Publicly traded kitchen and bath cabinetry manufacturers are reporting positive quarterly sales, as the Kitchen Cabinet Manufacturing Assn. reports improved numbers for two months running.
KCMA said in its August 2011 Trend of Business report that wood cabinetry sales rose 2.9 percent; and KCMA reported a 2.3 percent rise in September based on its survey of members, which represent 70 percent of the overall industry totals.That is is the first time KCMA reports have stayed in positive territory since March through May 2010 quarter.
Quarterly results from publicly traded firms generally echo KCMA's results, moving into positive territory. But profits remain under pressure, with net income declining at several big cabinetry manufacturers.
Updated: 10/25/2011 12:13:00 PM
Cabinetry giant Masco Corp. says net sales increased three percent to $2 billion for the third quarter ended Sept. 30. North American sales were flat while international sales increased 12 percent.
By Bill Esler | Updated: 11/11/2011 1:31:00
Cabinetry firm Norcraft Companies says sales rose 2.7 percent third quarter reaching $67.7 million. But net income fell by $1.7 million, moving Norcraft to a loss of $700,000. Read more
By Bill Esler | Updated: 11/14/2011 9:36:00
Cabinetry refacing business is up and U.S. Home Systems saw a 258 percent rise in profits, on a 10 percent increase in third quarter sales to $43.5 million. Read more
Updated: 11/02/2011 10:24:00 PM
Newly independent parent of MasterBrand Cabinets, says kitchen and bath cabinetry net sales were up 4 percent, with sucess in in-stock cabinetry and vanity programs at Lowe's and the Martha Stewart Living line of cabinets at The Home Depot.
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