Masonite Int'l (DOOR) Tops Q2 EPS by 13c, Revenues Beat

Masonite Int'l (NYSE: DOOR) reported Q2 EPS of $1.24, $0.13 better than the analyst estimate of $1.11. Revenue for the quarter came in at $567 million versus the consensus estimate of $561.28 million.

• Net sales increased 9% to $567 million versus $520 million. Excluding foreign exchange, net sales increased 7%.
• Net income attributable to Masonite of $35 million compared to $27 million.
• Diluted earnings per share increased to $1.24 from $0.89.
• Adjusted EBITDA* increased 15% to $78 million versus $68 million.
• Repurchased 269,751 shares of stock in the second quarter for approximately $16 million.

“We had another solid quarter, with year on year sales growth driven primarily by higher average unit prices and strong performance from our acquisitions," said Fred Lynch, President and Chief Executive Officer. "We are pleased to see continued margin expansion across all businesses, due to continued cost control and operational improvements coupled with pricing actions taken in response to a rising inflationary environment."

For earnings history and earnings-related data on Masonite Int'l (DOOR) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Rein Therapeutics Inc. (RNTX) Tops Q2 EPS by 39c
• Vivos Therapeutics posts 35% revenue gain but widens net loss