Masonite Int'l (DOOR) Tops Q3 EPS by 18c
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Masonite International Corporation Reports 2016 Third Quarter Results
November 8, 2016 4:30 PM ESTTAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation ("Masonite" or "the Company") (NYSE: DOOR) today announced results for the three and nine months ended October 2, 2016.
Executive Summary
Net sales increased $13.9 million, or 3% compared to the third quarter of 2015, to $489.6 million. Excluding foreign exchange, net sales would have increased 5%. Excluding foreign exchange and adjusting for the sale of MAL1, net sales would have increased 8%. Net income attributable to Masonite increased $48.3 million to $32.0 million in the third quarter of 2016. Adjusted EBITDA2 increased $14.6 million, or 29%, to $65.1... More