BlueLinx From Tailwind To Headwind [Seeking Alpha]
Bluelinx Holdings Inc. (BXC)
Last bluelinx holdings inc. earnings: 3/10 05:16 pm
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US:NYSE Investor Relations:
bluelinxco.com/investors/investor-relations
Company Research
Source: Seeking Alpha
Net sales and gross profit are on the decline. Despite a huge increase in share price, we believe BXC is still fairly valued. BlueLinx Holdings ( NYSE: BXC ) is a distributor of residential and commercial building products with a focus on lumber and other wood products. The company has had a strong run over the last year up over 80% and reaching price levels they haven't seen in over 15 years. Unfortunately, the financials don't paint as rosy of a picture as this large increase in share price would lead you to believe. We believe that at their current price, they are fairly valued when comparing them to the industry average but that their growth story has come to an end leaving them with a HOLD rating. BlueLinx 2023 Performance -Net sales were down 29.5% year over year and down 16% in quarter 4. -Gross Profit was down 36.7% year over year. -Gross margin of 16.8%, down 190 bps year over year -Completed $42 million in share repurchases, reducing shares outstanding by 6%.
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BXC
News
- BlueLinx to Host First Quarter 2024 Results Conference Call and Webcast on May 1, 2024Business Wire
- Recent 9.9% pullback isn't enough to hurt long-term BlueLinx Holdings (NYSE:BXC) shareholders, they're still up 375% over 5 years [Yahoo! Finance]Yahoo! Finance
- BlueLinx Announces Executive Leadership Changes [Yahoo! Finance]Yahoo! Finance
- BlueLinx Announces Executive Leadership ChangesBusiness Wire
- BlueLinx Holdings Inc.'s (NYSE:BXC) Stock Has Shown A Decent Performance: Have Financials A Role To Play? [Yahoo! Finance]Yahoo! Finance
BXC
Earnings
- 10/31/23 - Beat
BXC
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEF
- 4/4/24 - Form 3
- BXC's page on the SEC website