Masonite International Corp. reports that net sales declined by 3% year-over-year in the second quarter of 2023 (2Q23). Masonite CFO and executive vice president Russell Tiejema says the decline was expected, as resiliency in the market for new housing was offset by a weaker demand for repairs and remodels. Financial data indicates that the Tampa-based […]

Masonite International Corporation reports a 15% increase in year-over-year net sales, from $662 million to $762 million, for the second quarter of 2022. With net income for the quarter recorded at $59 million, an increase of 67% from this time last year, president and CEO Howard Heckes called his company’s performance “solid.” According to Masonite, […]

JELD-WEN Holding announced its eighth consecutive quarter of core revenue growth, reporting an 11% increase paired with a net revenue increase of 6.8%, for the period ending June 25. CEO Gary S. Michel says cost inflation and softening retail demand impacted profitability in the second quarter, and that the company must “execute better and consistently […]

With the second quarter closing this week, financial results from across the industry are making headlines. That includes earnings reports from Fortune Brands and PGT Innovations Inc., both of which announced “strong” performances from April through June 2022. For the second quarter of 2022, Fortune Brands reported sales of $2.1 billion, an increase of 9% […]

Despite inflation and supply chain challenges, Quanex Building Products Corp. saw a record second quarter. George Wilson, president and CEO, said the company had noticeable revenue growth and improved profitability. “Demand for our products was better than expected during the second quarter, and we started to see the benefit of our pass-through pricing strategy,” said […]

Builders FirstSource Inc. reported its results for the second quarter and six months ended June 30, 2021, all year-over-year comparisons unless otherwise noted, and the company clocked net sales of $5.6 billion for the quarter that increased 186.6%. Builders FirstSource credits this increase on the merger with BMC, commodity inflation, and strong organic growth, which […]

The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released this week shows that low interest rates were not enough to counter the double whammy of a supply shortage and rising home prices, which together contributed to a decline in housing affordability in the second quarter of 2020. In all, 59.6% of […]