The 2020 Mid-Year Economic Update_long

Huttig Building Products Sales Up 4% in 2Q

Year-to-date sales increased 6.1 percent year-over-year.

Huttig Building Products Inc. (NASDAQ: HBP), St. Louis, MO, a distributor of millwork, building materials and wood products, reported second quarter sales of $175.1 million, up 4 percent over the same period a year ago. Profit increased 59.4 percent to $5.1 million.

For the first six months, sales were $322.5 million, up 6.1 percent year-over-year. Profit was $5.1 million, compared to a year-ago loss of $0.8 million.

"We are pleased with the continued improvement in our financial performance that we achieved in the second quarter compared to our prior year," said Jon Vrabely, president and CEO. "The residential housing market is growing, but continues to lag most 2015 industry forecasts. Despite lower than forecasted market growth, through the continued execution of our strategy, we were successful in growing our revenue and gross profit while leveraging the investment we have made in the business over the past several years."

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.