Norcraft Companies, L.P., a manufacturer of kitchen and bathroom cabinetry in the U.S. and Canada, recently reported its financial results for the second quarter ended June 30, 2013.
Comparing the second quarter of fiscal 2013 compared with the second quarter of fiscal 2012 shows net sales increased $14.4 million, or 19.1%, from $75.8 million for the second quarter of 2012 to $90.2 million for the same quarter of 2013. Income from operations increased $2.4 million, or 34.2%, from $6.7 million for the second quarter of 2012 to $9.1 million for the same quarter of 2013. Net income (loss) increased $2.3 million from $0.5 million of loss for the second quarter of 2012 to $1.8 million of income for the same quarter of 2013.
“We are pleased with the Company's top and bottom line performance for the quarter,” said president and CEO, Mark Buller. “The economic and industry growth appears to be getting stronger as the year progresses, and we have begun seeing our margins improve as a result of increased operating leverage and strong product mix.”
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