Masonite: 2Q Earnings Snapshot
Aug. 08, 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.