BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, reported sales for the second quarter ended June 28, 2008, were $835 million, a decline of 22.9% from the same period a year ago. Profit totaled $6.6 million, an increase of 22.2% over second quarter 2007.
The decline in revenue reflects a 26% drop in structural product sales and a 20% sales decline in specialty product sales from the year ago period.
For the six months ended June 28, 2008, BlueLinx reported a net loss of $4 million on revenues of $1.55 billion, compared with profit of $5.2 million on revenues of $2.04 billion a year ago.
While we are pleased with our results, we expect the current housing market downturn to continue through 2009,” said Howard …
BlueLinx Sales Fall 22.9% in 2Q
BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, reported sales for the second quarter ended June 28, 2008, were $835 million, a decline of 22.9% from the same period a year ago. Profit totaled $6.6 million, an increase of 22.2% over second quarter 2007.
The decline in revenue reflects a 26% drop in structural product sales and a 20% sales decline in specialty product sales from the year ago period.
For the six months ended June 28, 2008, BlueLinx reported a net loss of $4 million on revenues of $1.55 billion, compared with profit of $5.2 million on revenues of $2.04 billion a year ago.
While we are pleased with our results, we expect the current housing market downturn to continue through 2009,” said Howard …
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