Masonite International Corporation Reports Third Quarter Results Featuring Margin Resilience and Strong Operating Cash Flow
Subsequent to the quarter end, we were pleased to announce the acquisition of Fleetwood, a leading manufacturer of high-end glass doors for luxury homes.
- Subsequent to the quarter end, we were pleased to announce the acquisition of Fleetwood, a leading manufacturer of high-end glass doors for luxury homes.
- SG&A as a percentage of net sales increased 260 basis points to 14% compared to the third quarter of 2022.
- Adjusted EBITDA* was $107 million in the third quarter of 2023, a decrease of 4% driven primarily by the impact of volume declines.
- During the third quarter, Masonite repurchased approximately 106,329 shares of stock for $10 million, at an average price of $94.05.