Improving performance
Cornerstone Building Brands posted strong results for Fiscal 2021, with strong housing market activity buoying revenue. Company sales amounted to $5.6 billion, representing a 20.9% increase compared to the previous year. Operating profit also showed marked improvement, accounting for $1.1 billion compared to the previous year’s $266.5 million operating loss. The company posted growth across all of its major segments, which include Windows, Siding and Commercial units.
New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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