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BlueLinx Announces Preliminary Fourth-Quarter And Full Year Results

"We are excited about BlueLinx' prospects in the recovering housing market and the continued favorable trends in housing fundamentals experienced through the fourth quarter. Year-over-year revenues grew for the sixth consecutive quarter in the fourth quarter of 2012," said George Judd, president and chief executive officer. "Looking forward, we have established positive momentum in our business as we enter the 2013 fiscal year and remain confident both in the opportunities ahead of us and in our strategy to profitably grow the Company."

The Company's pre-tax significant special items for the 2012 and 2011 fourth quarter and full year periods are shown in the following table:

 
in millions, except per share amounts    
(unaudited) Quarters Ended Twelve Months Ended
  December 29, December 31, December 29, December 31,
  2012 2011 2012 2011
Gain from sale of certain properties $0.2 $3.7 $9.9 $10.6
Gain on modification of lease agreement -- -- -- 2.0
Gain from property insurance settlement -- 0.2 0.5 1.4
Facility consolidation and severance related cost -- -- -- (1.4)
Total significant special items $0.2 $3.9 $10.4 $12.6
         
Basic weighted average shares 60.1 59.7 60.1 43.2
         
Total significant special items per basic common share $0.00 $0.07 $0.17 $0.29
         
Diluted weighted average shares 60.1 59.7 60.1 43.2
         
Total significant special items per diluted common share $0.00 $0.07 $0.17 $0.29

As the Company has not completed its quarter-end fiscal close for its fourth quarter ended December 29, 2012 or its analysis of the quarter, the results presented in this press release are estimated and preliminary and, therefore, may change.

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