NYSE$BXC

BlueLinx Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

BlueLinx reported its financial results for the fourth quarter and full year ended December 28, 2024.

BlueLinx reported strong margin performance in Q4 2024, with net sales of $711 million and gross profit of $113 million. Specialty products maintained strong gross margins and volume growth, while structural products saw improved lumber pricing. The company maintained strong liquidity and continued share repurchases.

  • Net sales for Q4 2024 were $711 million, a slight decrease of 0.3% year-over-year.
  • Gross profit for Q4 2024 was $113 million, with a gross margin of 15.9%.
  • Net income for Q4 2024 was $5.3 million, or $0.62 diluted earnings per share.
  • Adjusted EBITDA for Q4 2024 was $22 million, representing 3.0% of net sales.

Headline financials

Total Revenue

$711M

Previous: $713M-0.3%
EPS (adj)

$0.61

Previous: $2.94-79.3%
Gross Margin

15.9%

Previous: 16.6%-4.2%
Adjusted EBITDA

$21.5M

Previous: $36.5M-40.9%
Specialty Gross Margin

18.4%

Previous: 19.4%-5.2%
Structural Gross Margin

10.8%

Previous: 10.6%+1.9%
Adjusted EBITDA Margin

3.0%

Previous: 5.1%-41.2%
Net Leverage Ratio

0.7

No prior period
Net Leverage Ratio (Excl. RE)

-1.2

No prior period
Capital Expenditures

-$20.3M

Previous: -$8.58M-136.3%
Net Income

$5.27M

Previous: -$18.1M+129.1%
Operating Income

$12M

Previous: $27.2M-55.7%
Gross Profit

$113M

Previous: $118M-3.9%

Revenue & EPS history

BlueLinx · Revenue · Quarterly

$711M

Q4 2024-0.3%vs Q4 2023
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

BlueLinx · $810M total across 2 segments · Q3 2023

  • Specialty Products
    $559M-22.8%
  • Structural Products
    $251M-25.3%

Forward guidance

Through the first seven weeks of Q1 2025, specialty product gross margin is expected to be 18-19%, and structural product gross margin 8-9%. Average daily sales volumes were down approximately 12% due to severe weather conditions.

Tailwinds

  • Specialty product gross margin is expected to remain strong, in the range of 18% to 19%.
  • Structural product gross margin is expected to be in the range of 8% to 9%.
  • The company plans to continue opportunistic share repurchases.
  • Strong liquidity and minimal net debt position the company well for long-term sales growth.
  • Continued focus on customer service proposition and strategy is expected to drive solid results.

Headwinds

  • Average daily sales volumes were down approximately 12% versus Q4 2024.
  • Severe weather conditions in January impacted a significant portion of the distribution footprint.
  • Price deflation driven by external market conditions impacted specialty product sales in the prior quarter.
  • Slight volume decreases in structural products were noted in the prior quarter.
  • Increased payroll, payroll-related, and logistics expenses were observed in the prior quarter.

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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