Huttig points to financial growth
St. Louis-based Huttig Building Products saw net sales increase 4% to $175.1 million in the second quarter ended June 30. Income from continuing operations jumped from $3.4 million to $5.4 million.
Huttig CEO Jon Vrabely said the company was pleased with the second-quarter performance.
"The residential housing market is growing, but continues to lag most 2015 industry forecasts," he said. "Through the continued execution of our strategy, we were successful in growing our revenue and gross profit while leveraging the investment we have made in the business over the past several years."
The 130-year-old company reported total avaialbe liquidity of $61.6 million, compared to $45.6 million at the same time last year.