Huttig Building Products reported net income of $3 million in the third quarter of 2013, compared to $3.6 million in the same period a year before, although sales rose 9% to $153 million in the quarter over second quarter 2012 sales of $141.1 million.
For the first nine months of the year, net income totaled $3.6 million, versus $2.3 million in the year-ago period.
Huttig president and CEO Jon Vrabley said the third quarter represented the 10th in a row of improved net income, “excluding significant special items.”
“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,” Vrabley said.
Operating income in the quarter came to $3.8 million compared to $4.4 million in 2012, which included a $2.4 million gain on disposal of assets. Income from operations totaled $3.2 million in 2013 compared to $3.7 million in 2012, which included a $2.4 million gain on disposal of assets.