Masonite Int'l (DOOR) Tops Q2 EPS by 32c

Masonite Int'l (NYSE: DOOR) reported Q2 EPS of $1.50, $0.32 better than the analyst estimate of $1.18. Revenue for the quarter came in at $500 million versus the consensus estimate of $489.63 million.

“We are extremely pleased with our second quarter performance and the resilience of our business, as we delivered significant margin expansion despite base volume declines,\" said Howard Heckes, President and CEO. \"We benefited from our previously implemented pricing strategy and saw demand strengthen following an initial decline early in the quarter during the onset of the COVID-19 pandemic. Operationally we faced many headwinds, yet the organization did an exceptional job addressing these challenges in order to protect our employees and serve our customers. With continued uncertainty around the impact of the ongoing pandemic, we remain keenly focused on near-term execution while also monitoring emerging trends that may contribute to our business momentum following the crisis.\

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

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