Value Microcaps Motherboard

[researcher59]

IMPL: Should benefit from robust contruction in the Southeast

HBP, Huttig Building Products reported strong Q1 results with EPS of .20, well ahead of analyst estimates of .15. They reported especially strong y/y sales in the Southeast, up a very strong 24%. That bodes very well for IMPL Q1 results. Trailing PE for IMPL is now below 7, with a Nasdaq listing hopefully just 2 weeks away ! Here's an excerpt from the HBP earnings PR ....

Same branch sales increased 7% year over year, with one less selling day compared to last year's first quarter. On a sales per day basis, same branch sales increased 10%. Southeast sales increased 24% (excluding Dallas) as demand rebounded after last year's hurricanes, more than offsetting a 4% decline in the Northeast associated with a temporary reduction of demand due to a restricted winter shipping schedule during February and March. Sales in the West increased nearly 11%, despite heavy rains, while sales in the Midwest were flat versus the prior year. Sales to national accounts, a strategically important customer segment, increased 11.8%, to $70.9 million.