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home / news releases / BXC - BlueLinx: Headwinds In The Housing Market

BXC - BlueLinx: Headwinds In The Housing Market

Bluelinx Holdings Inc.

2024-07-08 08:44:29 ET

Summary

  • BXC's FY2023 net sales decreased due to price deflation and lower sales volumes. Additionally, profitability margins contracted as well.
  • For 1Q24, BXC's net sales fell, but profitability margins remained robust year-over-year, despite facing headwinds from the housing market.
  • LIRA forecasts a decrease in annual spending for home repairs and improvements. This is anticipated to create headwinds for BXC.
  • Thehigh interest rate environment due to persistent inflation is expected tocontinue creating headwinds for the housing market.

Synopsis

For further details see:

BlueLinx: Headwinds In The Housing Market
Stock Information
Company Name: Bluelinx Holdings Inc.
Stock Symbol: BXC
Market: NYSE
Website: bluelinxco.com
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