LUMBERYARDS

BlueLinx reports sales gains, but loss widens

BY HBSDealer Staff

BlueLinx is continuing to implement cost savings and profit-improving initiatives as it looks to expand its specialty products business.

The company reported seond-quarter revenues of $604.6 million, up 16.9% from $517.0 million in the same quarter last year. However, the Atlanta-based distributor’s net loss widened to $22.3 million, compared with a net loss of $3.7 million in the same quarter last year.

"The building products market remains highly competitive and volatile," said BlueLinx executive chairman Howard Cohen. "However, the outlook for new residential construction continues to suggest favorable opportunities for BlueLinx."

Declining prices for structural wood products generated lower gross margins for the company in the second quarter. The company’s second half objective is to position BlueLinx for near-term growth and positive operating profits, Cohen said.

BlueLinx operates 55 distribution centers in the United States, offering more than 10,000 products.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
LUMBERYARDS

GAF to gift a chopper at Sturgis Motorcycle Rally

BY HBSDealer Staff

Roofing manufacturer GAF intends to make a lucky veteran’s day with a custom OCC Chopper at the upcoming Sturgis Motorcycle Rally.

“GAF is thrilled to again be working with Paul Sr. and the OCC crew for this special episode of their exciting new show,” said Paul Bromfield, senior vice president of marketing at GAF. “The synergy between our companies is evident through not only our quality products, but also our continued focus on investing in America and our commitment to helping veterans.”

The event, which draws wide enough publicity on its own, will be featured on a new television series on CMT (Country Music Television), which premieres Aug. 18. The episode featuring the bike giveaway will highlight GAF’s Roofs for Troops rebate program.

The bike, featuring a custom build, will be revealed at the event on Aug. 5 during the Kid Rock concert on the Buffalo Chip stage. The Sturgis Motorcycle Rally boasts an attendance of roughly 500,000 people each year.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
LUMBERYARDS

Amerhart fills new post of VP supply chain management

BY HBSDEALER Staff

Green Bay, Wis.-based building materials distributor Amerhart announced that Tom Miller will take over the newly created role of VP supply chain management. 

Miller is a 25-year industry veteran who most recently served the company in the role of national accounts manager.

Amerhart operates several distribution facilities in Wisconsin, Illinois, Michigan and Minnesota. It distributes building materials and lumber products to pro dealers, home centers and industrial accounts.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?