BlueLinx Holdings Inc., Atlanta, GA, distributor of building products in North America, today reported a net loss for the fourth quarter and full year ended Dec. 29, 2007. In the full year, the net loss was $27.9 million, compared with profit of $15.8 million in the prior year.
Sales for the year totaled $3.8 billion, down 21.7%, reflecting lower unit volume and lower underlying prices for both structural and specialty products versus the comparable prior year period.
We continue to pursue our strategy while also taking proactive measures to adjust our cost structure to the current business climate,” said CEO Stephen Macadam. “The actions we took during the fourth quarter demonstrate our commitment to aggressively managing costs and working capital in this …
BlueLinx Reports Net Loss for 2007
BlueLinx Holdings Inc., Atlanta, GA, distributor of building products in North America, today reported a net loss for the fourth quarter and full year ended Dec. 29, 2007. In the full year, the net loss was $27.9 million, compared with profit of $15.8 million in the prior year.
Sales for the year totaled $3.8 billion, down 21.7%, reflecting lower unit volume and lower underlying prices for both structural and specialty products versus the comparable prior year period.
We continue to pursue our strategy while also taking proactive measures to adjust our cost structure to the current business climate,” said CEO Stephen Macadam. “The actions we took during the fourth quarter demonstrate our commitment to aggressively managing costs and working capital in this …
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