BlueLinx Q1 Loss Narrows; Names Susan O'Farrell CFO

(RTTNews) - BlueLinx Holdings Inc. (BXC), distributor of building products in North America, said that it incurred a net loss of $8.6 million or $0.10 per share for the fiscal first quarter of 2014, compared with a net loss of $12.6 million or $0.19 per share, for the fiscal first quarter of 2013.

Fiscal first-quarter results for 2014 included net pretax gains from significant special items of $0.2 million, and resulted in no impact on diluted earnings per share. Fiscal first-quarter results for 2013 included net pretax charges from significant special items of $0.9 million or $0.01 per share.

Fiscal 2014 first-quarter adjusted net loss was $5.8 million or $0.07 per share, compared to an adjusted net loss of $7.2 million or $0.11 per share, for the same period a year ago.

Net sales for the quarter dropped to $443.94 million from last year's $503.15 million.

In a separate press release, BlueLinx Holdings, announced that Susan O'Farrell has accepted the position of Senior Vice President, Chief Financial Officer, Treasurer and Principal Accounting Officer effective May 19, 2014, replacing Doug Goforth, who is leaving the Company to pursue other interests.

O'Farrell has been a senior financial executive holding several roles with The Home Depot since 1999. As the Vice President of Finance, she led teams supporting the retail organization. Most recently, she was responsible for the finance function for The Home Depot's At Home Services Group. O'Farrell began her career with Andersen Consulting, LLP, leaving as an Associate Partner in 1996 for a strategic information systems role with AGL Resources.

Goforth has agreed to serve in an advisory capacity until early June to assist in the transition.