Quarterly ResultMay 5, 2026, 04:27 PM
BlueLinx Q1 Net Sales $731M, Net Loss $1.5M; Adj. EBITDA $23M
AI Summary
BlueLinx reported fiscal first-quarter 2026 financial results with net sales increasing 3.1% year-over-year to $731 million. The company posted a net loss of $1.5 million, or $0.18 per share, compared to a net income in the prior year, but achieved adjusted net income of $1.7 million and adjusted EBITDA of $23.5 million, exceeding expectations. Specialty product sales grew, driven by the Disdero acquisition and volume gains, while structural product sales decreased due to price declines. The company maintained strong liquidity and a low net leverage ratio.
Key Highlights
- Net sales increased 3.1% to $731 million for Q1 2026, up from $709.2 million in Q1 2025.
- Reported a net loss of $1.5 million, or $0.18 per share, compared to net income of $2.8 million in Q1 2025.
- Adjusted net income was $1.7 million, or $0.21 per diluted share, down from $2.3 million in Q1 2025.
- Adjusted EBITDA rose 20% to $23.5 million, or 3.2% of net sales, exceeding expectations.
- Specialty product net sales increased 6.8% to $512 million, contributing 80% of gross profit.
- Structural product net sales decreased 4.6% to $219 million, with gross margin at 10.9%.
- Maintained strong liquidity of $659 million and a net leverage ratio of 0.7x.
- Repurchased $3 million of common stock during the quarter.