Atlanta-based BlueLinx Holdings (NYSE: BXC), a distributor of building products, reported sales for the fourth quarter 2023 were $713 million, down 16%. Net loss was $18 million.
Sales in 2023 were $3.1 billion, down 29.5%, with profit of $49 million.
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Net sales of specialty products, which includes products such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products, decreased 17.7% in the fourth quarter. This decline was primarily due to price deflation.
Net sales of structural products, which includes products such as lumber, plywood, oriented strand board, rebar, and remesh, decreased 11.8% in the fourth quarter. The decreases in structural sales and gross profit were due primarily to price deflation, partially offset by slightly higher volumes.
