Norcraft Cabinets Loses $1.7M as Sales Jump 9.1% to $73.9M
November 10, 2012 | 4:39 pm CST
Norcraft Cabinets Swings to Loss as Sales Rise

 Norcraft Cabinets Loses $1.7M as Sales Jump 9.1% to $73.9MEAGAN, MN - Cabinetry manufacturer Norcraft Cos.' net sales rose 9.1%, to $73.9 million, but  losses more than tripled, to $1.7 million in the 3rd quarter 2012, for the maker of Mid Continent Cabinetry, Norcraft Cabinetry, UltraCraft, StarMark Cabinetry, Fieldstone Cabinetry and Brookwood.

"We are disappointed with our results," commented president and CEO, Mark Buller, blaming the decline in profits on discounting by competitors. Buller said he expects growth from the housing recovery to turn things around.

"We are optimistic about these early signs of recovery in the new home construction and home improvement markets and our ability to leverage the growth into improved profitability," he said.

Norcraft cabinet lines include stock, semi-custom and custom cabinets manufactured in both framed and frameless, or full access construction


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