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Huttig Building Products, a Woodgrain Company, one of the largest domestic distributors of millwork, building materials and wood products, has entered into a new distribution partnership with Fiberon, a leading manufacturer of composite wood-alternative decking and railing products. The partnership supports Fiberon’s continued growth in the outdoor living space, and significantly expands the company’s distribution through Huttig in the Southeast region of the United States. This press...

FRUITLAND, Idaho and ST. LOUIS, May 03, 2022 (GLOBE NEWSWIRE) -- Woodgrain Inc. (“Woodgrain”) and Huttig Building Products, Inc. (“Huttig,”) are pleased to announce that Woodgrain has completed its acquisition of Huttig, a leading distributor of millwork, building materials, and wood products. This acquisition will significantly increase Woodgrain’s distribution network, its product offering, and its value-added services. The cash tender offer for Huttig announced on March 28, 2022...

FRUITLAND, Idaho and ST LOUIS, April 25, 2022 (GLOBE NEWSWIRE) -- Woodgrain Inc. (“Woodgrain”) today announced that it is extending its previously announced tender offer to purchase all outstanding shares of common stock of Huttig Building Products, Inc. (“Huttig”) (NASDAQ: HBP) until 11:59 p.m., New York City time, on Monday, May 2, 2022. As announced on March 28, 2022, Woodgrain commenced, through its wholly owned subsidiary HBP Merger Sub, Inc., a tender offer to purchase all...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Huttig Building Products, Inc. (NasdaqCM: HBP) to Woodgrain Inc. Under the terms of the proposed transaction, shareholders of Huttig will receive only $10.70 in cash for each share of Huttig that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration...

NEW YORK, March 28, 2022 (GLOBE NEWSWIRE) -- Woodgrain Inc. (“Parent”) announced today that its affiliate, HBP Merger Sub, Inc. (“Purchaser”), commenced the previously announced cash tender offer for all of the issued and outstanding shares of Common Stock (the “Shares”) of Huttig Building Products, Inc. (Nasdaq: HBP) (“Huttig”) at a price of $10.70 per share, net to the seller, in cash, without interest and less applicable withholding taxes. The tender offer is being made...

SHAREHOLDER ALERT: Weiss Law Investigates Huttig Building Products, Inc. PR Newswire NEW YORK, March 22, 2022 NEW YORK , March 22, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Huttig Building Products, Inc. ("Huttig" or the "Company") (NASDAQ: HBP), in connection with the proposed tender offer for the Company by Woodgrain Inc. ("Woodgrain"). Under the terms of the tender offer, the Company's...

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Huttig Building Products, Inc. (NASDAQ: HBP) to Woodgrain Inc. for $10.70 per share is fair to Huttig Building shareholders. Halper Sadeh encourages Huttig Building shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected] . The investigation concerns whether Huttig Building...

Shareholder Alert: Ademi LLP investigates whether Huttig Building Products, Inc. has obtained a Fair Price in its transaction with Woodgrain PR Newswire MILWAUKEE, March 22, 2022 MILWAUKEE , March 22, 2022 /PRNewswire/ -- Ademi LLP is investigating Huttig (NASDAQ: HBP) for possible breaches of fiduciary duty and other violations of law in its transaction with Woodgrain. Click here to learn how to join the action: https://www.ademilaw.com/case/huttig-building-products-inc or call Guri Ademi...

FRUITLAND, Idaho and ST. LOUIS, March 21, 2022 (GLOBE NEWSWIRE) -- Woodgrain Inc. (“Woodgrain”) and Huttig Building Products, Inc. (“Huttig,” or the “Company”) (NASDAQ: HBP) are pleased to announce a definitive agreement has been reached whereby Woodgrain will purchase Huttig, a leading distributor of millwork, building materials, and wood products. This acquisition will significantly increase Woodgrain’s distribution network, its product offering, and its value-added services....

Fourth Quarter 2021 Highlights (compared to prior year quarter) Net sales increased 24.8% to $230.4 million compared to $184.6 million Gross margins increased to 21.8% compared to 20.1% Gross margins were reduced by a LIFO valuation adjustment of $7.3 million and $1.1 million, representing 317 basis points and 60 basis points, in 2021 and 2020, respectively Net income from continuing operations was $7.4 million compared to $0.3 million Total liquidity increased to $166.5 million compared to...

