Masonite Int'l (DOOR) Tops Q1 EPS by 4c

Masonite Int'l (NYSE: DOOR) reported Q1 EPS of $0.77, $0.04 better than the analyst estimate of $0.73. Revenue for the quarter came in at $487 million versus the consensus estimate of $497.61 million.

• Net sales decreased slightly to $487 million versus $489 million.
• Average unit prices increased in all three reportable segments.
• Net income attributable to Masonite increased to $24 million versus $18 million.
• Diluted earnings per share increased to $0.77 from $0.57.
• Adjusted EBITDA* decreased to $53 million from $58 million.
• Repurchased 144,447 shares of stock in the first quarter or approximately $11 million.

quarter in 2016. Disappointingly, our manufacturing performance in our North American Residential segment was poor in the quarter offsetting the impact of solid average unit price increases in all segments,” said Fred Lynch, President and CEO. “While 2017 began slowly compared to last year, both sales and operating performance improved sequentially each month in the quarter. We remain optimistic about the market conditions through the remainder of the year and are pleased with our progress on key strategic initiatives aimed at delivering our long term growth framework.”

For earnings history and earnings-related data on Masonite Int'l (DOOR) click here.

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