--- title: "Bluelinx | 10-Q: FY2027 Q1 Revenue Misses Estimate at USD 731.15 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285263079.md" datetime: "2026-05-05T20:36:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285263079.md) - [en](https://longbridge.com/en/news/285263079.md) - [zh-HK](https://longbridge.com/zh-HK/news/285263079.md) --- # Bluelinx | 10-Q: FY2027 Q1 Revenue Misses Estimate at USD 731.15 M Revenue: As of FY2027 Q1, the actual value is USD 731.15 M, missing the estimate of USD 760.73 M. EPS: As of FY2027 Q1, the actual value is USD -0.18, beating the estimate of USD -0.38. EBIT: As of FY2027 Q1, the actual value is USD 16.48 M. #### Overview of Financial Performance (Fiscal Three Months Ended April 4, 2026 vs. March 29, 2025) #### Net Sales Total net sales for BlueLinx 控股 increased by $21.9 million, or 3.1%, to $731.1 million from $709.2 million . This increase was primarily driven by strong volume gains, partially offset by lower pricing . The current fiscal quarter includes net sales from the Disdero acquisition . **Specialty products** net sales rose by $32.4 million, or 6.8%, to $511.8 million from $479.4 million . Specialty products accounted for 70% of total net sales in the current period, up from 68% in the prior year period . **Structural products** net sales decreased by $10.5 million, or 4.6%, to $219.3 million from $229.8 million . #### Gross Profit and Gross Margin Total gross profit increased by $5.3 million, or 4.7%, to $116.4 million from $111.1 million . The company’s gross margin percentage increased to 15.9% from 15.7% . The Disdero acquisition contributed to the increase in gross profit and gross margin percentage in the current period . **Specialty products** gross profit increased by $2.8 million, or 3.1%, to $92.6 million from $89.8 million . However, the specialty products gross margin percentage decreased to 18.1% from 18.7% . The prior year period’s gross margin percentage for specialty products benefited by 50 basis points from a $2.4 million duty-related refund . **Structural products** gross profit increased by $2.5 million, or 11.6%, to $23.8 million from $21.4 million . The structural products gross margin percentage increased to 10.9% from 9.3% . #### Operating Expenses - **Selling, general, and administrative (SG&A) expenses** increased by $2.1 million, or 2.2%, primarily due to the Disdero acquisition, partially offset by a $1.9 million insurance benefit for business interruptions . - SG&A - delivery and logistics: $43.6 million in 2026, compared to $39.4 million in 2025 . - SG&A - sales: $18.2 million in 2026, compared to $17.8 million in 2025 . - SG&A - all other: $34.4 million in 2026, compared to $36.9 million in 2025 . - **Depreciation and amortization expense** increased by $2.4 million, or 25.3%, to $12.0 million from $9.6 million, due to a higher base of depreciable assets from the Disdero acquisition . - **Other operating, net** was $1.9 million in the current period, mainly from severance expenses and professional services for business and digital transformation . In the prior period, other operating, net was - $2.3 million, which included $2.4 million in insurance proceeds exceeding the carrying values of damaged property and equipment . #### Operating Income Operating income decreased to $7.3 million from $10.7 million . #### Net (Loss) Income BlueLinx 控股 reported a net loss of - $1.5 million for the fiscal first quarter of 2026, compared to net income of $2.8 million in the fiscal first quarter of 2025 . #### Interest Expense, Net Net interest expense increased by $2.6 million to $9.1 million from $6.6 million . Gross interest expense was $12.2 million in 2026 and $12.1 million in 2025 . Gross interest income decreased to $3.1 million from $5.5 million, due to lower average balances for interest-bearing deposits and lower interest rates, and the prior period included $0.5 million from AD/CV import duty refunds . #### Cash Flows - **Net cash used in operating activities** was - $57.2 million, compared to - $33.9 million in the prior year, primarily due to a $24.1 million increase in net changes in operating assets and liabilities . - **Net cash used in investing activities** was - $1.7 million, compared to - $3.4 million in the prior year . This included disbursements for property and equipment of - $2.6 million in 2026 and - $5.9 million in 2025 . The current quarter also included a $0.9 million reduction in consideration paid for the Disdero acquisition . - **Net cash used in financing activities** was - $7.8 million, compared to - $19.3 million in the prior year, mainly due to decreased common stock repurchases . #### Liquidity and Capital Resources Cash and cash equivalents were $319.1 million as of April 4, 2026, down from $385.8 million as of January 3, 2026 . The available borrowing capacity under the revolving credit facility was $340.1 million as of April 4, 2026 . Total debt and finance leases, net of current portions, stood at $592.3 million as of April 4, 2026, compared to $595.6 million as of January 3, 2026 . Net working capital increased by $65.4 million to $473.1 million as of April 4, 2026, from $407.8 million as of January 3, 2026 . #### Share Repurchases During the fiscal first quarter of 2026, BlueLinx 控股 repurchased 59,051 shares of its common stock for $3.0 million at an average price of $50.83 per share . As of April 4, 2026, $5.7 million remained under the 2023 share repurchase authorization . An additional 36,749 shares were repurchased for $2.0 million between April 4, 2026, and April 21, 2026 . A new $50.0 million share repurchase program was authorized on July 29, 2025, to be used after the 2023 authorization is exhausted . #### Future Outlook and Strategy BlueLinx 控股 expects its primary sources of liquidity to be sufficient to fund ongoing cash requirements for at least the next 12 months and into the foreseeable future . The company is committed to driving profitable growth through initiatives like increasing higher-margin specialty product categories, expanding market share, and fostering a performance-driven culture . 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