BXC - BlueLinx Holdings Non-GAAP EPS of $3.97 beats by $0.26 revenue of $847.77M misses by $91.8M

• BlueLinx Holdings press release ( NYSE: BXC ): Q4 Non-GAAP EPS of $3.97 beats by $0.26 .
• Revenue of $847.77M (-12.9% Y/Y) misses by $91.8M .
• Gross profit of $151 million, gross margin of 17.8% and specialty margin of 21.1%.
• Adjusted EBITDA of $63 million, 7.4% of net sales
• Operating cash of $154 million and free cash flow of $137 million
• Available liquidity increased to $645 million, including $299 million cash on hand
• Acquired Vandermeer Forest Products on October 3, 2022, for $67 million.
• Through the first seven weeks of the first quarter of 2023, specialty product gross margin was in the range of 18% to 19% with daily sales volumes down approximately 15% versus the prior year reflecting the challenging macro environment. Structural product gross margin was in the range of 10% to 11% with relatively consistent sales volumes when compared to last year. The Company will continue to evaluate market pricing for wood-based commodities and adjust accordingly at the end of each period.

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