Huttig swings to profit in Q2
Huttig Building Products, the St. Louis-based distributor, reported net sales of $137.6 million for its second fiscal quarter, a 5.3% rise over sales of $130.6 million in the same quarter of 2011. Net income for the second quarter, which ended June 30, was $1.6 million, compared with a net loss of $1.9 million a year ago.
There were no significant one-time charges or additions during the quarter, Huttig’s CFO, Phillip Keipp, told Home Channel News. Sales were strongest in the millwork category, he said.
Huttig carries an assortment of building material products used principally in new residential construction, home improvement, and remodeling and repair projects. It operates through 27 distribution centers serving 41 states and sells primarily to building materials dealers, national buying groups, home centers and industrial users, including makers of manufactured homes.