Masonite: Q1 Earnings Snapshot
By AP News
Published - May 08, 2023, 05:51 PM ET
Last Updated - Jun 21, 2023, 09:51 PM EDT
TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Masonite International Corp. (DOOR) on Monday reported first-quarter profit of $38.5 million.
On a per-share basis, the Tampa, Florida-based company said it had net income of $1.71. Earnings, adjusted for one-time gains and costs, were $1.88 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The door maker for the housing industry posted revenue of $726 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $685.9 million.
