Huttig Building Products Sales Up 8% in 2Q - Modern Distribution Management

Log In

Huttig Building Products Sales Up 8% in 2Q

The building products distributor expects adverse effects from residential construction levels to continue throughout 2013.
Author
Date

Huttig Building Products, St. Louis, MO, reported second-quarter sales of $148.9 million, a year-over-year increase of 8 percent. Profit was $2.6 million, compared with $1.6 million for the same period a year ago.

Sales increased in all product categories from 2012. Millwork sales increased 15 percent to $70.9 million. Building products sales, which were negatively impacted by a decline in storm driven roofing sales, increased 1 percent to $61.5 million. Wood product sales increased 9 percent to $16.5 million.

"Our sales depend heavily on the strength of local and national new residential construction, home improvement and remodeling markets," the company said in its quarterly SEC filing. "While macro-economic conditions within the new residential construction market have improved modestly over the last several years, housing starts remain well below historical levels. As such, we expect the downturn in new residential construction to continue to adversely affect our operating results throughout 2013."

For the six months ended June 30, sales were $273.4 million, up 7.5 percent year over year. Profit was $600,000, compared to a year-ago loss of $1.3 million.

Share this article

About the Author
Recommended Reading
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.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

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

Subscribe to continue reading

MDM Premium Subscribers 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.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.