Huttig Building Products Inc. reported financial results for the first quarter ended March 31, 2014, showing an increase of 9 percent in net sales from the first quarter of 2013.

Net sales in the first quarter 2014 were $135.3 million, representing a 9-percent increase over prior year net sales of $124.5 million. Net loss from continuing operations was $0.8 million in the first quarter 2014 compared to a net loss of $2.0 million a year ago. Net loss, including discontinued operations, was $4.0 million compared to $2.0 million a year ago. The company recorded a $3.1 million charge for environmental liabilities related to a formerly owned property in Montana. This charge is reflected in discontinued operations. Adjusted EBITDA was $1.0 million in the first quarter 2014 compared to negative $0.5 million a year ago. Total available liquidity was $41.9 million at March 31, 2014 compared to $37.7 million a year ago.

“Despite a challenging business environment as a result of the unusually poor weather in the first quarter, our financial results from continuing operations continued to improve as we executed on our strategy of delivering profitable sales growth for our shareholders,” says Jon Vrabely, Huttig’s president and CEO. “We have been, and will continue to reinvest in our business to take advantage of market opportunities and further strengthen our financial performance.”

At March 31, 2014, Huttig had $2.4 million of cash and cash equivalents plus $39.5 million of excess availability under its credit facility for total available liquidity of $41.9 million. A year ago, Huttig had $1.2 million of cash and cash equivalents plus $36.5 million of excess availability under its credit facility for total available liquidity of $37.7 million. Total debt was $78.7 million and $72.5 million at March 31, 2014 and 2013, respectively.

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