ATLANTA -- BlueLinx Holdings Inc., a leading distributor of building products in North America, posted a net loss of $8.9 million in the fiscal first quarter 2015 versus a loss in fiscal first quarter 2014 of $8.6 million. Revenue for first quarter was $455 million, up $11.0 million, or 2.5%, compared to first quarter 2014."
"We were pleased to see revenue growth this quarter, particularly as regions of our business were impacted by inclement weather. The improved volume in both structural and specialty product segments were particularly encouraging in light of a falling commodity market. Additionally, we continue to make progress in our operational efficiency as we reduced operating costs by $2 million, while our volumes increased in the first quarter," said Mitch Lewis, President and Chief Executive Officer."
Susan O'Farrell, Senior Vice President and Chief Financial Officer added, "We have extended our $467.5 million Asset-Based Loan facility this quarter and are now assessing alternatives that will allow us to unlock the additional value of our mortgage properties. In addition, we continue our focus on working capital and are encouraged that cash usage improved by $8.6 million from first quarter 2014."