BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, reported sales decreased 43.2% to $407.1 million for the first quarter ended April 4, 2009. The company incurred a net loss of $60.7 million, compared with a net loss of $10.6 million for first quarter 2008.
The sales decline was mainly due to lower unit volumes in both structural and specialty products driven by a 51% decline in housing starts relative to year-ago levels.
BlueLinx preciously announced an agreement with Georgia-Pacific to terminate a supply agreement, which will result in Georgia-Pacific paying BlueLinx four quarterly cash payments of $4.7 million beginning on May 1, 2009. …
BlueLinx Sales Decline 43.2% In 1Q
BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, reported sales decreased 43.2% to $407.1 million for the first quarter ended April 4, 2009. The company incurred a net loss of $60.7 million, compared with a net loss of $10.6 million for first quarter 2008.
The sales decline was mainly due to lower unit volumes in both structural and specialty products driven by a 51% decline in housing starts relative to year-ago levels.
BlueLinx preciously announced an agreement with Georgia-Pacific to terminate a supply agreement, which will result in Georgia-Pacific paying BlueLinx four quarterly cash payments of $4.7 million beginning on May 1, 2009. …
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