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Huttig Building Products Inc.  (HBP)
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Extraordinary earnings by Huttig Building Products Inc. in the fiscal span ending March 31 2022

Huttig Building Products Inc. recorded first quarter of 2022 operating income of $21 millions

Published 2022-08-07T20:27:34+00:00
Goran Soko / CSIMarket.com Contributer

wood_plant_By__Svetlana_Glazkina_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Common Huttig Building Products Inc. showed respectable improvement in the most recent fiscal period, where income per share surged by 86.67 % year on year to $0.56 per share and Revenue increased by 27.014 % to $272.70 millions.

From the EPS more than doubled by 129.76 % from $0.24 per share and Revenues improved by 18.359 % from $230.40 millions.

The company occurs to be pleased with the achievement and commitment of the company employees, they continue to accurately deal with obstacles and meet global consumer demand utterly and on time, while continuing with profitability.
Net earnings of $15.500 millions in the first quarter of 2022 increased by 91.36 % from net earnings of $8.100 millions reported in the first quarter of 2022 a year ago. Huttig Building Products Inc. also emphasized it's improving profit margins, where net margin rose to 5.68% in first quarter of 2022, and operating margin edged up to 7.7%.
Operating earnings, however, rose 138.64% to $21 millions.

Huttig Building Products Inc. is expected to report next financial earnings on March 02, 2023.


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