Norcraft 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.
Bill Esler, Associate Publisher/ Editor in Chief, Woodworking Network Bill is responsible for editing Custom Woodworking Business and coordinating all content for Wood & Wood Products , CLOSETS , Woodworkingnetwork.com and Closetsdaily.com, along with related newsletters. Bill’s expertise includes using innovative print manufacturing techniques to grow audience engagement, using textured offset, digital printing, purls, QR codes; and lead-generating webcasts, custom websites, and custom digital and print content.
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