Residential doors drive Masonite sales up 6 percent, to $518 million
TAMPA, Fla. -Masonite International (NYSE: DOOR) reported strong results third quarter, with net sales up 6 percent to $518 million, a $28 million increase over the year prior. Volume was up 3 percent and unit prices rose 2 percent.
Masonite, which began trading last year on the New York Stock Exchange, says it sold 35 million doors in 2016, yielding $2 billion in revenue. In North America it now operates five molded facings plants, 15 door assembly plants, and 11 Dorfab plants serving retail customers with pre-hanging and finishing. 
In the robust North American market, residential net sales were $364 million, an 8 percent increase over the third quarter of 2016, driven by a 5 percent increase in volume, a 1 percent increase in average unit price, and a 1 percent benefit from foreign exchange related to the Canadian dollar. Europe net sales were $75 million, a 7 percent increase. For the first nine months of the  year, North American Residential net sales were $1.07 billion, a 6 percent increase over the first nine months of 2016, driven primarily by a 3 percent increase in sales volume and a 2 percent increase in average unit price.

“We are encouraged by the improved volume trend and operational recovery in our business. While the third quarter began with weak margins as we worked through higher cost inventory, they steadily improved each month,” said Fred Lynch, President and CEO. “With our manufacturing productivity back on track to levels we anticipated, we expect margin growth to resume, particularly in 2018 and beyond.”
Architectural net sales were $74 million, a 4 percent decrease from the third quarter of 2016, as unit volume fell 8 percent, but which was partially offset by a 4 percent increase in average unit price and higher components sales. Sales volume was down due to higher production backlogs resulting primarily from the transition of products from the Algoma, Wisconsin, plant to other sites.
Total company gross profit was essentially flat at $104 million in the third quarter of 2016. 

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About the author
Bill Esler | ConfSenior Editor

Bill wrote for, FDMC and Closets & Organized Storage magazines. 

Bill's background includes more than 10 years in print manufacturing management, followed by more than 30 years in business reporting on industrial manufacturing in the forest products industries, including printing and packaging at American Printer (Features Editor) and Graphic Arts Monthly (Editor in Chief) magazines; and in secondary wood manufacturing for

Bill was deeply involved with the launches of the Woodworking Network Leadership Forum, and the 40 Under 40 Awards programs. He currently reports on technology and business trends and develops conference programs.

In addition to his work as a journalist, Bill supports efforts to expand and improve educational opportunities in the manufacturing sectors, including 10 years on the Print & Graphics Scholarship Foundation; six years with the U.S. WoodLinks; and currently on the Woodwork Career Alliance Education Committee. He is also supports the Greater West Town Training Partnership Woodworking Program, which has trained more than 950 adults for industrial wood manufacturing careers. 

Bill volunteers for Foinse Research Station, a biological field station staddling the border of Ireland and Northern Ireland, one of more than 200 members of the Organization of Biological Field Stations.