Huttig Building Products Profit Falls in 2Q
Huttig Building Products Inc., St. Louis, MO, a distributor of millwork, building materials and wood products, reported sales of $296.3 million in the second quarter ended June 30, 2006, up 5% from the same period last year. Net income fell to $3.3 million from the $3.5 million reported in the second quarter of last year.
For the first half of the year, sales were $577.4 million, up from $530.8 million in the first half of 2005. Net income for the period was $5.7 million, down from the $8.8 million recorded in the same period last year.
Commenting on the quarter, Michael A. Lupo, president and CEO of Huttig, said: "Sales in the 2006 second quarter were lower than we originally anticipated due to a slowdown in the ...