Sales slip at Huttig Building Products
Huttig Building Products, the St. Louis-based distributor, reported net sales of $99.5 million for the quarter that ended March 31, 2011, approximately 3.9% lower than the same quarter in 2010. Sales declined in both the millwork and building products categories but increased in the wood product category in 2011 from 2010. Millwork sales decreased approximately 8% in 2011 to $47.3 million. Building product sales decreased approximately 1% in 2011 to $40.8 million. Wood products sales increased approximately 6% to $11.4 million in 2011.
The company posted a net loss of $6.7 million for the quarter, compared with a loss of $5.8 million in the corresponding quarter of 2010.
Huttig is a two-step distributor of lumber, panels, decking, windows, doors, fasteners and other building materials. It operates through 27 distribution centers serving 41 states and sells primarily to building materials dealers, national buying groups, home centers and industrial users, including makers of manufactured homes.