Masco cabinetry sales fall six percent as it exits new construction business
October 30, 2016 | 9:01 pm CDT
Masco-Headquarters.jpg
TAYLOR, Mich. - Kitchen cabinet sales for Masco fell six percent as it exits the multi-unit construction business. Overall, the diversified businesses of Masco - whose businesses include Delta faucets and Milgaurd windows, as well as cabinetry lines Kraftmaid, Duracraft and Merillat Cabinet -  grew 7 percent, tracking the bustling home improvement and single family home markets. 
 
Sales overall for the third quarter increased 2 percent to $1.9 billion 
 
“Our performance in the third quarter reflects our continued execution against our strategic initiatives,”  “We invested in our industry leading brands to drive growth, and continued to improve profitability by leveraging our operations and selectively exiting lower margin business in our Cabinetry segment," said Masco’s president and CEO, Keith Allman. 
 
Plumbing products net sales increased 5 percent; paint, coatings, and other decorative architectural products’ net sales increased 2 percent with growth from paints and other coating products; cabinetry products’ net sales decreased 6 percent due to the exit of lower margin business in the builder channel, which was partially offset by growth in the retail and dealer channels; and windows and other specialty products’ net sales decreased 1 percent. 
 
"The fundamentals for long-term demand in both repair and remodel and new home construction continue to be positive,” said Allman.  

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About the author
Bill Esler | ConfSenior Editor

Bill wrote for WoodworkingNetwork.com, FDMC and Closets & Organized Storage magazines. 

Bill's background includes more than 10 years in print manufacturing management, followed by more than 30 years in business reporting on industrial manufacturing in the forest products industries, including printing and packaging at American Printer (Features Editor) and Graphic Arts Monthly (Editor in Chief) magazines; and in secondary wood manufacturing for WoodworkingNetwork.com.

Bill was deeply involved with the launches of the Woodworking Network Leadership Forum, and the 40 Under 40 Awards programs. He currently reports on technology and business trends and develops conference programs.

In addition to his work as a journalist, Bill supports efforts to expand and improve educational opportunities in the manufacturing sectors, including 10 years on the Print & Graphics Scholarship Foundation; six years with the U.S. WoodLinks; and currently on the Woodwork Career Alliance Education Committee. He is also supports the Greater West Town Training Partnership Woodworking Program, which has trained more than 950 adults for industrial wood manufacturing careers. 

Bill volunteers for Foinse Research Station, a biological field station staddling the border of Ireland and Northern Ireland, one of more than 200 members of the Organization of Biological Field Stations.