Masonite Int'l (DOOR) Tops Q1 EPS by 62c; Withdraws Guidance
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Masonite International Corporation Reports 2020 First Quarter Financial Results and Temporarily Withdraws Annual Outlook
May 5, 2020 4:25 PM EDTTAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation ("Masonite" or "the Company") (NYSE: DOOR) today announced results for the three months ended March 29, 2020.
Executive Summary - 1Q20 versus 1Q19
Net sales increased 4% to $551 million versus $530 million. Net income attributable to Masonite increased to $30 million from $4 million. The increase was primarily due to higher net sales and the absence of prior year charges related to divestitures. Diluted earnings per share increased to $1.19 from $0.15 and adjusted diluted earnings per share* increased to $1.24 from... More