Bluelinx expects a net loss of $6.1 million in the fourth quarter, compared to a loss of $7.6 million in the year ago period. Total revenue decreased by 5.7% to $428.1 million compared to the year ago period while profit increased from $49.8 million in 2014 to $51.5 million in 2015.
The decrease in revenue was largely caused by lumber price decreases leading to prices for structural products decreasing 12%. Lumber unit volumes were up 6% while specialty lumber volume was up 26% and siding volume was up 5%.
For the full fiscal year 2015, Bluelinx expects to report gross profit of $222.5 million, a decrease of $6.6 million compared to the year ago period. Total revenue for the fiscal year also decreased 3%, a decline of $62.8 million, to $1,916.6 million compared to the year ago period.
“We were pleased to end 2015 with momentum in the Company’s gross margin and profitability, while we enjoyed our best fourth quarter since 2006," said president and CEO Mitch Lewis in a press release. "Our pricing initiatives, coupled with our continued emphasis on managing the Company’s costs contributed to this improved performance.”
Read the full release here.