Masonite Sees Q4 Sales Of $418.0 Mln To $423.0 Mln - Quick Facts

(RTTNews) - Masonite International Corp. (DOOR), a manufacturer of doors, said fourth-quarter sales are expected in the range of $418.0 million to $423.0 million, compared to $418.2 million generated last year.

Adjusted EBITDA is expected to be $16.7 million to $18.9 million, compared to $25.6 million in the prior year.

For the year, sales are estimated to range from $1.729 billion to $1.734 billion. The company reported net sales of $1.676 billion last year.

Annual adjusted EBITDA is expected to be between $104.7 million to $106.9 million. Adjusted EBITDA totaled $97.3 million last year.

Mark Erceg, CFO, said,''"As expected and previously disclosed, 2013 fourth quarter Adjusted EBITDA will be below the fourth quarter of 2012 due in part to the inclusion of a $3.3 million business interruption insurance recovery in the year ago period and approximately $2.0 million dollars of operational items incurred in our North America segment...''