Bluelinx Holdings Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 29, 2012
January 10, 2013 at 09:00 am
Share
Bluelinx Holdings Inc. provided earnings guidance for the fourth quarter and full year ended December 29, 2012. The company expects to report a fourth-quarter net loss per diluted share in the range of $0.16 to $0.22 based on the company's preliminary unaudited results for the fourth quarter ended December 29, 2012, compared to a net loss of $0.17 per diluted share for the fourth quarter of fiscal 2011. Revenue for the fourth quarter is expected to be approximately $440 million, an increase of 12.5% from $391.1 million for the fourth quarter of fiscal 2011. Gross profit margin for the quarter is expected to be approximately 11.9%, compared with 12.3% for the fourth quarter of fiscal 2011. Net loss included a pre-tax net gain of $0.2 million, or $0.00 per diluted share, and $3.9 million, or $0.07 per diluted share, from significant special items in the fourth quarter of 2012 and 2011, respectively.
For the full year ended December 29, 2012, the company expects to report a net loss per diluted share in the range of $0.35 to $0.41, compared to a net loss of $0.89 per diluted share in fiscal 2011. Revenues are expected to be approximately $1.91 billion for the full year ended December 29, 2012, an increase of 8.5% from $1.76 billion for the year ended December 31, 2011. Gross profit margin for fiscal 2012 is expected to be approximately 12.1%, compared with 12.0% in fiscal 2011. Net loss included a pre-tax net gain of $10.4 million, or $0.17 per diluted share, and $12.6 million or $0.29 per diluted share, from significant special items in fiscal 2012 and fiscal 2011, respectively.
BlueLinx Holdings, Inc. is a wholesale distributor of residential and commercial building products in the United States. The Company provides both branded and private-label stock keeping units (SKUs) across product categories, such as lumber, panels, engineered wood, siding, millwork, and industrial products. The Company distributes its products in two principal categories: specialty products and structural products. Its specialty products include items such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products. Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh and other wood products primarily used for structural support in construction projects. The Company also offers a range of value-added services and solutions to its customers and suppliers, including inventory stocking; intermodal distribution services; milling and fabrication services, and backhaul services.