Building products distributor BlueLink Holdings reported its 2024 third quarter financial results on Oct. 29, showing volume growth in key product categories but an overall decline in sales and gross margin.

The Marietta, GA-based company posted total 3Q sales of $747 million, down 8% year-over-year.

• 3Q sales of specialty products decreased 7.1% year-over-year to $519 million on gross margin of 19.4% (19.8% a year earlier)
• Sales of structural products decreased 9.1% to $228 million on gross margin of 11.0% (11.3% a year earlier)

Overall, BlueLinx’s 3Q gross margin of 16.8% decreased by 40 basis points year-over-year.

The company’s 3Q net profit of $16 million trailed the $24 million profit of a year prior. Adjusted EBITDA of $37 million on 4.9% margin decreased from the third quarter of 2023 ($50 million on 6.2% margin).

“Our third quarter results delivered solid volume growth in several of our key specialty product categories, as well as strong volume growth across our structural products business,” BlueLinx President and CEO Shyam Reddy said in the company’s financial release. “Specialty products’ gross margins were within our expected range and structural products’ gross margins were strong, despite the effects of continued price deflation for both product categories. Current market conditions remain challenging, but we believe our growth strategy, significant liquidity, and strong balance sheet will continue to position us well for an industry rebound.”

BlueLinx was No. 12 on MDM’s Top Distributors List of Building Materials/Construction.