With sales gains, Huttig narrows Q4 loss

Huttig Building Products reported net sales for the fourth quarter of $134.8 million, up from $125.6 million the year before. The net loss for the quarter was $400,000, an improvement over 2012's fourth-quarter loss of $2.8 million.  

For the 12 months ended Dec. 31, sales came in at $561.5 million, up 7.8% from 2012. The St. Louis-based distributor swung to a profit for the full year with a net income of $3.2 million, compared to a loss of $500,000 in 2012.

"We continued to show year over year financial improvement in 2013," said president and CEO Jon Vrabely. "We are pleased to report our eleventh consecutive quarterly improvement in net income, excluding special significant items. In addition, our liquidity position has strengthened through our operating results."

Noting that Huttig began trading on NASDAQ in December, Vrabely stated that the company's focus remains on driving profit and delivering strong results for stakeholders.

Login or Register to post a comment.