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In the fourth quarter, specialty sales increased 8.7 percent driven by a 6.6 percent increase in unit volume as the company continues its focus on these value-added products. Structural sales increased 7 percent driven by a 2.8 percent increase in unit volume and increases in product selling prices.
"While annual housing starts in 2011 were once again weaker than expected, I am pleased that we were able to narrow our operating loss for the year by approximately $16 million," said George Judd, president and CEO. "A lot of work remains in order for us to return to profitability, but I am confident that we are up to the task."