BlueLinx Holdings (NASDAQ: BXC) Profit Outlook

BlueLinx Holdings day trading at USD 5.04 per share, then rallying to 5.2 and closing at USD 5.06 per share. A net gain of 0.396% for the day. Long term pricing analysis shows the stock trading at 85.31% lower than it’s 52week high and -39.16% higher than the 52week low. The share volume traded for the day was 301K which was 1 times the 50 Day Average Volume.

BlueLinx Holdings had a market cap of 47,406K as of 21st May 2020. The Earnings Per Share (EPS) for Q4 2019 is $ -1.25.

BlueLinx Holdings is a leading wholesale distributor of building and industrial products in the United States with over 50,000 branded and private-label SKUs, and a broad distribution footprint servicing 40 states.

Financial Results

 BlueLinx Holdings First Quarter Of Fiscal 2020.

  • Net sales of $662 million, compared to $639 million
  • Gross margin increased to 14.1%, compared to 13.5%
  • Net loss of $0.8 million, compared to a net loss of $6.7 million
  • Adjusted EBITDA of $19.9 million, compared to $16.6 million
  • Term loan reduction of $78 million since the fourth quarter of 2019; most recent balance is $69 million

BlueLinx Holdings (21st May 2020): The Institutional Ownership as of today stood at 83.37% and the Total Value of Holdings (millions) is $ 40.

New Institutional Holders and other activity – As of today, the total number of shares held is 7,811,247 by 71 institutional holders.

LATEST NEWS:

6-May-2020:-  BlueLinx Holdings (BXC) Reports Q1 Loss, Misses Revenue Estimates

BlueLinx Holdings (BXC) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to a loss of $0.30 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 78.95%.

5-May-2020:-  BlueLinx Announces 2020 First Quarter Financial Results

The Company reported net sales of $662 million for the first quarter of 2020, compared to $639 million for the prior-year period. Excluding $32 million from the prior-year period related to the discontinued siding line, net sales were up approximately 9%.  Net sales were driven by higher volumes and $2 million in commodity price inflation.

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