The FDM 300 group of companies recorded a second year in a row of sales gains in 2013.
CabinetMaker+FDM calculated annual sales for this group of 300 companies to be $39.630 billion in 2013, an increase of 5.3 percent over sales reported and estimated for the year 2012.
The sales increases in 2012 and 2013 come after five consecutive years of declines.
To see the complete list, look at the February 2014 CabinetMaker+FDM digital edition.
A year ago, we estimated sales for this group of 300 companies in the United States and Canada to be $37.632 in 2012. That was an increase of 4 percent over sales for this group in 2011, which reached $36.167 billion.
Last year, it was the largest companies that helped pull the overall group into the positive column.
In 2013, the cabinet companies led the sales gains. Many medium-sized cabinet companies recorded solid sales increases. In furniture and millwork, results were mixed.
Last year it was more difficult to identify one group that had gained more than the others. The previous year, 2011, office and contract furniture producers led the way in increased sales.
The FDM 300 is a group of the 300 largest cabinet, furniture, millwork, store fixture, office/contract and component producers in North America. A detailed list of the top 25 companies and a summary of all 300 companies is included in our coverage in this issue.
Additional information can be found at www.cabinetmakerfdm.com by clicking on the FDM 300 tab or searching for a specific company.
It should be noted that we were not able to get updated sales and employee numbers from some privately held companies, but were able to update at least part of the information on these firms. Our estimated number of employees for all 300 companies is 256,401, a decline from 2012. The actual number is believed to be smaller than that.
Also, there were 12 companies listed last year that are no longer included, along with 12 new companies and a few name changes and consolidations, which we will detail in future issues. As far as we were able to determine, only four companies on the 2012 list went out of business.
Here’s a look at some of the largest companies in the FDM 300:
Ten largest FDM 300 companies in 2013:
1. Steelcase Inc. The largest company in the FDM 300 this year reported a solid increase in sales for its 2013 fiscal year of more than $100 million over the previous year.
2. Ashley Furniture Industries Inc. Figure does not include estimate of retail store sales.
3. Herman Miller Inc. Sales were up again for the publicly traded office and contract company.
4. HNI Corp. Sales number is based on third quarter sales for the office furniture segment. Sales were up slightly. Artco-Bell, Midwest Folding and LSI Corp. divisions were added in 2012.
5. MasterBrand Cabinets, the Fortune Brands Home and Security’s kitchen and bath cabinetry segment, recorded sales gains, and purchased WoodCrafters in Texas, a large FDM 300 cabinet producer. Figure is based on the first three quarters.
6. Andersen Corp. Sales number is our estimate for 2013.
7. Haworth recorded annual sales of $1.31 billion for its most recent fiscal year in February 2012. Sales were down primarily due to the sales of the Castelli and Lacasse divisions.
8. La-Z-Boy Inc. Sales represent fiscal 2013 sales for the company’s upholstery and casegoods segment, and do not include sales from the retail segment.
9. Jeld-Wen Inc. We do not have a figure from the company. This is an estimate of window and door business, not including resorts and landholdings. Part of Jeld-Wen was bought by Onex two years ago.
10. Masco Corp. The figure here is based on third quarter sales for the cabinet and related products segment.
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