TAYLOR, MI — Cabinetry manufacturer Masco Corp. (NYSE: MAS) sales rose 10% second quarter, accelerated by the strength of new home construction in North America – which grew even faster, at 11%. International sales rose 7%.
Decorative Architectural Products drove sales growth through new product introductions and the continued success of programs with retail partners, says Masco. Cabinets and Related Products achieved profitability by remaining focused on turnaround efforts.
The improvement continues the trend from the fourth quarter of 2012, says Masco’s President and CEO, Tim Wadhams, “against a backdrop of continued growth in North American new home construction.”
Wadhams also cited new product introductions in Decorative Architectural offerings and new products and programs at retail, and the Cabinet segment turned a profit. “We remain focused on driving profitable growth in our North American cabinetry business,” he said.
“We believe that new home construction will continue to show strong growth in 2013 and we are encouraged by the improvement in repair and remodeling trends.”
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