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Norcraft Companies is a privately-held company that operates in the wood products industry. Norcraft Companies headquarters are located in Eagan, Minnesota.
| Company Tags: | VC Backed |
| Year Founded: | 1966 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Eagan |
| State/Province: | Minnesota |
| Country: | United States |
| Phone: | View |
| Fax: | View |
| Website: | www.norcraftcompanies.com |
| Parent Companies: | Norcraft Holdings, L.P. |
| Subsidiaries: | Norcraft Canada Corporation |
| Brands: | Fieldstone Cabinetry Mid Continent Cabinetry Norcraft Cabinetry StarMark Cabinetry UltraCraft Cabinetry |
| Manufacturing & Industrial > Furniture & Fixtures Manufacturing > Home Furniture & Furnishing Manufacturing |
| Manufacturing & Industrial > Wood Product Manufacturing > Millwork |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Export All Norcraft Companies Financials To Excel
$99 Single Company AccessInstant Full Site-Wide Access| Income Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
| Net Sales Revenue | View | View | View | View | View | View | $404,639,000 | $330,275,000 | $256,676,000 | $203,860,000 |
| Cost of Goods and Services Sold | View | View | View | View | View | View | $282,541,000 | $227,433,000 | $172,259,000 | $141,705,000 |
| Gross Profit | View | View | View | View | View | View | $122,098,000 | $102,842,000 | $84,417,000 | $62,155,000 |
| Selling, General and Administrative Expenses | View | View | View | View | View | View | $64,874,000 | $58,244,000 | $47,889,000 | $36,031,000 |
| Amortization - Other | View | View | $3,772,000 | $2,589,000 | $658,000 | $301,000 | ||||
| Impairment of Goodwill | View | View | ||||||||
| Impairment of Intangible Assets | View | |||||||||
| Operating Expense - Other | $4,127,000 | $0 | ||||||||
| Operating Income/(Loss) | View | View | View | View | View | View | $57,224,000 | $44,598,000 | $32,401,000 | $26,124,000 |
| Interest Expense | View | View | View | $4,639,000 | $2,574,000 | |||||
| Net Interest Income/(Expense) | View | View | View | ($14,893,000) | ($15,897,000) | |||||
| Non-operating Expense - Other | View | View | View | |||||||
| Non-operating Income/(Expense) - Other | View | View | View | ($220,000) | $58,000 | ($1,248,000) | ($641,000) | |||
| Non-operating Income/(Expense) | View | View | View | View | View | View | ($18,885,000) | ($18,428,000) | ($6,545,000) | ($3,516,000) |
| Net Income (Loss) | View | View | View | View | View | View | $38,339,000 | $26,170,000 | $25,856,000 | $22,608,000 |
| Balance Sheet | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| Cash and Cash Equivalents | View | View | View | View | View | View | $933,000 | $823,000 | $2,583,000 |
| Net Accounts Receivable Trade | View | View | View | View | View | View | $37,015,000 | $33,056,000 | $24,063,000 |
| Net Inventories | View | View | View | View | View | View | $24,197,000 | $21,886,000 | $16,948,000 |
| Prepaid Expenses | View | View | View | View | View | View | $1,921,000 | $1,497,000 | $2,000,000 |
| Current Assets | View | View | View | View | View | View | $64,066,000 | $57,262,000 | $45,594,000 |
| Net Property, Plant and Equipment | View | View | View | View | View | View | $44,928,000 | $34,959,000 | $32,168,000 |
| Goodwill | View | View | View | View | View | View | $148,459,000 | $148,459,000 | $148,459,000 |
| Finite-Lived - Customer Relationships | View | View | View | View | $57,197,000 | $61,664,000 | $66,131,000 | ||
| Finite-Lived - Trade Names | View | View | View | View | $49,000,000 | $49,000,000 | $49,000,000 | ||
| Intangible Assets (Excluding Goodwill) | View | View | |||||||
| Deferred Financing Costs | View | View | View | View | $5,344,000 | $9,116,000 | $11,509,000 | ||
| Deposits Assets Noncurrent | $91,000 | $120,000 | |||||||
| Noncurrent Other Assets | View | View | View | View | View | View | $111,000 | $6,034,000 | $3,861,000 |
