Huttig Building Products Q1 Shows Yearly Sales Uptick

May 5th, 2016 by Editor

Huttig Building Products recently reported its financial results for the first quarter of 2016, which saw a 7.2 percent increase year-over-year.

First quarter 2016 highlights include:

  • Net sales of $158.8 million;
  • Gross margin of 20.2 percent;
  • Net income of $1.4 million; and
  • A total available liquidity of $82.6 million.

“We had another strong quarter and are off to a great start in 2016,” says Jon Vrabely, Huttig president and CEO. “We continued to execute our strategic plan delivering our 20th consecutive quarterly improvement over the prior year’s quarter, excluding unusual items. In addition, our acquisition of BenBilt Building Systems significantly increases our geographic coverage in the Mid-Atlantic and strengthens our position as the largest value-add millwork wholesale distributor and door fabricator in the country.”

The acquisition of BenBilt Building Systems was completed in early April, and the financial results will be included beginning in the second quarter of 2016.

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