Huttig Building Products, Inc., St. Louis, MO, a domestic distributor of millwork, building materials and wood products, reported a net loss of $2.5 million for the second quarter ended June 30, 2008. Huttig reported a profit of $1.1 million for the same quarter 2007. Sales were $195.4 million in the second quarter, a decline of 18% from the same period a year ago.
Sales continued to be impacted by the persistent weakness in the new housing starts.
In this challenging environment, we continue to focus on controlling expenses, improving operating efficiencies, reducing inventories, generating cash, and gaining market share,” said Jon Vrabely, president and CEO. “Our 2008 second quarter sales decline of 18%, year-over-year, is well below the 30% decline in housing …
Huttig Building Products Sales Decline 18% in 2Q
Huttig Building Products, Inc., St. Louis, MO, a domestic distributor of millwork, building materials and wood products, reported a net loss of $2.5 million for the second quarter ended June 30, 2008. Huttig reported a profit of $1.1 million for the same quarter 2007. Sales were $195.4 million in the second quarter, a decline of 18% from the same period a year ago.
Sales continued to be impacted by the persistent weakness in the new housing starts.
In this challenging environment, we continue to focus on controlling expenses, improving operating efficiencies, reducing inventories, generating cash, and gaining market share,” said Jon Vrabely, president and CEO. “Our 2008 second quarter sales decline of 18%, year-over-year, is well below the 30% decline in housing …
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