| Assets | View | View | View | View | View | View | $369,105,000 | $366,585,000 | $356,842,000 |
| Accounts Payable | View | View | View | View | View | View | $10,817,000 | $7,299,000 | $6,704,000 |
| Accrued Expenses - Other | View | ||||||||
| Accrued Expenses | View | View | View | View | View | View | $20,537,000 | $19,888,000 | $23,375,000 |
| Bank Overdrafts | $1,666,000 | ||||||||
| Current Portion of Long-Term Debt | View | View | View | $0 | $0 | $5,000,000 | |||
| Current Liabilities | View | View | View | View | View | View | $33,020,000 | $27,187,000 | $35,079,000 |
| Long-Term Debt | View | View | View | View | View | View | $150,000,000 | $180,500,000 | $190,000,000 |
| Other Noncurrent Payables | View | View | View | ||||||
| Commitments and Contingencies | View | View | View | View | $0 | ||||
| Noncurrent Other Liabilities | View | View | View | View | View | View | |||
| Total Temporary Equity | View | View | View | View | $0 | $0 | |||
| Stockholders' Equity | View | View | View | View | View | View | $186,085,000 | $158,898,000 | $131,763,000 |
| Liabilities and Stockholders' Equity | View | View | View | View | View | View | $369,105,000 | $366,585,000 | $356,842,000 |
| Cash Flow Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
| Operating Activities Beginning Net Income | View | View | View | View | View | View | $38,339,000 | $26,170,000 | $25,856,000 | $22,608,000 |
| Adjustment Amortization - Intangibles (Non-Productive) | View | View | View | View | View | View | $4,467,000 | $4,467,000 | ||
| Amortization | View | View | View | View | View | View | $8,073,000 | $3,179,000 | ||
| Depreciation and Amortization | View | View | View | View | View | View | $4,800,000 | $4,278,000 | $3,333,000 | $2,897,000 |
| Adjustment Provision for Other Losses | View | View | View | |||||||
| Other Adjustments to Provision for Doubtful Accounts | View | View | View | |||||||
| Total Adjustments to Provision for Doubtful Accounts | View | View | View | $7,645,000 | $4,535,000 | $4,313,000 | $4,689,000 | |||
| Asset Impairment Charges | View | View | View | $4,127,000 | $0 | |||||
| Gain/(Loss) on Sale/Retirement of Property, Plant and Equipment | ($255,000) | |||||||||
| Adjustment for Equity Based Compensation Expense | View | View | View | View | View | View | $277,000 | $386,000 | $0 | $0 |
| Adjustment Intangible Asset Excluding Goodwill | $869,000 | $0 | ||||||||
| Adjustment Inventory | View | View | View | View | View | View | ($247,000) | ($36,000) | $471,000 | $1,937,000 |
| Adjustment Realized Gains Losses On Sale Asset | View | View | View | View | View | View | $0 | ($7,000) | $109,000 | $0 |
| Adjustments to Other Deferred Charges | $2,589,000 | |||||||||
| Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) | View | $2,664,000 | $2,197,000 | |||||||
| Change Accounts Receivable | View | View | View | View | View | View | $6,973,000 | $11,193,000 | $7,814,000 | $4,255,000 |
| Increase/(Decrease) in Inventories | View | View | View | View | View | View | $1,943,000 | $4,942,000 | $2,115,000 | $1,163,000 |
| Change Prepaid Expenses Other Current Assets | ($504,000) | ($443,000) | $605,000 | |||||||
| Change Prepaid Expenses Other Assets | View | View | View | View | View | View | $424,000 | |||
| Increase/(Decrease) in Deferred Charges | ($658,000) | ($301,000) | ||||||||
| Increase/(Decrease) in Other Non-operating Assets | View | View | View | View | View | View | $20,000 | ($29,000) | $24,000 | $59,000 |
| Increase/(Decrease) in Accounts Payable and Accrued Expenses | View | View | View | View | View | View | ($1,020,000) | ($2,788,000) | $2,952,000 | ($786,000) |
| Net Cash Flows Provided By/(Used In) Operating Activities | View | View | View | View | View | View | $53,229,000 | $27,171,000 | $35,842,000 | $27,761,000 |
| Purchase of Property, Plant and Equipment | View | View | View | View | View | View | $6,110,000 | $12,388,000 | $3,118,000 | $1,772,000 |
