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

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Masonite International Corporation Reports 2020 Fourth Quarter and Full Year Financial Results; Provides 2021 Outlook

February 24, 2021 4:12 PM EST

TAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation ("Masonite" or "the Company") (NYSE: DOOR) today announced results for the three months and full year ended January 3, 2021.

Executive Summary - 4Q20 versus 4Q19

Net sales increased 16% to $619 million versus $531 million. Net income attributable to Masonite increased to $27 million from $2 million. Net income in the prior year includes the impact of $12 million in restructuring charges. Diluted earnings per share increased to $1.08 from $0.06 and diluted adjusted earnings per share* increased to $1.26 from $0.69. Adjusted EBITDA* increased to... More