Published on 30 Apr 2024 on GuruFocus.com via Yahoo Finance
BlueLinx Holdings Inc (BXC) Surpasses EPS Estimates in Q1 2024, Despite Revenue Decline
Net Sales: Reported $726 million, a decrease of 9% year-over-year, falling short of estimates of $701.67 million.Net Income: Achieved $17 million, surpassing the estimated $12.07 million.Earnings Per Share (EPS): Delivered $2.00 per diluted share, significantly exceeding the estimated $1.35.Gross Margin: Improved to 17.6% from 16.7% year-over-year.Adjusted EBITDA: Recorded at $39 million, representing 5.3% of net sales.Free Cash Flow: Reported a negative $37 million due to seasonal changes in working capital.Liquidity and Debt: Maintained strong liquidity with $828 million available and a net leverage ratio of (0.8x).
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