Huttig Building Products increased net sales to $175.1 million, up 4% compared to the year ago period. This increase in sales resulted in a net income of $5.1 million for the quarter, up from $3.2 million in the year ago period, with a diluted net income per share of $0.20.
President and CEO Jon Vrabley was pleased with the results. "The residential housing market is growing, but continues to lag most 2015 industry forecasts," he said in a press release. "Despite lower than forecasted market growth, through the continued execution of our strategy, we were successful in growing our revenue and gross profit while leveraging the investment we have made in the business over the past several years."
Huttig also managed to increase operating income to $6.0 million, up from $4.1 million in the year ago period. Long-term debt was reduced from $88.3 million to $77.5 million.