Huttig Q2 loss widens

2/20/2018

Huttig Building Products, the St. Louis-based distributor, reported sales of $119.9 million in its second quarter of 2009, a 39% drop from sales of $195.4 million in the same quarter last year. The company posted a net loss of $6 million for the quarter, which ended June 30. This compares with a net loss of $2.5 million in the second quarter of 2008.

Slowed housing starts resulted in a sales decrease across all product categories, according to Huttig. General building products sales dropped 34% to $58.3 million. Millwork sales decreased 40% to $50.6 million. Other wood products, mostly commodity products, decreased 50% to $8.4 million, and engineered wood sales were down 58% to $2.6 million.

Huttig is a two-step distributor of lumber, panels, decking, windows, doors, fasteners and other building materials. The company serves 45 states through 28 distribution centers.

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