Masonite Int'l (DOOR) Tops Q1 EPS by 4c
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Masonite International Corporation Reports 2018 First Quarter Financial Results
May 2, 2018 4:30 PM EDTTAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation ("Masonite" or "the Company") (NYSE: DOOR) today announced results for the three months ended April 1, 2018.
Executive Summary - 1Q18 versus 1Q17
Net sales increased 6% to $518 million versus $487 million. Excluding foreign exchange, net sales increased 3%. Net income attributable to Masonite of $21 million compared to $24 million. The first quarter of 2017 included $5 million of discrete tax benefit related to share based compensation. Diluted earnings per share decreased to $0.73 from $0.77. Adjusted EBITDA* increased 17%... More