Huttig reports sales growth
St. Louis-based Huttig Building Products reported sales growth of 9% in the third quarter ended Sept. 30.
Huttig reported income from continuing operations of $3.2 million in 2013 compared with $3.7 million in 2012, which included a $2.4 million gain on disposal of assets.
"We are pleased with our continued financial improvement in the third quarter,” said Jon Vrabely, Huttig’s president and CEO. “It is our tenth consecutive quarter of improved net income over the comparable prior-year period, excluding significant special items.”
Huttig distributes its products through 27 distribution centers serving 41 states. And the company’s new agreement with CPG Building Products was hailed as a positive factor.
"We continue to focus on executing our profitable growth strategy, which we believe will be aided by the recent execution of a supply agreement with CPG Building Products that authorizes Huttig to distribute the entire line of AZEK and TimberTech decking, railing and trim products in 13 locations through the east region. We are generating positive cash flow from operations and positive earnings, which increases our ability to pursue growth opportunities as the market recovers."
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Snavely Forest Products expands decking lines
Snavely Forest Products — Dallas has expanded its product offerings to include TimberTech’s full decking and railing collection, which it will distribute statewide in Texas in addition to a complete line of AZEK products.
"We only invest in high-quality products," said general manager Dave Adams. "TimberTech decking and railing is the option we are produ to carry and provide to our customers in Texas."
The company cites a robust housing recovery in Texas and increased demand for new products in the building materials industry.
Snavely has corporate headquarters in Pittsburgh, Penn., with sales and distribution centers located in Pittsburgh, Maryland, Texas, Colorado and North Carolina.
Owens Corning celebrates its 75th anniversary
Insulation giant Owens Corning is celebrating its 75th anniversary.
"Our 75th anniversary provides a great opportunity to celebrate where we’ve been and who we are as a company, and get excited about our bright future," said Mike Thaman, chairman and CEO. "What makes our employees most proud is that our products improve people’s lives. Homes and buildings are more energy efficient. Cars are lighter and conserve more fuel. Wind blades are longer and stronger. Our commitment to our customers is to enable them to deliver those solutions to worldwide markets."
The company was founded on an initial discovery that glass building blocks could be made into commercial quantities of glass fibers. On Oct. 31, 1938, Owens-Illinois and Corning Glass banded together to create the Toledo, Ohio-based company.
Other recent milestones for the company include the 2014 Green Cross for Safety Medal from the National Safety Council, having reduced its injuries from more than 1,000 to less than 100 per year.
Owens Corning also earned placement on the Dow Jones Sustainability World Index for the fourth consecutive year – this time, as the Industry Leader for the DJSI World Building Products component.