Masonite International Reports FY2023 Q2 Earnings Results for June 30, 2023
August 19, 2023
🌥️Earnings Overview
Masonite International ($NYSE:DOOR) reported their financial results for the second quarter of fiscal year 2023, ending on June 30, 2023, on August 8, 2023. Their total revenue was USD 741.9 million, representing a decrease of 2.6% from the same quarter in the preceding year. Net income was USD 48.2 million, which was a decrease of 17.6% from the same quarter the previous year.
Market Price
Masonite International reported their second quarter earnings results for June 30, 2023 on Tuesday. The stock opened at $103.1 and closed at $101.8, down by 2.6% from last closing price of 104.5, making it the largest one day decline since the first quarter of 2023. The earnings report was met with mixed reviews from analysts and investors alike. On one hand, some investors were disappointed with the stock’s performance as it failed to reach its previous highs.
On the other hand, many analysts praised Masonite International’s ability to report strong quarterly results despite the tough economic environment. Overall, Masonite International’s second quarter earnings report exceeded expectations and was seen as a positive indication of the company’s financial health going forward. 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 analyzed MASONITE INTERNATIONAL‘s financials and found that it has a high health score of 8/10 with regard to its cashflows and debt, indicating that the company is capable of paying off its debt and funding future operations. For this reason, investors interested in gaining exposure to steady growth may find MASONITE INTERNATIONAL attractive. According to GoodWhale’s Star Chart, MASONITE INTERNATIONAL is strong in profitability, medium in asset, growth and weak in dividend. These investors may be attracted to MASONITE INTERNATIONAL for its steady growth and strong profitability. 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, ending on June 30 2023, on August 8 2023. Total revenue was down 2.6%, to USD 741.9 million, and net income decreased 17.6%, to USD 48.2 million, compared to the same quarter the previous year. For investors, these results indicate that, while Masonite International is still profitable, the company has been suffering lately due to the current economic climate. In order to strengthen their financial position going forward, Masonite International will need to identify new markets and strategies for growth.
Related Posts
Recent Posts
