May 13, 2021
Business News

Masonite International Corporation Reports 2021 First Quarter Financial Results and Raises Annual Outlook

TAMPA, Fla.–()–Masonite International Corporation (“Masonite” or “the Company”) (NYSE: DOOR) today announced results for the three months ended April 4, 2021.

Executive Summary – 1Q21 versus 1Q20

  • Net sales increased 17% to $646 million versus $551 million.
  • Net income attributable to Masonite increased to $47 million from $30 million.
  • Diluted earnings per share increased to $1.89 from $1.19 per share and adjusted earnings per share* increased to $1.93 from $1.24.
  • Adjusted EBITDA* increased to $102 million from $82 million.
  • Repurchased 84,983 shares of Masonite stock in the first quarter for approximately $10 million.

“Strong residential end market demand set the backdrop for another exceptional…

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