BXC Earnings Prediction
The chart below shows how BXC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BXC sees a +1.14% change in stock price 10 days leading up to the earnings, and a +2.30% change 10 days following the report. On the earnings day itself, the stock moves by -1.88%. This data can give you a slight idea of what to expect for the next quarter's release.
BXC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
747.29M
-7.74%
-2.74%
Gross Margin
15.54%
-4.01%
6.29%
Operating Margin
3.51%
-28.37%
13.23%
Net Margin
2.14%
-28.90%
14.44%
EPS
1.88
-30.88%
13.94%
No Data Available
BXC Earnings Analysis
BlueLinx Holdings Inc. Corporation (BXC.N) Earnings Conference Call
Positive
Gross Margin Performance: 1. Strong Gross Margins: BlueLinx achieved gross margins of 19.4% in specialty products and 11% in structural products, demonstrating resilience despite price deflation.
Volume Growth Performance: 2. Solid Volume Growth: The company reported positive volume growth across key specialty product categories, including millwork and engineered wood products, contributing to overall performance.
Strong Cash Reserves: 3. Robust Financial Position: BlueLinx ended the quarter with $526 million in cash and approximately $873 million in total available liquidity, positioning the company well for future growth and capital returns.
Share Repurchase Strategy: 4. Share Repurchase Commitment: During Q3, BlueLinx repurchased $15 million in shares, totaling over $138 million since early 2022, reflecting a strong commitment to returning capital to shareholders.
Adjusted EBITDA Performance: 5. Positive Adjusted EBITDA: The company generated adjusted EBITDA of $36.6 million, representing a 4.9% margin, showcasing effective cost management and operational efficiency.
Negative
Net Sales Decline: 1. Decline in Net Sales: BlueLinx reported net sales of $747 million for Q3 2024, an 8% decrease year-over-year, primarily driven by price deflation in key product categories.
Specialty Products Revenue Decline: 2. Specialty Products Revenue Drop: Specialty product revenues fell by 7% year-over-year, attributed to ongoing price deflation, which has persisted longer than anticipated due to a soft housing recovery.
Structural Products Revenue Drop: 3. Structural Products Revenue Decline: Structural product revenues decreased by 9% compared to the prior year, significantly impacted by a 12% drop in average lumber prices and a 19% decline in panel prices.
Gross Margin Decline: 4. Gross Margin Compression: Total gross margin for the quarter was 16.8%, down 40 basis points from the previous year, reflecting the adverse effects of price deflation across both specialty and structural products.
Rising SG&A Expenses: 5. Increased SG&A Expenses: Selling, general, and administrative expenses rose to $92 million, up $1 million from the previous year, primarily due to higher technology expenses related to digital transformation efforts.
BXC FAQs
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BXC Earning Call Sentiment
BlueLinx Holdings Inc. (BXC) Q3 2024 Earnings Call Transcript
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BXC.N
-2.08%Positive
The earnings call reveals mixed financial performance with declining sales and margins due to price deflation, but a strong cash position and ongoing share repurchases. The Q&A highlights some positive trends in pricing and market share gains, but also hints at competitive challenges and uncertainties in the housing market. Despite optimistic long-term outlooks, the short-term pressures and digital transformation costs weigh on profitability. Without a clear market cap, the prediction leans neutral, considering the balance of positives and negatives in both financials and strategic initiatives.
