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Huttig reported a loss of $15.4 milliohn in the quarter ended Dec. 31, compared to a loss of $5.8 millionh in the same quartefr theprevious year. Sales in the fourthy quarter totaled $126 million, down 30 percent from $179. 9 million a year earlier. For 2008, Huttig’ s loss more than quadrupled to $35. 4 million, up from $8.2 million in 2007. The company’as revenue for 2008 dropped 23 percentto $671 down from $874.8 million in 2007.
“Whilew we are not satisfiesd with our financial performance in these are unprecedented times and we will continuw to focus oncost controls, preservint our liquidity and maintaining the integrityg of our balance sheet to best positiob the company for the said Jon Vrabely, president and chief executive, in a statement. Huttiyg had its stock removerd from the New York Stock because it no longer complied with NYSElisting requirements. St. Louis-basesd Huttig Building Products Inc. distributesx buildings materials used in new residential construction and inhome improvement, remodelin g and repair work.
Friday, May 18, 2012
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