Huttig Building Products shows growth in Q2
St. Louis-based Huttig Building Products reported second quarter sales of $148.9 million, up from $137.8 million in the same quarter last year.
Net income also showed an increase in the three months ended June 30 -- up from $1.6 million last year to $2.6 million.
Huttig distributes building products through 27 distribution centers serving 41 states. Customers are building material dealers, national buying groups, home centers and others.
The company said in its 10-Q filing that the historical downturn in new residential construction is seeing modest improvement, but the downturn is expected to "adversely affect our operating results throughout 2013."
The company added: "We believe that through our aggressive restructuring and ongoing cost control activities, we are able to mitigate the impact of the severe downturn in the housing market on our operations, while providing a more scalable cost structure to support future growth opportunities."