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
Read the full article on Seeking Alpha
For further details see:
BlueLinx: Headwinds In The Housing Market