| Purchase of Lease | $5,000,000 | $0 | ||||||||
| Purchase of Other Investments | $2,732,000 | $2,349,000 | ||||||||
| Acquisition of Businesses, Net of Cash Acquired | $316,334,000 | $15,655,000 | ||||||||
| Proceeds from Sale of Other Assets | View | View | $0 | |||||||
| Purchase of Other Assets | View | View | View | View | View | View | $6,710,000 | |||
| Proceeds from Sale of Property, Plant and Equipment | View | View | View | View | View | View | $83,000 | $77,000 | $214,000 | $0 |
| Net Cash Flows Provided By/(Used In) Investing Activities | View | View | View | View | View | View | ($12,737,000) | ($12,311,000) | ($326,970,000) | ($19,776,000) |
| Net Increase/(Decrease) in Bank Overdrafts | View | $1,666,000 | $0 | |||||||
| Proceeds from Lines of Credit | $8,500,000 | $54,712,000 | $60,288,000 | |||||||
| Other Proceeds from Short Term Borrowings | $45,000,000 | $0 | ||||||||
| Proceeds from Short-Term Borrowings | View | |||||||||
| Repayments on Lines of Credit | $8,500,000 | $53,990,000 | $58,179,000 | |||||||
| Repayments Bank Debt | $1,395,000 | $71,000 | ||||||||
| Repayments on Notes Payable | View | View | View | View | View | |||||
| Proceeds from Senior Debt | View | View | View | View | $150,000,000 | $0 | ||||
| Reduction of Capital Lease Obligations | $7,000 | $9,000 | ||||||||
| Repayments from Senior Debt | View | $0 | ||||||||
| Repayments Debt | $30,500,000 | $14,500,000 | $9,421,000 | $7,948,000 | ||||||
| Financing Costs | View | View | View | View | View | View | $0 | $196,000 | $11,900,000 | $0 |
| Proceeds from Issuance of Common Stock | View | View | View | View | View | View | $572,000 | $553,000 | $129,658,000 | $693,000 |
| Repurchase of Common Stock | View | View | View | $1,949,000 | $535,000 | $0 | $0 | |||
| Payment of Dividends | View | View | View | View | View | View | $9,945,000 | $2,030,000 | ||
| Distributions to Affiliates | $0 | $0 | ||||||||
| Cash Provided by/(Used in) Financing Activities - Other | ($8,973,000) | ($2,713,000) | ||||||||
| Net Cash Flows Provided By/(Used In) Financing Activities | View | View | View | View | View | View | ($40,156,000) | ($16,708,000) | $293,684,000 | ($7,939,000) |
| Effect of Exchange Rate on Cash and Cash Equivalents | View | View | View | View | View | View | ($226,000) | $88,000 | $55,000 | $0 |
| Increase/(Decrease) in Cash and Cash Equivalents | View | View | View | View | View | View | $110,000 | ($1,760,000) | $2,611,000 | $46,000 |
| Cash and cash equivalents at the beginning of the year | View | View | View | View | View | View | $823,000 | $2,583,000 | $0 | $13,000 |
| Total Cash and cash equivalents at the end of the year | View | View | View | View | View | View | $933,000 | $823,000 | $2,583,000 | $59,000 |
| Cash Interest Expense | View | View | View | View | View | View | $14,986,000 | $19,235,000 | $2,401,000 | $2,667,000 |
| Supplemental Property Plant Equipment Acquired | $216,000 | |||||||||
| Supplemental Other Net | $0 | $3,176,000 |
| Financial Notes: | |
| * | Norcraft Companies fiscal year end: 12/31 |
Export All Norcraft Companies Financials To Excel
$99 Single Company AccessInstant Full Site-Wide AccessNorcraft Companies Net Sales Revenue ($ MM): |
Norcraft Companies Cost of Goods and Services Sold ($ MM): |
Norcraft Companies Gross Profit ($ MM): |
Norcraft Companies Selling, General and Administrative Expenses ($ MM): |
Norcraft Companies Amortization - Other ($ MM): |
Norcraft Companies Operating Income/(Loss) ($ MM): |
Norcraft Companies Interest Expense ($ MM): |
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Norcraft Companies Net Property, Plant and Equipment ($ MM): |
Norcraft Companies Goodwill ($ MM): |
Norcraft Companies Finite-Lived - Customer Relationships ($ MM): |
Norcraft Companies Finite-Lived - Trade Names ($ MM): |
Norcraft Companies Intangible Assets (Excluding Goodwill) ($ MM): |
