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.
Merillat Cabinets parent Masco Corporation says net sales rose 3% to $2 billion first quarter. "In the Cabinets and Related Products segment, our efforts to improve execution are paying off as we increased sales to home centers and builders," says CEO Keith Allman.
By offering kitchen cabinet accessories online, Merillat Cabinetry is easing the accessory buying process and delivering on its promise to keep customers satisfied
IKEA cabinets outranked Thomasville, Armstrong, and Diamond cabinets , to earn JD Powers highest customer satisfaction rating for the second year in a row.
Masco Corp. (NYSE: MAS) announced a new name for its services business spin-off. TopBuild corp.TopBuild will be comprised of the Masco Contractor Services (MCS) business and insulation installation company.
By Ben Dain
Cabinetry, vanity and residential remodeling supplier Masco Corporation (NYSE: MAS) declared a quarterly dividend of $.09 per share, payable on February 9, 2015, to shareholders of record on January 9, 2015.
Lily Ann Cabinets, a manufacturer and distributor of kitchen cabinets, will move into the former Merillat plant in Lenawee County, OH.
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.