BlueLinx Holdings (BXC) Q4 FY2021 earnings: revenue $973 million, up 12.4% on the year

BlueLinx Holdings Inc. (BXC) reported revenue of $973 million for Q4 FY2021, the quarter ended 1 January 2022, up 12.4% on the same quarter a year earlier. Net income was $74 million, up 270.7% on the year, and diluted earnings per share $7.36. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.

Revenue$973 millionup 12.4%

Net income$74 millionup 270.7%

Diluted EPS$7.36

QuarterQ4 FY2021ended 1 January 2022

The quarter, against the one before and a year earlier

Line	Q4 FY2021	Q3 FY2021	A year earlier	Change on the year
Revenue	973	971	n/a	n/a
Cost of revenue	779	818	n/a	n/a
Gross profit	194	153	n/a	n/a
Gross margin	19.9%	15.8%	n/a
Selling, general and administrative	83.5	76.2	n/a	n/a
Operating income	110	71.0	n/a	n/a
Operating margin	11.3%	7.3%	n/a
Interest expense	11.8	8.3	n/a	n/a
Pre-tax income	98.5	63.4	n/a	n/a
Income tax	24.9	16.2	n/a	n/a
Effective tax rate	25.2%	25.6%	n/a
Net income	73.6	47.2	n/a	n/a
Net margin	7.6%	4.9%	n/a
Diluted EPS	$7.36	$4.74	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2021	Q3 FY2021	A year earlier	Change on the year
Operating cash flow	18.2	104	n/a	n/a
Capital expenditure	9.0	2.5	n/a	n/a
Free cash flow	9.2	102	n/a	n/a
Free cash flow margin	0.9%	10.5%	n/a
Cash from investing	-1.3	-2.0	n/a	n/a
Cash from financing	68.2	-102	n/a	n/a
Depreciation and amortisation	6.8	6.9	n/a	n/a
Share-based compensation	1.6	1.6	n/a	n/a
Buybacks	0.0	0.0	n/a	n/a
Diluted shares, weighted	10m	10m	n/a	n/a
Shares outstanding at period end	10m	10m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2021	Q3 FY2021	A year earlier	Change on the year
Shareholders' equity	363	282	n/a	n/a
Debt	291	220	n/a	n/a
Operating lease liabilities	44.5	46.4	n/a	n/a
Finance lease liabilities	267	271	n/a	n/a
Other liabilities	352	383	n/a	n/a
Total liabilities and equity	1,317	1,202	n/a	n/a
Goodwill	47.8	47.8	n/a	n/a
Intangible assets	13.6	14.7	n/a	n/a
Cash and equivalents	85.2	0.2	n/a	n/a
Receivables	340	345	n/a	n/a
Inventory	488	436	n/a	n/a
Other assets	343	358	n/a	n/a
Total assets	1,317	1,202	n/a	n/a

Questions

What was BlueLinx Holdings' revenue in Q4 FY2021?

BlueLinx Holdings (BXC) reported revenue of $973 million for Q4 FY2021, the quarter ended 1 January 2022, up 12.4% on the same quarter a year earlier.

How much did BlueLinx Holdings earn in Q4 FY2021?

Net income for Q4 FY2021 was $74 million, up 270.7% on the year, and diluted earnings per share $7.36.

When did BlueLinx Holdings report Q4 FY2021 results?

BlueLinx Holdings filed its 10-K for the year that ended with the quarter on 22 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	971	973	1,302	1,239	1,061	848	798	816	810	713	726	768	747	711	709	780	749	716	731	814
Cost of revenue	818	779	1,011	1,038	871	697	664	680	671	594	599	646	622	597	598	660	641	603	615	674
Gross profit	153	194	291	201	189	151	134	136	139	118	128	122	126	113	111	120	108	113	116	140
Gross margin	16%	20%	22%	16%	18%	18%	17%	17%	17%	17%	18%	16%	17%	16%	16%	15%	14%	16%	16%	17%
SG&A	76.2	83.5	91.3	91.3	91.7	92.0	91.2	88.8	91.4	84.5	91.2	89.5	92.2	92.6	94.1	95.3	89.3	102	96.2	107
Operating income	71.0	110	193	104	90.7	51.1	32.5	39.1	39.7	27.2	27.7	23.8	24.0	12.0	10.7	15.0	10.0	-3.2	7.3	20.6
Operating margin	7%	11%	15%	8%	9%	6%	4%	5%	5%	4%	4%	3%	3%	2%	2%	2%	1%	-0%	1%	3%
Interest expense	8.3	11.8	11.3	11.3	10.4	9.3	7.7	6.3	5.6	4.2	4.6	11.2	11.7	11.2	12.1	12.6	12.5	12.4	12.2	12.3
Pre-tax income	63.4	98.5	181	92.7	80.6	40.7	24.2	32.2	33.5	-8.0	23.0	19.0	21.6	7.0	4.1	6.6	1.4	-12.0	-1.8	11.2
Tax rate	26%	25%	26%	23%	26%	21%	26%	24%	27%	n/a	24%	25%	26%	24%	32%	34%	-21%	n/a	n/a	43%
Net income	47.2	73.6	133	71.3	59.5	32.0	17.8	24.5	24.4	-18.1	17.5	14.3	16.0	5.3	2.8	4.3	1.7	-8.6	-1.5	6.4
Net margin	5%	8%	10%	6%	6%	4%	2%	3%	3%	-3%	2%	2%	2%	1%	0%	1%	0%	-1%	-0%	1%
Diluted EPS	$4.74	$7.36	$13.19	$7.48	$6.38	$3.50	$1.94	$2.70	$2.71	-$2.08	$2.00	$1.65	$1.87	$0.62	$0.33	$0.54	$0.20	-$1.05	-$0.18	$0.81
Operating cash flow	104	18.2	2.2	101	143	154	89.0	64.2	77.6	75.6	-31.1	35.8	61.8	18.7	-33.9	-26.8	58.6	61.8	-57.2	11.2
Capital expenditure	2.5	9.0	2.5	4.4	12.2	16.8	9.0	5.0	4.9	8.6	5.4	6.5	7.9	20.3	5.9	9.6	5.9	5.4	2.6	2.4
Free cash flow	102	9.2	-0.3	96.8	130	137	80.0	59.1	72.7	67.0	-36.6	29.3	53.8	-1.5	-39.8	-36.4	52.7	56.4	-59.8	8.8
Buybacks	0.0	0.0	6.4	60.0	0.0	0.0	0.0	11.6	17.7	12.8	0.0	14.5	15.5	15.3	15.0	20.4	2.7	0.0	2.8	2.6
Shares outstanding	10m	10m	10m	9m	9m	9m	9m	9m	9m	9m	9m	9m	8m	8m	8m	8m	8m	8m	8m	8m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 1 January 2022, filed 22 February 2022: the filing.