ST. LOUIS, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Huttig Building Products (Nasdaq: HBP), one of the nation's largest wholesale distributors of millwork and specialty building products used principally in new residential construction and home improvement, plans to release its fourth quarter 2021 financial results on Wednesday, March 02, 2022 after market close. An earnings call with management is scheduled for Thursday, March 03, 2022 at 10:00 a.m. Central Daylight Time. Participants can listen to...

Third Quarter 2021 Highlights (as compared to prior year quarter): Net sales of $245.3 million compared to $212.7 million Gross margins increased to 23.2% compared to 20.1% Net earnings increased to $18.7 million compared to $6.1 million Total liquidity increased to $168.5 million compared to $69.8 million Adjusted EBITDA increased to $17.5 million compared to $8.5 million ST. LOUIS, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Huttig Building Products, Inc. (“Huttig” or the “Company”) (NASDAQ:...

ST. LOUIS, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Huttig Building Products (Nasdaq: HBP), one of the nation's largest wholesale distributors of millwork and specialty building products used principally in new residential construction and home improvement, plans to release its third quarter 2021 financial results on Wednesday, November 3, 2021 after market close. An earnings call with management is scheduled for Thursday, November 4, 2021 at 10:00 a.m. Central Daylight Time. Participants can listen to...

ST. LOUIS, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Huttig Building Products, Inc. (“Huttig” or the “Company”) (NASDAQ: HBP), a leading domestic distributor of millwork, building materials and wood products, today announced that its Board of Directors, consistent with its strategic review process and in consultation with its financial and legal advisors, has initiated a process to evaluate potential strategic alternatives to maximize shareholder value. No assurances can be given regarding the...

ST. LOUIS, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Huttig Building Products, Inc. (NASDAQ:HBP), a leading domestic distributor of millwork, building materials and wood products, today announced it has entered into a new $250 million senior credit facility. The facility has a five-year tenure and can be expanded to $325 million through an uncommitted $75 million accordion, subject to certain conditions. JPMorgan Chase Bank, N.A. is Administrative Agent, Joint Bookrunner and Joint Lead Arranger. Bank...

ST. LOUIS, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Huttig Building Products, Inc. (“Huttig”) (NASDAQ: HBP), a leading domestic distributor of millwork, building materials, and wood products, announced today that one of Huttig’s board members was recognized for her role in corporate governance. Gina Hoagland, a member of Huttig Building Products’ Board of Directors, was recognized as a 2021 Director to Watch by Directors & Boards, a publication focused on corporate governance. Directors to...

Second Quarter 2021 Highlights (as compared to prior year quarter): Net sales of $247.4 million compared to $192.0 million Gross margins increased to 22.4% compared to 20.2% Net earnings increased to $14.9 million compared to $1.6 million, which included a $1.5 million restructuring charge Total liquidity increased to $100.7 million compared to $56.0 million Adjusted EBITDA increased to $17.4 million compared to $5.7 million ST. LOUIS, July 28, 2021 (GLOBE NEWSWIRE) -- Huttig Building Products,...

ST. LOUIS, July 16, 2021 (GLOBE NEWSWIRE) -- Huttig Building Products (Nasdaq: HBP), one of the nation's largest wholesale distributors of millwork and specialty building products used principally in new residential construction and home improvement, plans to release its second quarter 2021 financial results on Wednesday, July 28, 2021 after market close. An earnings call with management is scheduled for Thursday, July 29, 2021 at 10:00 a.m. Central Daylight Time. Participants can listen to the...

First Quarter 2021 Highlights (as compared to prior year quarter): Net sales of $214.7 million compared to $203.0 million Gross margins increased to 21.3% compared to 20.1% Net earnings increased to $8.1 million compared to a loss of $8.9 million, which included a $9.5 million goodwill impairment charge Total liquidity increased to $85.4 million compared to $55.4 million Reduced indebtedness by $34.7 million Adjusted EBITDA increased to $10.5 million compared to $3.5 million ST. LOUIS, May 03,...

ST. LOUIS, April 19, 2021 (GLOBE NEWSWIRE) -- Huttig Building Products (Nasdaq: HBP), one of the nation's largest wholesale distributors of millwork and specialty building products used principally in new residential construction and home improvement, plans to release its first quarter 2021 financial results on Monday, May 3, 2021 after market close. An earnings call with management is scheduled for Tuesday, May 4, 2021 at 10:00 a.m. Central Daylight Time. Participants can listen to the call...