Norcraft Loss Widens As Sales Rise

By Bill Esler | 05/09/2012 5:32:00 PM

 

click image to zoomNorcraft CabinetryNorcraft's six main brands are Mid Continent Cabinetry, Norcraft Cabinetry, UltraCraft, StarMark Cabinetry, Fieldstone Cabinetry and Brookwood. EAGAN, MN - Kitchen cabinet manufacturer Norcraft Companies says net sales increased $3.7 million, or 5.7%, during the first quarter of 2012, to $67.9 million. While income from operations increased 11.7 percent to $4.7 million for first quarter 2012, net loss almost doubled from $1.3 million for the first quarter of 2011 to $2.5 million for first quarter of 2012.

"We grew sales and profit more than expected," says CEO, Mark Buller, "however, we anticipate the balance of 2012 will be very challenging in the highly competitive cabinet industry where consumers are continuing to be cautious about big- ticket purchases."

Norcraft Companies manufactures, assembles and finishes kitchen and bathroom cabinetry for the U.S. and parts of Canada, including stock, semi-custom and custom cabinets manufactured in both framed and frameless, or full access, construction. Products through six main brands: Mid Continent Cabinetry, Norcraft Cabinetry, UltraCraft, StarMark Cabinetry, Fieldstone Cabinetry and Brookwood.

 

 

RELATED ARTICLES

No matching related articles at this time.

 

SHARE THIS

ABOUT THE AUTHOR: Bill Esler

Bill Esler woodworkingnetwork Wood Lumber Custom Cabinets 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. Read Bill Esler's woodworking blogs

 


Comments (1) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left

Dennis Owens    
Report Abuse
spring lake, NJ  |  June, 05, 2012 at 01:34 PM

Good Afternoon,

We are buying Norcraft cabinets with maple doors for our kitchen. Is there anyplace where I can find a cost/price list for their standard sized wall and base cabinets? I expect to pay more for the cabinets with drawers but not for the standard shelf cabinets.

Thx

Dennis


© Copyright
Vance Publishing Corporation
All rights reserved.

Woodworking Network
About Us
Contact Us
Advertise
Ad Upload
Our Communities
WoodworkingNetwork.com
Wood & Wood Products
Custom Woodworking Business
Red Book
Closets Daily
Vance Publishing
CWB List Rental
W&WP List Rental
Terms of Use
Privacy Policy
VancePublishing.com
Site map
Feedback Form
Leads to Insight