24
SEPTEMBER/OCTOBER 2014
LUMBER CO-OPERATOR
association
news
CERTAINTEED PRODUCTS HELP HOMES FOR OUR
TROOPS GIVE INJUREDVETERANS A FRESH START
VALLEY FORGE, Pa.—
CertainTeed Corp. has made a multi-year commitment
to Homes for Our Troops, a national
non-profit organization dedicated to
building specially adapted homes for
severely injured veterans across the nation to enable them to rebuild their lives.
The homes are provided mortgage-free to the veterans they serve.
The company’s contribution of roofing, insulation, and gypsum wallboard for
40 homes across the U.S. ensures that the homeowners will enjoy a lifetime of in-
door comfort and sustainable performance.
“Having corporate partners like CertainTeed is essential to our mission of
helping our nation’s most severely injured veterans regain their freedom and in-
dependence through the gift of a new home,” said Bill Ivey, executive director, at
Homes for Our Troops. “It’s an honor to help these heroes rebuild their lives, and
CertainTeed’s involvement ensures our homes are built using only the best materi-
als and finest craftsmanship available, and will stand the test of time.”
The one-story homes feature an open floor plan, going beyond ADA com-
pliance, with roll-in showers, roll-under cooktops and sinks, and other standard
accessibility items. The homes may also include specialized items including lift sys-
tems, keyless door entry, and voice activation controls. Each home is constructed
by teams of skilled laborers on site to build, paint and landscape.
Each home will be outfitted with a complete CertainTeed Integrity Roof Sys-
tem™, comprised of underlayments, shingles, accessory products, and ventilation
all working together to provide optimum performance. Asphalt shingle choices will
include the durable Landmark™ 30-year color-blended line of shingles.
CertainTeed is also providing complete interior wall systems for the homes,
including Sustainable Insulation® fiberglass batts and a variety of high-perfor-
mance wallboard. For areas of the home prone to moisture, such as bathrooms and
laundry rooms, the team will install M2Tech® moisture and mold resistant gyp-
sum board and Diamondback® GlasRoc® tile backer. CertainTeed Type X gypsum
board will be used in the garage and mechanical room, and each home’s attic will
be insulated with InsulSafe® SP premium blowing wool.
A typical home takes five to seven months to build and costs an average of
$430,000. The organization has built more than 166 such homes for wounded ser-
vice members since 2004.
For more information about Homes for Our Troops, visit
.
LC
(continued from pg. 22)
HUTTIG BUILDING PRODUCTS,
INC. ANNOUNCES SECOND
QUARTER 2014 RESULTS
ST. LOUIS—
Huttig Building Products,
Inc. reported the following financial
results for the second quarter ended
June 30, 2014.
Net sales in the second quarter
2014 were $168.7 million, represent-
ing a 13% increase over prior year net
sales of $148.9 million. Net sales for
the first six months were $304 million,
representing an 11% increase over pri-
or year net sales of $273.4 million.
Income from continuing opera-
tions was $3.4 million in the second
quarter 2014 compared to $2.8 million
a year ago. Income from continuing
operations for the first six months was
$2.6 million compared to $0.8 million
a year ago.
Net income in the second quarter
2014 was $3.2 million compared to
$2.6 million a year ago. Net loss for the
first six months was $0.8 million com-
pared to net income of $0.6 million
a year ago. Year-to-date charges from
discontinued operations were $3.4 mil-
lion in 2014 compared to $0.2 million
a year ago.
Adjusted EBITDA was $5.2 million
in the second quarter 2014 compared to
$4.6 million a year ago. Adjusted EBIT-
DA for the first six months was $6.1 mil-
lion compared to $4 million a year ago.
“While continuing to improve, the
residential construction market con-
tinues to show moderate signs of vola-
tility with growth rates varying greatly
by region,” said Jon Vrabely, Huttig’s
president and CEO. “Though the
unpredictability of the market poses
certain challenges, through our contin-
ued focus on improving financial per-
formance and profitable sales growth,
(continued on pg. 26)
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