Masonite Int'l (DOOR) Tops Q4 EPS by 9c

Masonite Int'l (NYSE: DOOR) reported Q4 EPS of $1.26, $0.09 better than the analyst estimate of $1.17. Revenue for the quarter came in at $619 million versus the consensus estimate of $573.38 million.

Full Year 2021 Outlook:

The Company expects full-year 2021 net sales growth in the range of 7 to 10 percent, primarily driven by increases in AUP, continued recovery in residential end markets and new business wins, offset by continued softness in non-residential end markets. The Company anticipates a negligible impact from foreign exchange on net sales in 2021.

The Company expects 2021 Adjusted EBITDA* to be in the range of $415 million to $445 million and diluted adjusted earnings per share* of $7.40 to $8.30.

"We entered 2021 with significant momentum," Mr. Heckes continued. "With favorable end market conditions and shifting consumer preferences, we believe 2021 will be a pivotal year for Masonite's growth and our commitment of delivering doors that do more."

A quantitative reconciliation of Adjusted EBITDA* and diluted adjusted earnings per share* to the corresponding GAAP information is not provided for the 2021 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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