BlueLinx Holdings sales relatively flat
BlueLinx Holdings reported net sales of $699 million for the second quarter of 2020, a 1 percent decline compared to $706 million for the prior year period.
The distributor of building and industrial products had net income of $6.7 million, or 71 cents per share, compared to $6.3 million, or 67 cents, in the same quarter last year.
“Our strong second quarter results validate the positive impact we have realized from the operational improvements we began in the second half of 2019 and accelerated earlier this year. We gained momentum as the quarter progressed, experiencing increased demand and an improving structural products commodity market compared to the lower sales volume and gross margins we saw in April due to the pandemic,” said Mitch Lewis, president and chief executive officer.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
