Masonite International Corporation’s net sales increased 9% to $567 million in the 2Q 2018, from $520 million in the comparable period of 2017, as the company said in the press release received by Lesprom Network.
Net income increased $8 million to $35 million in the 2Q 2018. Adjusted EBITDA increased 15% to $78 million in the 2Q 2018 from $68 million in the 2Q 2017.
“We had another solid quarter, with year on year sales growth driven primarily by higher average unit prices and strong performance from our acquisitions," said Fred Lynch, President and CEO. "We are pleased to see continued margin expansion across all businesses, due to continued cost control and operational improvements coupled with pricing actions taken in response to a rising inflationary environment."
Net sales increased 8% to $1,085 million in the first six months of 2018, from $1,007 million in the comparable period of 2017.
Net income increased $5 million to $56 million in the first six months of 2018. Adjusted EBITDA increased $19 million to $140 million for the first six months of 2018, from $121 million in the comparable 2017 period.
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.