BlueLinx Holdings Inc. (NYSE: BXC), Marietta, Georgia, reported sales for 2020 of $3.1 billion, up 17% from 2019. BlueLinx reported a profit of $81 million, compared with a loss of $18 million a year ago.
The company reported fourth-quarter sales of $865 million, an increase of 41% year-over-year. The company reported a profit of $20 million, compared to a loss of $10 million in the prior-year quarter.
“The fourth quarter was a fantastic conclusion to a historic year for BlueLinx, one where improved execution, pricing discipline, effective inventory management and market tailwinds resulted in record financial performance for the Company and significant debt reduction,” said Mitch Lewis, President and CEO. “We again recorded significant increases in net sales along with strong margins as current market conditions remain favorable, supported by strong demand for new residential construction and increased home renovation activity. Our operational improvements that began in 2019 continued to yield significant benefits as they led to excellent customer service, sales growth, margin expansion and disciplined working capital management. We are enthusiastic about the year as we are motivated to take advantage of our greater financial flexibility and build on our success in 2020.”
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