BlueLinx Holdings Inc.
) 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
The stock currently carries a Zacks Rank #3 (Hold). Other
stocks to watch out for in the industry are
) with a Zacks Rank #1(Strong Buy) while
Beacon Roofing Supply, Inc.
Builders FirstSource, Inc.
) have a Zacks Rank #2 (Buy).
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