AP NEWS

Masonite: 2Q Earnings Snapshot

August 8, 2018

TAMPA, Fla. (AP) _ Masonite International Corp. (DOOR) on Wednesday reported second-quarter profit of $34.7 million.

The Tampa, Florida-based company said it had net income of $1.24 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The door maker for the housing industry posted revenue of $566.7 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $560.8 million.

Masonite shares have declined 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $65.50, a decrease of 10 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOOR at https://www.zacks.com/ap/DOOR

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