ST. LOUIS -- Huttig Building Products Inc., a domestic distributor of millwork, building materials and wood products, announced Feb. 7 a loss of $2.6 million for the quarter ended Dec. 31, 2006, according to Building Online. The company had sales of $231.1 million in the final quarter of 2006, and for the year reported net sales of $1.1 billion and operating loss of $4.1 million.
"The housing market continues to be difficult. During the past two quarters, we have closed or consolidated five branches, trimmed our workforce by approximately 300 positions, or 14%, while entering into a new credit facility with more favorable terms," said Jon P. Vrabely, president and CEO. "We will continue to take actions to become more efficient and improve our cost structure in order to reduce our operating expenses and bring them in line with market conditions."
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