Masonite, Door Sales Up 5.4%, Is Flat On Exchange Rate
Door manufacturer Masonite International (NYSE: DOOR) sales were flat at $475.7 million for the third quarter of 2015, a result of an unfavorable exchange rate. Excluding the $26 million negative impact of foreign exchange, net sales would have increased by 5.4% to $501.7 million. Masonite reported a loss of $16.3 million after selling a French subsidiary.