Masonite: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2023, 05:30 PM ET
Last Updated - Aug 08, 2023, 05:30 PM EDT
TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Masonite International Corp. (DOOR) on Tuesday reported second-quarter net income of $48.2 million.
The Tampa, Florida-based company said it had profit of $2.16 per share. Earnings, adjusted for one-time gains and costs, came to $2.30 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.
The door maker for the housing industry posted revenue of $741.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $729.1 million.
