Masonite Q1 net sales $668M (-8%), adj EPS $1.29 (-31%); pending sale of Architectural; Owens Corning deal approved

MASONITE INTERNATIONAL CORP

2024-Q1 EPS reported $2.74 revenue$668,339,000

Net sales $668M (-8% YoY); GAAP diluted EPS $2.74 (+60%) on net income $61M; adjusted EPS $1.29 (-31%).
Adjusted EBITDA $97M (-9% YoY); margin 14.5% vs 14.6% prior year.
Shareholders approved pending acquisition by Owens Corning; closing expected in H2 2024.
Company announced pending sale of Architectural segment to sharpen focus on residential markets.
Fleetwood acquisition integration on track; disciplined price-cost management supported residential margins.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

MASONITE INTERNATIONAL CORP reported the three months ended March 31, 2024 results: revenue $668, net income $61, EPS $2.74.

Period: the three months ended March 31, 2024
Revenue: $668
Net income: $61
EPS: $2.74
Result: reported results

Exact text from the filing

or the "Company") (NYSE: DOOR) today announced results for the three months ended March 31, 2024. ($ in millions, except per share amounts) 1Q24 1Q23 % Change Net sales $668 $726 (8%) Net income attributable to Masonite $61 $38 +59% % of net sales 9.1% 5.3% +380 bps Diluted earnings per share $2.74 $1.71 +60% Adjusted EPS* $1.29 $1.88 (31%) Adjusted

View on SEC.gov

710 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0000893691-24-000025

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.