HBP - Huttig Building Products jumps 16% post Q1 results reports net income of $8.1M

Huttig Building Products ([[HBP]] +16.7%) reported Q1 net sales growth of 5.8% Y/Y to $214.7M; Net earnings increased to $8.1M, compared to a loss of $8.9M a year ago.Company says the increase in net sales was primarily attributable to an increase in residential construction activity.Q1 Gross margin improved by 114 bps to 21.3%; and operating margin of 4.1%.Adj. EBITDA for the quarter was $10.5M (+200% Y/Y); and margin improved by 320 bps to 4.9%.Total cash used in operating activities for the quarter was $16.5M, compared to $14.5M a year ago.Company’s liquidity increased to $85.4M compared to $55.4M a year ago.Previously: Huttig Building Products reports Q1 results (May 3)

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Huttig Building Products jumps 16% post Q1 results, reports net income of $8.1M