Huttig Building Products Sales Up 3.5% in 1Q - Modern Distribution Management

Huttig Building Products Sales Up 3.5% in 1Q

Building products sales continued to decline, while millwork and wood products sales posted gains.

Huttig Building Products (HBPI.PK), St. Louis, MO, reported sales for first quarter 2010 were $103.5 million, a 3.5% increase over first quarter 2009. The building materials distributor recorded a loss of $5.8 million, compared to a year-ago loss of $14.3 million.

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Sales increased in all major product categories in 2010 from 2009 except building products. Millwork sales increased 7% in 2010 to $51.6 million. Building product sales decreased 3% in 2010 to $41.1 million. Wood products increased 13% to $10.8 million in 2010.

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