EAGAN, MN - Cabinetry manufacturer Norcraft reported second quarter net income declined almost 60 percent, to $1.6 million, down from $3.9 a year ago. The drop came despite a net sales increase of $0.9 million, or 1.3%, to $75.0 million for second quarter of 2011.
"The soft industry demand caused by difficult economic conditions has persisted in the first half of 2011, and we anticipate the second half of 2011 to also be challenging," said CEO Mark Buller.
Norcraft Companies manufactures, assembles and finishes kitchen and bathroom cabinetry in the U.S. including stock, semi-custom and custom cabinets manufactured in both framed and frameless construction. Its six main brands are Mid Continent Cabinetry, Norcraft Cabinetry, UltraCraft, StarMark Cabinetry, Fieldstone Cabinetry and Brookwood.
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