Masonite Int'l (DOOR) Tops Q1 EPS by 93c

Masonite Int'l (NYSE: DOOR) reported Q1 EPS of $2.89, $0.93 better than the analyst estimate of $1.96. Revenue for the quarter came in at $726.2 million versus the consensus estimate of $688.91 million.

Full Year 2022 Outlook:

• “We are very encouraged by our strong financial performance in the first quarter but recognize that the macro environment in both North America and Europe is rapidly evolving,” said Russ Tiejema, Executive Vice President and CFO. “The entire Masonite team is focused on optimizing our operations while driving forward our Doors That Do More™ Strategy. At this time, we are optimistic that we can meet or exceed the 2022 full year outlook we provided in February.”
• A quantitative reconciliation of Adjusted EBITDA* and diluted adjusted earnings per share* to the corresponding GAAP information is not provided for the 2022 outlook because it is difficult to predict the GAAP measures that are excluded from Adjusted EBITDA* such as restructuring costs, asset impairments, share based compensation expense and gains/losses on sales of subsidiaries and PP&E.

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

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