Masonite Int'l (DOOR) Tops Q2 EPS by 32c
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Masonite International Corporation Reports 2020 Second Quarter Financial Results
August 3, 2020 4:30 PM EDTTAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation ("Masonite" or "the Company") (NYSE: DOOR) today announced results for the three and six months ended June 28, 2020.
Executive Summary - 2Q20 versus 2Q19
Net sales decreased 11% to $500 million versus $563 million, due to the negative impact of COVID-19. Net income attributable to Masonite increased to $34 million from $24 million. The increase was primarily due to higher average unit price and lower selling, general and administration expenses. Diluted earnings per share increased to $1.38 from $0.96 and adjusted diluted earnings... More