Huttig Sees Successful Quarter

Huttig Building Products, Inc., had net sales of $245.3 million in the third quarter of 2021. As well, its gross margins increased to 23.2 per cent, net earnings increased to $18.7 million, and total liquidity increased to $168.5 million, all from the prior-year quarter. The increase in net sales was primarily attributable to an increase in residential construction activity as compared to the third quarter of 2020 and impacted by an improved pricing environment where demand-driven pricing was pronounced due to higher input costs, including labour and materials, caused primarily by supply chain disruptions.