Building Product Demand Drives Huttig Sales

Huttig Building Products, Inc. had net sales of $247.4 million for the second quarter of 2021, up 28.9 per cent over net sales in the second quarter of 2020. The increase was primarily attributable to an increase in residential construction activity as compared to the second quarter of 2020, which was significantly impacted by the onset of the pandemic. Millwork sales were $97.3 million in the quarter up 19.1 per cent year-over-year; building products sales were $126.3 million compared to $97.5 million last year. Building products benefited from consistent high levels of demand for certain product lines within the category, including certain strategic product lines. Overall gross margin was $55.3 million in compared to $38.7 million in the second quarter of 2020. As a percentage of sales, gross margin was 22.4 per cent compared to 20.2 per cent last year. Adjusted earnings before taxes were $17.4 million compared to $5.7 million last year.