Huttig Building Products Sales Up 5.4% in 2Q - Modern Distribution Management

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Huttig Building Products Sales Up 5.4% in 2Q

Higher construction activity returned the distributor of building materials to profit.

Huttig Building Products, Inc., St. Louis, MO, reported second-quarter sales of $137.6 million, a year-over-year increase of 5.4 percent. The increase was driven primarily by higher construction activity in the quarter. Profit for the second quarter was $1.6 million, compared with a year-ago loss of $1.9 million.

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For the first six months, sales were $254.1 million, up 10.4 percent over the same period a year ago. The distributor of millwork, building materials and wood products recorded a net loss for the period of $1.3 million, compared to a loss of $8.4 million last year.

In its filing with the SEC, the company stated: "While we expect the severe downturn in new residential construction to continue to adversely affect our operating results throughout 2012, and while housing starts remain well below long-term historical levels, the decline in annualized housing starts appears to have leveled off since 2008 with modest levels of improvement recognized in 2011 and into 2012."

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