The 2020 Mid-Year Economic Update_long

Huttig’s Sales Down 2.2% 2Q

Millwork product sales decreased 3.9% in the second quarter of 2019.

Building materials distributor Huttig Building Products Inc. (NASDAQ: HBP), St. Louis, Missouri, reported sales of $218.5 million for the second quarter of 2019, a 2.2% decrease over the prior-year period. The company reported a loss of $10.3 million for the quarter compared to a profit of $0.2 million in the second quarter of 2018.

Millwork product sales decreased 3.9% in the second quarter of 2019 to $99.5 million, compared to $103.5 million in the second quarter of 2018, building products sales increased 1.7% in the second quarter of 2019 to $101.1 million, compared to $99.4 million in the second quarter of 2018, and wood product sales decreased 12.7% in the second quarter of 2019 to $17.9 million, compared to $20.5 million in the second quarter of 2018. 

For the first six months sales fell 1.3% to $415.9 million. The company reported a loss of $ $13.5 million compared to a loss of $0.3 million for the same period in 2018.

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