Masonite's sales up 0.5% in Q4
Masonite's progress during the fourth fiscal quarter was largely stagnant, with sales improving 0.5% and net loss increasing by approximately $100,000.
Net sales for the quarter totaled at $420.5 million, with its net loss weighing in at $7.6 million.
For the full fiscal year, sales increased 3.3% to $1.7 billion. The company's bottom line also enjoyed a boost, with net loss decreasing by $12.2 million to $11.0 million.
"2013 was an important year for Masonite as two successful U.S. residential wholesale price increases allowed North American average unit price to turn positive for the first time in several years,” said Fred Lynch, president and CEO. “Even more importantly, we recently implemented additional price increases across all North American residential distribution points as we strive to achieve appropriate value for the high quality products and services we provide."