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Home » Distribution Industry News » BlueLinx Third Quarter 2024 Sales Fall 8%

Date

  • Published on: October 31, 2024

Author

  • Picture of Brian Hopkins Brian Hopkins

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Distribution Industry News

BlueLinx Third Quarter 2024 Sales Fall 8%

BlueLinx Holdings Inc. (NYSE: BXC), Atlanta-based distributor of building products, reported third-quarter sales for the period ending Sept. 28 were $747 million, a 7.6% decrease from the same period in 2023.

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Profit was $16 million, down from $24 million in the prior-year period.

Sales of specialty products were $519 million, a decrease of 7.1% from the same period last year. Sales of structural products decreased by $23 million or 9.1% from the third quarter 2023.

The company attributed losses to Hurricane Helene in September 2024, as well as sales and administrative expenses that were $1 million higher than 2023.

Year to date, sales were $2.2 billion, down slightly from the year-ago period. Profit was $47 million.

Brian Hopkins
Brian Hopkins

As Chief Operations Officer of a Distribution Strategy Group, I'm in the unique position of having helped transform distribution companies and am now collaborating with AI vendors to understand their solutions. My background in industrial distribution operations, sales process management, and continuous improvement provides a different perspective on how distributors can leverage AI to transform margin and productivity challenges into competitive advantages.

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