The 2020 Mid-Year Economic Update_long

Huttig Building Products 3Q Sales Fall 3.2%

Decrease in sales for the building materials distributor reflect continued challenges in residential construction market.

Huttig Building Products, St. Louis, MO, reported third-quarter sales of $127.2 million, a decrease of 3.2 percent from third quarter 2009. The decrease reflects continued challenges in the residential construction market, including the expiration of the home buyer tax credit in April.

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The building materials distributor recorded a loss in the third quarter of $4.5 million, compared to a year-ago loss of $1.1 million.

For the first nine months, sales were up 3.8 percent to $364.6 million. Net loss for the period was $12.6 million, compared with $21.4 million for the same period a year ago.

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