BlueLinx Sees Q4 Speciality Product Gross Margin 18%-19% With Average Volumes Slightly Down QoQ But Inline With Historical Seasonality
Portfolio Pulse from Benzinga Newsdesk
BlueLinx Holdings Inc. expects its Q4 gross margin for specialty products to be between 18% and 19%. The company also anticipates average volumes to be slightly down quarter-over-quarter, but in line with historical seasonality.
October 31, 2023 | 8:30 pm
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BlueLinx's Q4 gross margin for specialty products is expected to be between 18% and 19%, with average volumes slightly down QoQ but in line with historical seasonality.
The news directly pertains to BlueLinx's Q4 earnings. The expected gross margin is a key indicator of profitability, and the anticipated slight decrease in volumes could impact the company's revenue. However, the fact that this is in line with historical seasonality suggests that it may not significantly affect the stock price in the short term.
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