Huttig reports Q1 loss
Huttig Building Products posted a net loss of $3.2 million for the first quarter 2019, compared to a net loss of $500,000 in the first quarter of 2018.
The St. Louis, Mo.-based building products distributor also reported net sales of $197.4 million for the quarter, nearly flat from net sales of $198 million for the same period last year.
The company said the slight sales decrease was attributed to a “softening in markets” impacted by bad weather, including the Midwest and Northeast.
“Our sales performance in the quarter was consistent with our results in the prior year despite lower residential construction activity and severe weather across the majority of our service areas,” said Jon Vrabely, Huttig president and CEO.
Millwork product sales for the quarter were flat at $95.3 million while building product sales increased 2.9% to $88.1 million from $85.5 million for the corresponding quarter a year ago. Wood product sales decreased 18.6% to $14 million, however.
The St. Louis, Mo.-based building products distributor also reported net sales of $197.4 million for the quarter, nearly flat from net sales of $198 million for the same period last year.
The company said the slight sales decrease was attributed to a “softening in markets” impacted by bad weather, including the Midwest and Northeast.
“Our sales performance in the quarter was consistent with our results in the prior year despite lower residential construction activity and severe weather across the majority of our service areas,” said Jon Vrabely, Huttig president and CEO.
Millwork product sales for the quarter were flat at $95.3 million while building product sales increased 2.9% to $88.1 million from $85.5 million for the corresponding quarter a year ago. Wood product sales decreased 18.6% to $14 million, however.