NYSE$BXC
BlueLinx Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Delivered strong results driven by sales growth and margin expansion.
BlueLinx Holdings Inc. reported a net sales increase of 9% to $1.1 billion, with specialty product sales growing 13%. Gross profit increased 24% to $189 million, and net income rose to $60 million, resulting in diluted earnings per share of $6.38, a 35% increase. The company generated $143 million in operating cash and $130 million in free cash flow, reducing net leverage to 0.7x and increasing available liquidity to $576 million.
- Net sales increased by 9% year-over-year to $1.1 billion.
- Specialty product sales grew by 13% year-over-year, accounting for 68% of total sales.
- Diluted earnings per share increased by 35% year-over-year to $6.38.
- Operating cash flow reached a record level of $143 million.
Headline financials
Revenue & EPS history
BlueLinx · Revenue · Quarterly
$1.06B
Revenue by segment
BlueLinx · $1.06B total across 2 segments · Q3 2022
- Specialty Products$724M+12.9%68.3%
- Structural Products$336M+1.8%31.7%
Forward guidance
Excluding Vandermeer acquisition, specialty product gross margin was approximately 20% through the first four weeks of Q4 2022, with volume down modestly from Q3 2022. Structural product sales volumes were consistent with Q3 2022, with gross margin in a range of 9% to 10%.
Tailwinds
- Specialty product gross margin was approximately 20% through the first four weeks of Q4 2022.
- Structural product sales volumes were consistent with Q3 2022.
- Gross margin for structural products is expected to be in the range of 9% to 10%.
- Company will continue to evaluate market pricing for wood-based commodities and adjust accordingly.
- Vandermeer Forest Products acquisition provides a platform for growth in the Pacific Northwest.
Headwinds
- Specialty product volume was down modestly from Q3 2022 reflecting historical seasonality.
- Current macro-economic environment is challenging.
- Market pricing for wood-based commodities requires continuous evaluation and adjustment.
- Potential for continued volatility in wood-based commodity pricing.
- Uncertainty regarding the full impact of the macro-economic environment on future performance.
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 2022
+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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