Ann Arbor-based Masco Corp. is exploring strategic alternatives for its cabinetry and window businesses as the manufacturer of branded home improvement and building products looks to drive greater shareholder value. The units account for 20 percent of the company's sales and 10 percent of operating profit.
“Our Cabinetry and Window businesses are leaders in their respective markets and are well positioned to continue their growth," Masco CEO Keith Allman said in a statement. "However, we believe we can potentially drive greater shareholder value by exploring strategic alternatives for these businesses. We expect to complete this review by the end of June.”
For 2018, the Cabinetry Products and Windows and Other Specialty Products segments reported a combined $1.7 billion in net sales, $120 million in operating profit and $161 million in adjusted EBITDA, which represented 20 percent of Masco’s consolidated net sales, 10 percent of consolidated operating profit, and 11 percent of consolidated adjusted EBITDA.
