Norcraft Cabinets Q4 sales rose 13%, net income rose 42%. An IPO gathered $107.3 Million to retire debt. A move to higher margin cabinetry hurt Q4 sales, which grew at a slower pace than the year as a whole. (NYSE:NCFT)
Norcraft Companies, kitchen and bathroom cabinetry manufacturer of Mid Continent Cabinetry, Norcraft Cabinetry, UltraCraft, StarMark Cabinetry and Fieldstone Cabinetry, began trading on the New York Stock Exchange Nov. 6, 2013 at $16 a share.
Norcraft Companies, Inc., a leading manufacturer of kitchen and bathroom cabinetry in the United States and Canada, announced the upsizing and pricing of its initial public offering to 6,397,073 shares at $16..
Net sales increased $14.4 million, ever 19%, to $90.2 million in the second quarter, reversing a year ago loss. Norcraft job openings at three manufacturing sites include CNC operator, builders, and three finisher positions.