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Masonite: 4Q Earnings Snapshot

Posted at 5:12 AM, Feb 19, 2019
and last updated 2019-02-19 05:12:32-05

TAMPA, Fla. (AP) — Masonite International Corp. (DOOR) on Monday reported fourth-quarter net income of $12.3 million.

On a per-share basis, the Tampa, Florida-based company said it had profit of 46 cents. Earnings, adjusted for one-time gains and costs, were 68 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The door maker for the housing industry posted revenue of $528.4 million in the period, meeting Street forecasts.

For the year, the company reported profit of $92.7 million, or $3.33 per share. Revenue was reported as $2.17 billion.

Masonite expects full-year earnings in the range of $3.60 to $4.40 per share.

Masonite shares have risen 28 percent since the beginning of the year. The stock has fallen 16 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