Masonite International Corporation's net sales increased 6% to $518 million in the 3Q 2017, from $490 million in the comparable period of 2016. The increase in net sales was a result of a 3% increase in volume, due primarily to higher volumes in our North American Residential and Europe segments, a 2% increase in average unit price and a 1% benefit from foreign exchange.
Total company gross profit was essentially flat at $104 million in the 3Q 2017 compared to the 3Q 2016. Gross profit margin decreased 110 basis points to 20.1%, due primarily to higher materials costs and distribution inefficiencies related to maintaining customer service levels.
Net sales increased 2% to $1,524 million in the first nine months of 2017, from $1,493 million in the comparable period of 2016.
Total company gross profit decreased 2% to $307 million in the first nine months of 2017, from $313 million in the first nine months of 2016. Gross profit margin decreased 90 basis points to 20.1%, due to operational inefficiencies primarily in the North American Residential segment.
Masonite International Corporation is a leading global designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling; and the non-residential building construction markets.
