Huttig Records 3% Sales Decline in 3Q
Huttig Building Products Inc., St. Louis, MO, distributor of millwork, building materials and wood products, reported sales declined 3% in the third quarter 2006 to $294.2 million.
Sales to national accounts represented 33.5% of sales in the third quarter of 2006, as compared to 31.7% in the same period in 2005. Building products and engineered wood sales increased 4% and 3%, respectively, in the 2006 third quarter as compared to the 2005 third quarter, while sales of millwork products decreased 2% from the 2005 third quarter.
Three of Huttig's four regions experienced sales declines in the 2006 third quarter over the prior year period. Huttig's gross margins were negatively impacted by the $4.9 million of charges related to the inventory liquidations and ...