Masco Cabinetry Sales Fall 5 Percent

Problems in sales of kitchen cabinetry and vanities followed Masco Corporation (NYSE: MAS) into the third quarter, with sales in the category down 5 percent. The rest of Masco's home improvement categories brought operating profit growth and flat net sales in the third quarter of 2015.

KBIS and IBS 2015 Certain To Draw Crowds

As KBIS and IBS 2015 open in Las Vegas, the two shows - one for home interiors, the other for home construction - are certain to draw big crowds. Watch for painted cabinets - especially grey - LED lighting, and hardware innovation.

Masco Spinning Off $1.8 Billion Installation Service Group

Masco, parent of Masco Cabinetry and its Merillat and KraftMaid lines, says it will spin-off its installation and services businesses into a publicly-traded company. It also will buy back 50 million shares and plans to lay off 40 percent of headquarters staff.
By admin