Masonite reports positive net income in 3Q-2013

Dec 6, 2013 | Furniture Manufacturer | 0 comments

U.S. – Masonite International Corp., the global leader in door manufacture, reported that its third-quarter net income was USD 3.6 million, compared to net loss of USD 9.9 million in the comparable quarter last year.

Total revenue rose 1.9% to USD 433.05 million, from USD424.96 million in the prior year quarter. Net sales increased 4.2% to USD 1.31 billion in the nine months ended September 29, 2013, from USD 1.26 billion in the comparable period of 2012. The increase was primarily driven by improvements in average unit prices. On September 9, 2013, the common shares of Masonite began trading on the New York Stock Exchange under the ticker symbol “DOOR.”

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