BlueLinx Holdings Inc. reported net sales of $613 million for the 4Q 2019, compared to $673 million for the prior year period. Net sales were primarily impacted by lower commodity prices and the discontinuation of a siding product in late 2018, which affected year-over-year net sales by approximately $13 million, and $46 million, respectively.
The company recorded gross profit of $83 million during the 4Q, compared to $81 million in the prior year period, with a gross margin of 13.5% compared to 12.1% in the prior year period. Gross margin improved in both structural and specialty categories year-over-year.
The company recorded a net loss of $10.2 million for the 4Q 2019, compared to a net loss of $16.2 million in the prior year period. .
For the fiscal year ended December 28, 2019, the company reported net sales of $2.64 billion, compared to $2.86 billion in the prior fiscal year.
The company recorded gross profit of $357 million for the 2019 fiscal year, compared to $332 million in the prior fiscal year, with a gross margin of 13.5% compared to 11.6% in the prior year period, which prior year period includes an acquisition-related inventory step-up charge of $12 million.
The company recorded a net loss of $17.7 million for the 2019 fiscal year, compared to a net loss of $48.1 million in the prior fiscal year.
Adjusted EBITDA, which is a non-GAAP measure, was $71.4 million for the 2019 fiscal year, compared to $68.5 million in the prior fiscal year. Pro forma Adjusted EBITDA for the full fiscal year 2018 was $80 million.
BlueLinx is a leading wholesale distributor of building and industrial products in the United States.
