 2015 | +0.7% | — | — | |
| Q1 2015 | -1.8% | — | — | |
| Q4 2014 | -0.9% | — | — | |
| Q3 2014 | -3.2% | — | — | |
| Q2 2014 | +17.0% | — | — | |
| Q1 2014 | -4.3% | — | — | |
| Q4 2013 | -3.9% | — | — | |
| Q3 2013 | -7.5% | — | — | |
| Q2 2013 | -13.2% | — | — | |
| Q1 2013 | -6.9% | — | — | |
| Q4 2012 | -4.6% | — | — | |
| Q3 2012 | +1.4% | — | — | |
| Q2 2012 | +6.6% | — | — | |
| Q1 2012 | +2.5% | — | — | |
| Q4 2011 | +11.7% | — | — | |
| Q3 2011 | -6.5% | — | — | |
| Q2 2011 | -4.1% | — | — | |
| Q1 2011 | +2.3% | — | — | |
| Q4 2010 | -3.9% | — | — | |
| Q3 2010 | +1.2% | — | — | |
| Q2 2010 | +0.8% | — | — | |
| Q1 2010 | -7.5% | — | — | |
| Q4 2009 | +1.6% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro