BlueLinx (US:BXC)2025-11-05 15:00Q3 2025 Financial Performance - Net sales reached $749 million, a 0.2% increase year-over-year, driven by higher volumes in specialty products[15, 21] - Gross profit decreased by 14% year-over-year to $108 million, with specialty products contributing 81% of the total gross profit[15] - Gross margin declined by 240 bps to 14.4%, with specialty gross margin at 16.6% and structural gross margin at 9.3%[15] - Adjusted EBITDA was $22.4 million, representing 3% of net sales[15, 21] - Free cash flow amounted to $53 million, with cash provided by operations at $59 million[15, 21] Segment Performance - Specialty products net sales increased by 1% to $525 million, accounting for approximately 70% of total net sales[25] - Structural products net sales decreased by 2% to $223 million, impacted by lower volumes in lumber and panels, as well as lower pricing in panels[28] Housing Market and Macro Trends - Total housing starts in August 2025 decreased by 9% from July 2025 and 6% from August 2024[16] - Single-family housing starts were down 7% from July 2025 and 12% year-over-year[16] - Multi-family housing starts decreased by 11% from July 2025 but increased by 16% year-over-year[19] Balance Sheet and Capital Allocation - Cash and cash equivalents stood at $429 million at the end of Q3 2025, with total available liquidity of $777 million[34] - Net debt was negative $49 million, resulting in a net leverage ratio of (0.5x)[34]