Huttig reports sales growth
St. Louis-based Huttig Building Products reported sales growth of 9% in the third quarter ended Sept. 30.
Huttig reported income from continuing operations of $3.2 million in 2013 compared with $3.7 million in 2012, which included a $2.4 million gain on disposal of assets.
"We are pleased with our continued financial improvement in the third quarter,” said Jon Vrabely, Huttig's president and CEO. “It is our tenth consecutive quarter of improved net income over the comparable prior-year period, excluding significant special items.”
Huttig distributes its products through 27 distribution centers serving 41 states. And the company’s new agreement with CPG Building Products was hailed as a positive factor.
"We continue to focus on executing our profitable growth strategy, which we believe will be aided by the recent execution of a supply agreement with CPG Building Products that authorizes Huttig to distribute the entire line of AZEK and TimberTech decking, railing and trim products in 13 locations through the east region. We are generating positive cash flow from operations and positive earnings, which increases our ability to pursue growth opportunities as the market recovers."