--- title: "Bluelinx | 10-K: FY2026 Revenue Misses Estimate at USD 2.954 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/276789960.md" datetime: "2026-02-24T21:33:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276789960.md) - [en](https://longbridge.com/en/news/276789960.md) - [zh-HK](https://longbridge.com/zh-HK/news/276789960.md) generator: "portal-rs" --- # Bluelinx | 10-K: FY2026 Revenue Misses Estimate at USD 2.954 B Revenue: As of FY2026, the actual value is USD 2.954 B, missing the estimate of USD 3.032 B. EPS: As of FY2026, the actual value is USD 0.02, missing the estimate of USD 0.39. EBIT: As of FY2026, the actual value is USD 64.84 M. ### Segment Revenue #### Fiscal Year Ended January 3, 2026 (53 weeks) - **Total Net Sales**: $2,954,007 thousand. - **Specialty products**: $2,052,990 thousand, representing 69.5% of Net sales. - **Structural products**: $901,017 thousand, representing 30.5% of Net sales. - **Net Sales by Channel**: - **Warehouse and reload**: $2,454,565 thousand. - **Direct**: $563,459 thousand. - **Cash discounts and rebates**: - $64,017 thousand. #### Fiscal Year Ended December 28, 2024 (52 weeks) - **Total Net Sales**: $2,952,532 thousand. - **Specialty products**: $2,045,910 thousand, representing 69.3% of Net sales. - **Structural products**: $906,622 thousand, representing 30.7% of Net sales. - **Net Sales by Channel**: - **Warehouse and reload**: $2,432,820 thousand. - **Direct**: $581,517 thousand. - **Cash discounts and rebates**: - $61,805 thousand. #### Fiscal Year Ended December 30, 2023 (52 weeks) - **Total Net Sales**: $3,136,381 thousand. - **Specialty products**: $2,184,240 thousand, representing 70% of Net sales. - **Structural products**: $952,141 thousand, representing 30% of Net sales. - **Net Sales by Channel**: - **Warehouse and reload**: $2,663,107 thousand. - **Direct**: $535,163 thousand. - **Cash discounts and rebates**: - $61,889 thousand. ### Gross Margin #### Fiscal Year Ended January 3, 2026 (53 weeks) - **Total Gross Profit**: $451,628 thousand (15.3% gross margin). - **Specialty products gross profit**: $368,993 thousand (18.0% gross margin). - **Structural products gross profit**: $82,635 thousand (9.2% gross margin). #### Fiscal Year Ended December 28, 2024 (52 weeks) - **Total Gross Profit**: $489,139 thousand (16.6% gross margin). - **Specialty products gross profit**: $397,625 thousand (19.4% gross margin). - **Structural products gross profit**: $91,514 thousand (10.1% gross margin). #### Fiscal Year Ended December 30, 2023 (52 weeks) - **Total Gross Profit**: $527,017 thousand. ### Operational Metrics (Overall) - **Net Income**: - Fiscal 2025: $219 thousand. - Fiscal 2024: $53,116 thousand. - Fiscal 2023: $48,536 thousand. - **Operating Income**: - Fiscal 2025: $32,483 thousand (1.1% of Net sales). - Fiscal 2024: $87,570 thousand (3.0% of Net sales). - Fiscal 2023: $138,449 thousand. - **Selling, General, and Administrative (SG&A) Expenses**: - Fiscal 2025: $381,109 thousand (12.9% of Net sales), an increase of 4.3% or $15.6 million compared to fiscal 2024. - Fiscal 2024: $365,532 thousand (12.4% of Net sales). - Fiscal 2023: $355,819 thousand. - **Depreciation and Amortization**: - Fiscal 2025: $39,905 thousand (1.4% of Net sales), an increase of 3.7% compared to fiscal 2024. - Fiscal 2024: $38,488 thousand (1.3% of Net sales). - Fiscal 2023: $32,043 thousand. - **Interest Expense, Net**: - Fiscal 2025: $32,354 thousand (1.1% of Net sales), an increase of 67.1% or $13.0 million compared to fiscal 2024. - Fiscal 2024: $19,364 thousand (0.7% of Net sales). - Fiscal 2023: $23,746 thousand. - **Other Operating Expenses**: - Fiscal 2025: $2,065 thousand. - Fiscal 2024: $1,755 thousand. - Fiscal 2023: $4,640 thousand. ### Cash Flow - **Net Cash Provided by Operating Activities**: - Fiscal 2025: $59,784 thousand, a decrease from fiscal 2024 primarily due to lower cash impacts of net income, partially offset by positive changes in working capital. - Fiscal 2024: $85,178 thousand. - Fiscal 2023: $306,285 thousand. - **Net Cash Used in Investing