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Huttig plays some strong cards in Q4

2/20/2018

Huttig Building Products, Inc. had a strong case to make for its own solid growth in the fourth quarter and fiscal 2015 year.


"I am very pleased with our strong operational and financial performance in the fourth quarter and for the year ended December 31, 2015," said president and CEO Jon Vrabely. "Our fourth quarter performance represented the 19th consecutive quarter of year-over-year improved performance, excluding unusual items."


Net sales for the quarter came in at $155.4 million, up 7% over the prior year's fourth quarter.


Meanwhile, net income in the fourth quarter of 2015 was in the black at $0.4 million, compared to a loss of $0.5 million in the prior year quarter.


Operating income had the most impressive growth rate, increasing from $0.2 million to $1.5 million during the quarter and growing 75% for the full year to $14.5 million.


For the full year, sales of $659.6 million were up 6% from 2014. Full year 2015 net income was $26.0 million, up from $2.2 million in the prior year.


"For the year we grew revenue by 6%, improved gross profit margin by 9% and improved income before taxes from continuing operations by 110%," added Vrabely. "We continue to benefit from focused execution of our key strategic initiatives, including: accelerating profitable revenue growth, improving gross profit margin, and investing in our people. I sincerely appreciate the contributions our associates, customers, and supply partners made towards our success in 2015 and look forward to continuing our growth in 2016."


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