BlueLinx Holdings Projects Q4 Specialty Gross Margins and Announces Inventory Expansion
BlueLinx Holdings (BXC) reported third-quarter results characterized by an 8.5% year-over-year increase in net sales. CEO Shyam Reddy highlighted the company's ability to maintain margin strength and achieve strategic volume growth despite facing a challenging market environment. Looking ahead to the fourth quarter, the company expects specialty gross margins to fall within the range of 17.5% to 18.5%. Additionally, BlueLinx is preparing for an inventory build valued between $15 million and $20 million to support the launch of new brands.
Tickers: $BXC
Topics: earnings report management commentary revenue growth
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