NYSE$BXC
BlueLinx Holdings Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
BlueLinx reported an 11% increase in net sales and a 14% decrease in net income.
BlueLinx Holdings Inc. reported strong third-quarter results with increased net sales and robust cash flow generation. The company's specialty product sales grew, but structural product gross margins were impacted by declining commodity wood prices. BlueLinx continued to reduce its net leverage and completed a senior secured notes offering.
- Net sales increased by 11% to $971 million.
- Net income decreased by 14% to $47 million.
- Cash flow from operations increased by 70% to $104 million.
- Net leverage ratio reduced to 1.3x for the sixth consecutive quarter.
Headline financials
Revenue & EPS history
BlueLinx · Revenue · Quarterly
$971M
Revenue by segment
BlueLinx · $971M total across 2 segments · Q3 2021
- Specialty Products$641M+29.2%66.0%
- Structural Products$330M-12.0%34.0%
Forward guidance
The demand outlook for construction materials remains strong, with expectations for continued growth in domestic new home construction and renovation activity over a multi-year period.
Tailwinds
- Domestic residential construction activity remained elevated, contributing to sustained demand for construction materials across the Company’s end-markets.
- Specialty products gross margin in October remained consistent with the third quarter given continued robust demand and favorable pricing dynamics across key product categories.
- Structural products gross margin for October was in the low double digits, up sharply versus third quarter.
- BlueLinx is currently focused on enhancing the customer experience.
- BlueLinx expects to pursue a revenue mix increasingly weighted toward higher-margin, in-demand specialty product categories.
Headwinds
- Volumes of product sold
- Changes in the prices, supply, and/or demand for products that we distribute
- Housing market conditions
- The COVID-19 pandemic and other contagious illness outbreaks and their potential effects on our industry
- Effective inventory management relative to our sales volume or the prices of the products we produce
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 Q3 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% | — | — |
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