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Norcraft Companies Liabilities and Stockholders' Equity ($ MM): |
Norcraft Companies Operating Activities Beginning Net Income ($ MM): |
Norcraft Companies Adjustment Amortization - Intangibles (Non-Productive) ($ MM): |
Norcraft Companies Amortization ($ MM): |
Norcraft Companies Depreciation and Amortization ($ MM): |
Norcraft Companies Adjustment Provision for Other Losses ($ MM): |
Norcraft Companies Other Adjustments to Provision for Doubtful Accounts ($ MM): |
Norcraft Companies Total Adjustments to Provision for Doubtful Accounts ($ MM): |
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Norcraft Companies Adjustment for Equity Based Compensation Expense ($ MM): |
Norcraft Companies Adjustment Inventory ($ MM): |
Norcraft Companies Adjustment Realized Gains Losses On Sale Asset ($): |
Norcraft Companies Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) ($ MM): |
Norcraft Companies Change Accounts Receivable ($ MM): |
Norcraft Companies Increase/(Decrease) in Inventories ($ MM): |
Norcraft Companies Change Prepaid Expenses Other Assets ($): |
Norcraft Companies Increase/(Decrease) in Other Non-operating Assets ($): |
Norcraft Companies Increase/(Decrease) in Accounts Payable and Accrued Expenses ($ MM): |
Norcraft Companies Net Cash Flows Provided By/(Used In) Operating Activities ($ MM): |
Norcraft Companies Purchase of Property, Plant and Equipment ($ MM): |
Norcraft Companies Proceeds from Sale of Other Assets ($): |
Norcraft Companies Purchase of Other Assets ($ MM): |
Norcraft Companies Proceeds from Sale of Property, Plant and Equipment ($): |
Norcraft Companies Net Cash Flows Provided By/(Used In) Investing Activities ($ MM): |
Norcraft Companies Net Increase/(Decrease) in Bank Overdrafts ($ MM): |
Norcraft Companies Repayments on Notes Payable ($ MM): |
Norcraft Companies Proceeds from Senior Debt ($ MM): |
Norcraft Companies Financing Costs ($ MM): |
Norcraft Companies Proceeds from Issuance of Common Stock ($ MM): |
Norcraft Companies Repurchase of Common Stock ($ MM): |
Norcraft Companies Payment of Dividends ($ MM): |
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Norcraft Companies Effect of Exchange Rate on Cash and Cash Equivalents ($): |
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Norcraft Companies Cash and cash equivalents at the beginning of the year ($ MM): |
Norcraft Companies Total Cash and cash equivalents at the end of the year ($ MM): |
Norcraft Companies Cash Interest Expense ($ MM): |
Norcraft Companies Total Employees: |
Export Financials to Excel
$99 Single Company AccessInstant Full Site-Wide Access| Date | Investor | Round | Investor Type | |
| Jul. 2011 | View | A | Venture Capital | |
| Jul. 2011 | View | A | Private Equity & Venture Capital | |
| Details | Total Round A View | |||
| Total of Funding Shown Above View | ||||
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$99 Single Company AccessInstant Full Site-Wide AccessBusiness Overview
Norcraft Companies is a leader in manufacturing, assembling and finishing kitchen and bathroom cabinetry in the U.S. and parts of Canada. Norcraft Companies provides its customers with a single source for a broad range of cabinetry, including stock, semi-custom and custom cabinets manufactured in both framed and frameless, or full access, construction.
Norcraft Companies markets its products through six main brands: Mid Continent Cabinetry, Norcraft Cabinetry, UltraCraft, StarMark Cabinetry, Fieldstone Cabinetry, and Brookwood. With the exception of Norcraft Cabinetry, each of these brands represents a distinct line of cabinetry and has been in operation for over 25 years, with Mid Continent, Norcraft Companies’ original brand, having been established in 1966. In 2008, Norcraft Companies’ Winnipeg, Canada facility completed the transition to the production of cabinets for sale into the Canadian market under the Norcraft Canada brand.
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