Norcraft Cabinets Loses $1.7M as Sales Jump 9.1% to $73.9M

By Bill Esler | Posted: 11/09/2012 3:57PM

 

Norcraft Starmark cabinetry lineNorcraft posted a net loss despite a sales rise in the third quarter. Among its brands is Starmark Cabinetry. EAGAN, MN - Cabinetry manufacturer Norcraft Cos.' net sales rose 9.1%, to $73.9 million, but  losses more than tripled, to $1.7 million in the 3rd quarter 2012, for the maker of Mid Continent Cabinetry, Norcraft Cabinetry, UltraCraft, StarMark Cabinetry, Fieldstone Cabinetry and Brookwood.

"We are disappointed with our results," commented president and CEO, Mark Buller, blaming the decline in profits on discounting by competitors. Buller said he expects growth from the housing recovery to turn things around.

"We are optimistic about these early signs of recovery in the new home construction and home improvement markets and our ability to leverage the growth into improved profitability," he said.

Norcraft cabinet lines include stock, semi-custom and custom cabinets manufactured in both framed and frameless, or full access construction

 


 

About the Author

Bill Esler, Woodworking Network, WMS

Bill Esler

Bill Esler, Editorial Director, Woodworking Network Bill is responsible for overall content at WoodworkingNetwork.com Woodworking Network magazine, and related newsletters. Bill also manages event programs for Woodworking Network Live conferences at the Woodworking Machinery & Supplies Expo in Toronto and Cabinets & Closets Expo. He developing audience engagement programs using custom digital printing, live lead-generating events, custom websites, and custom digital and print content. Read Bill Esler's woodworking blogs. He can be reached at besler@woodworkingnetwork.com or follow him on Google+.

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