BlueLinx Holdings reported a net loss of $2.5 million for the fourth quarter, down from its 2012 Q4 loss of $11.4 million. But the company tumbled to a net loss of $40.2 million on the 2013 fiscal year, down 75% from its net loss of $23 million in 2012.
Despite the overall loss, fourth quarter sales rose 10.4%, and full year same center revenues climbed by 13.5%.
In the earnings report, the company blames the losses on "volatility in wood-based structural product pricing, primarily during the fiscal 2013 second quarter."
"Our organization is intently focused on improving our gross margins and operating more efficiently to facilitate leveraging our incremental volume to enhance our financial performance," said Lewis.