The market will weigh the top-line growth and EBITDA beat against the GAAP loss and cautious Q2 volume outlook. Monitor commodity price trends (lumber -4%, panels -14% YoY) and tariff developments; structural margin improvement is a positive signal. The stock may see modest upside on EBITDA strength but limited near-term catalyst.
Price Chart
Executive Summary
BlueLinx Q1 2026 net sales grew 3.1% YoY to $731M, driven by specialty product volume gains and the Disdero acquisition, while structural sales declined 5% on lower lumber/panel prices. Adjusted EBITDA rose 20% to $23.5M, but GAAP net loss widened to -$0.18/share vs +$0.33 a year ago due to higher SG&A and interest costs. Guidance for Q2 implies stable gross margins but slightly lower sales volumes YoY.
Key Financial Metrics
Key Facts
- Net sales $731M, up 3.1% YoY ($709M)
- GAAP net loss $1.5M ($0.18 loss per share) vs net income $2.8M ($0.33) YoY
- Adjusted EBITDA $23.5M, up 20% from $19.6M
- Specialty sales +6.8% to $512M; structural sales -4.6% to $219M
- Gross margin 15.9%, up 20 bps YoY; specialty 18.1%, structural 10.9%
- Q2 2026 guidance: specialty gross margin 17.5%-18.5%, structural 9.5%-10.5%; avg daily volumes down slightly YoY
Financial Impact
Gross profit +$5.3M (+4.7%) to $116.4M; Adjusted EBITDA +$3.9M to $23.5M; GAAP net income swung -$4.3M
Risk Factors
- Continued price deflation in lumber and panels pressuring structural margins
- Housing market weakness reducing overall demand
- Tariff and trade policy escalation impacting imported product costs
- Higher SG&A expenses from acquisitions and digital transformation
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-030601 |
| Exhibit: exhibit992q12026.htm | 0001628280-26-030601 |
| Document: bxc-20260505.htm | 0001628280-26-030601 |
| Document: 0001628280-26-030601-index-headers.html | 0001628280-26-030601 |
| Document: 0001628280-26-030601-index.html | 0001628280-26-030601 |
| Document: 0001628280-26-030601.txt | 0001628280-26-030601 |
| 8-K Data (Synthetic) | 0001628280-26-030601 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 15, 2026 10w ago | Institutional Cluster | $85.29 $76.88 | ▼ −9.86% | ▼ −7.88% | $76.36 (−10.47%) |
May 19, 2026 23w ago | 8-K | $48.56 $57.56 | ▲ +18.53% | ▲ +17.79% | $76.36 (+57.25%) |
May 5, 2026 25w ago | 8-K | $58.70 $51.13 | ▼ −12.90% | ▼ −15.68% | $76.36 (+30.09%) |
Feb 24, 2026 34w ago | 8-K | $67.15 $53.37 | ▲ +20.52% | ▲ +15.29% | $76.36 (−13.72%) |
US Market Status
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