U.S. – Masonite International Corporation, the undisputed international leader in interior doors, announced steady sales growth of 8.2% and a net profit for the second quarter of 2014, putting the company back in the black after it suffered a loss in the same quarter last year.
Fred Lynch, president and CEO, remarked upon the improvement in the adjusted EBITDA, which increased 31.6% to USD 44.1 million, marking the company’s highest figure for the metric in five years.
“Previously announced price increases, a slowly improving U.S. housing market and tight operational cost control allowed us to deliver our strongest quarterly results in five years,” said Lynch.
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