Huttig keeps its streak going

Huttig Building Products is riding a streak – 20 consecutive quarterly improvements over the prior year’s quarter, excluding unusual items.

“We had another strong quarter and are off to a great start in 2016,” said Jon Vrabely, Huttig president and CEO. The company’s net sales increased 7.7% to $158.8 million. Net income was $1.4 million, compared to $0 in the same quarter last year.

Vrabely pointed to the company’s acquisition of BenBilt Building Systems, completed on April 4 and which significantly increased Huttig’s geographic coverage in the Mid-Atlantic and “strengthens our position as the largest value-add millwork wholesale distributor and door fabricator in the country."

The company’s sale increase was primarily due to higher levels of construction activity and the addition of a new product line.

Sales increased in the millwork and building products category but declined in the wood products category in 2016 compared to 2015. Millwork sales increased 12% in 2016 to $80.2 million. Building products sales increased 6% in 2016 to $62.2 million.

Wood product sales decreased 2% in 2016 to $16.4 million primarily due to pricing volatility, lower levels of project shipments, and a decreased focus on lower margin products.