Activities**: - Fiscal 2025: - $119,487 thousand, primarily for the acquisition of Disdero and capital expenditures. - Fiscal 2024: - $39,210 thousand, primarily for capital expenditures. - Fiscal 2023: - $26,863 thousand, primarily for capital expenditures. - **Net Cash Used in Financing Activities**: - Fiscal 2025: - $60,076 thousand, including $38,126 thousand for common stock repurchases and $16,317 thousand for principal payments on finance lease obligations. - Fiscal 2024: - $62,089 thousand, including $45,297 thousand for common stock repurchases and $13,427 thousand for principal payments on finance lease obligations. - Fiscal 2023: - $56,622 thousand, including $42,135 thousand for common stock repurchases and $9,208 thousand for payments on finance lease obligations. ### Unique Metrics - **Acquisitions**: BlueLinx Holdings Inc. acquired Disdero Lumber Co. LLC for $95.2 million, net of cash acquired, in the fourth quarter of fiscal 2025. - **Capital Investments**: In fiscal 2025, BlueLinx Holdings Inc. invested $26.9 million in capital for business improvement, in addition to $44.6 million in property and equipment added under finance leases. - **Share Repurchases**: - Fiscal 2025: BlueLinx Holdings Inc. repurchased 503,556 shares for $37.8 million at an average price of $74.97 per share. - Fiscal 2024: BlueLinx Holdings Inc. repurchased 428,630 shares for $45.0 million at an average price of $104.90 per share. - Fiscal 2023: BlueLinx Holdings Inc. repurchased 101,516 shares for $42.1 million at an average price of $84.45 per share. - **Net Working Capital**: - As of January 3, 2026: $407,771 thousand. - As of December 28, 2024: $411,544 thousand. - **Cash and Cash Equivalents**: - As of January 3, 2026: $385,843 thousand. - As of December 28, 2024: $505,622 thousand. - **Debt and Finance Leases**: - As of January 3, 2026: Total debt and finance leases were $621,279 thousand, including $300,000 thousand in senior secured notes and $321,279 thousand in finance lease obligations. - As of December 28, 2024: Total debt and finance leases were $592,543 thousand, including $300,000 thousand in senior secured notes and $292,543 thousand in finance lease obligations. - **Available Borrowing Capacity**: - As of January 3, 2026: $340,100 thousand under the revolving credit facility. - As of December 28, 2024: $346,200 thousand under the revolving credit facility. - **Commodity Price Changes (Random Lengths composite prices)**: - Fiscal 2025 vs. Fiscal 2024: Lumber prices increased 5.8%, panel prices decreased 16.5%. - Fiscal 2024 vs. Fiscal 2023: Lumber prices decreased 2.5%, panel prices increased 1.2%. - Fiscal 2023 vs. Fiscal 2022: Lumber prices decreased 47%, panel prices decreased 32%. ### Outlook / Guidance Summary BlueLinx Holdings Inc. anticipates that product demand may face pressure from increased tariffs, inflationary pressures, potential trade disruptions, and labor shortages in the home building and remodeling industry. However, the company expects demand to be supported by high home equity levels, a fundamental undersupply of housing in the U.S., potential government actions, and demographic shifts. BlueLinx Holdings Inc. plans to continue investments in upgrading its fleet into fiscal 2026 and beyond. ### Related Stocks - [BXC.US](https://longbridge.com/en/quote/BXC.US.md) ## Related News & Research - [Empowered Funds LLC Has $5.96 Million Holdings in BlueLinx Holdings Inc. $BXC](https://longbridge.com/en/news/296070519.md) - [BlueLinx director Kim S. Fennebresque disposes of 34,138 common shares worth $2.87 million](https://longbridge.com/en/news/295443274.md) - [BlueLinx Q2 sales beat estimates as specialty, structural products grow](https://longbridge.com/en/news/294866923.md) - [BXC: Q2 2026 delivered sales and margin growth, strong cash flow, and expanded supplier partnerships](https://longbridge.com/en/news/294992159.md) - [Trex Company Upgrades Distribution Network; Raises Full Year Guidance | TREX Stock News](https://longbridge.com/en/news/292526901.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**