BlueLinx Reports Narrower Loss in 4Q - Analyst Blog

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BlueLinx Holdings Inc. ( BXC ) reported its financial results for the fourth quarter and year 2012 on February 13, 2013. The company reported adjusted loss per share of 12 cents in the quarter compared with a loss of 15 cents reported in the year-ago quarter.

For 2012, adjusted net loss reported was 34 cents per share, an improvement over a loss of 76 cents reported in 2011.

Total revenue in the quarter jumped 12.6% year over year to $440.3 million while for 2012, revenue totalled to $1.908 billion, reflecting an increase of 8.7% year over year.

Gross profits in the fourth quarter climbed 8.7% year over year and came in at $52.1 million while gross margin settled at 11.8%. As a percentage of revenue, selling, general and administrative expenses represented 12.4%, 10 basis points over the year-ago quarter.

Exiting the fourth quarter 2012, the company's cash and cash equivalents stood at $5.2 million compared with $4.9 million in 2011 while long-term debt balance was at $368.4 million, up 12.1% year over year.

Cash used in operating activities in 2012 was $74.3 million, roughly 47.5% in excess of the cash used in 2011. The company spent roughly $2.8 million on purchasing property, plant and equipment compared with $6.5 million spent in 2011.

BlueLinx Holdings Inc. is one of the leading distributors of building products in North America. The company is headquartered in Atlanta, Georgia and currently has a market capitalization of $206.4 million.

The stock currently carries a Zacks Rank #3 (Hold). Other stocks to watch out for in the industry are Louisiana-Pacific Corp. ( LPX ) with a Zacks Rank #1(Strong Buy) while Beacon Roofing Supply, Inc. ( BECN ) and Builders FirstSource, Inc. ( BLDR ) have a Zacks Rank #2 (Buy).



BEACON ROOFING (BECN): Free Stock Analysis Report

BUILDERS FIRSTS (BLDR): Free Stock Analysis Report

BLUELINX HLDGS (BXC): Free Stock Analysis Report

LOUISIANA PAC (LPX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: BECN , BLDR , BXC , LPX

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