The 2020 Mid-Year Economic Update_long

Huttig Building Products 2Q Sales Climb 13%

Profit increased 23 percent to $3.2 million.

Huttig Building Products Inc. (NASDAQ: HBP), St. Louis, MO, a distributor of millwork, building materials and wood products, reported second-quarter sales of $168.7 million, up 13 percent over the same period a year ago. Profit increased 23 percent to $3.2 million.

For the first six months, sales were $304 million, up 11 percent year-over-year. The distributor reported a net loss for the period of $800,000, compared with year-ago profit of $200,000.

"While continuing to improve, the residential construction market continues to show moderate signs of volatility with growth rates varying greatly by region," said Jon Vrabely, president and CEO.

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