Building materials distributor Huttig Building Products Inc. (NASDAQ: HBP), St. Louis, MO, reported sales for 2014 of $623.7 million, an 11 percent increase from the previous year. Profit decreased 31.3 percent to $2.2 million.
Sales for the fourth quarter were $145.2 million, up 8 percent from the prior-year period. The company reported a loss of $0.5 million for the fourth quarter, compared to a loss of $0.4 million for the same period the previous year.
"The housing market continued to show modest improvement in 2014 though the single family segment growth was not as robust as many had anticipated," said Jon Vrabely, president and CEO. "We were pleased that our revenue growth outpaced the market as we executed on our strategic growth initiatives, including the introduction of new products in our building materials business."
