MASONITE INTERNATIONAL Reports Earnings for FY2023 Q2 as June 30 Deadline Approaches
August 14, 2023
🌥️Earnings Overview
On August 8 2023, MASONITE INTERNATIONAL ($NYSE:DOOR) reported its earnings for Q2 FY2023 ending June 30, 2023. For the quarter, the company’s total revenue was USD 741.9 million, a decline of 2.6% year-over-year. Net income was USD 48.2 million, representing a decrease of 17.6% compared to the same period in the previous year.
Share Price
MASONITE INTERNATIONAL reported its financial results for the second quarter of FY2023 on Tuesday, as the June 30 deadline for filing the quarterly report approached. On the stock market, MASONITE INTERNATIONAL stock opened at $103.1 and closed at $101.8, down by 2.6% from its previous closing price of 104.5. Despite these challenges, they remain confident in their ability to sustain their current financial performance and leverage their strong balance sheet, cash flow, and liquidity to continue to deliver long-term value for their shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Masonite International. More…
| Total Revenues | Net Income | Net Margin |
| 2.87k | 174.87 | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Masonite International. More…
| Operations | Investing | Financing |
| 372.89 | -480.68 | 192.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Masonite International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.68k | 1.85k | 37.24 |
Key Ratios Snapshot
Some of the financial key ratios for Masonite International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 13.0% | 9.8% |
| FCF Margin | ROE | ROA |
| 8.4% | 22.2% | 6.6% |
Analysis
GoodWhale has conducted an analysis of MASONITE INTERNATIONAL‘s financials and determined that it has a high health score of 8/10. This score is based on our assessment of the company’s cashflows and debt; MASONITE INTERNATIONAL appears capable to pay off its debt and fund future operations. Furthermore, our Star Chart classifies MASONITE INTERNATIONAL as a ‘rhino’, a type of company we conclude has achieved moderate revenue or earnings growth. Given these findings, we believe that value investors and those interested in companies with strong profitability may be interested in MASONITE INTERNATIONAL. MASONITE INTERNATIONAL is strong in profitability, medium in asset, growth and weak in dividend. These are characteristics that could draw the attention of those looking to invest in a company with potential for long-term success. More…
Peers
Masonite International Corp is one of the world’s largest manufacturers of interior and exterior doors. The company operates in North America, Europe, Asia, and South America. Its competitors include Sanwa Holdings Corp, JELD-WEN Holding Inc, and Caesarstone Ltd.
– Sanwa Holdings Corp ($TSE:5929)
Sanwa Holdings Corporation is a Japanese financial services holding company headquartered in Osaka. The company provides a wide range of financial services including banking, securities, insurance, and leasing. Sanwa is one of the largest banks in Japan in terms of assets and deposits. It also has a strong presence in the securities industry. The company’s return on equity was 10.49% as of 2022.
– JELD-WEN Holding Inc ($NYSE:JELD)
JELD-WEN Holding Inc is a leading international manufacturer and marketer of doors and windows. The company operates in three segments: North America, Europe, and Asia Pacific. JELD-WEN Holding Inc has a market capitalization of 917.59M as of 2022 and a return on equity of 15.81%. The company has a diversified product portfolio that includes interior and exterior doors, windows, and millwork products. JELD-WEN Holding Inc is headquartered in Charlotte, North Carolina, USA.
– Caesarstone Ltd ($NASDAQ:CSTE)
Caesarstone Ltd is a manufacturer of quality engineered quartz surfaces. Its market cap as of 2022 is 245.66M. Its ROE is 1.93%. The company has a wide range of colors and styles to choose from and has a reputation for quality and durability.
Summary
MASONITE INTERNATIONAL reported their second quarter earnings for FY2023 as of June 30 2023, with total revenue of USD 741.9 million, a decrease of 2.6% compared to the same quarter of the previous year. Net income also saw a decrease of 17.6%, amounting to USD 48.2 million. These figures indicate that Masonite International is not performing as well as it may have in the past, and investors should be wary of investing in the company. In the near-term, investors should consider further research into the financials and operations of Masonite International before making any decisions.
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