| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Masonite International Corp. > News item |
Masonite ends 2012 with $122 million cash, liquidity of $247 million
By Lisa Kerner
Charlotte, N.C., Feb. 28 - Masonite International Corp.'s cash from continuing operations for 2012 was up 69% from the prior year at $55.7 million, said chief financial officer Mark Erceg during the company's fourth-quarter and year-end earnings call on Thursday.
The Mississauga, Ont.-based door manufacturer ended the year with cash and cash equivalents of $122.3 million, no short-term debt and long-term debt of $378.8 million at Dec. 31.
Available liquidity was $247.1 million, or 14.7% of net sales, for 2012, said Erceg.
Net sales for the fourth quarter were up 9% for the quarter at about $418 million and rose 12.5% for the full year to $1.7 billion.
Adjusted EBITDA increased 14.8% to $25.6 million and increased $15.3 million, or 18.7%, to $97.3 million for the fourth quarter and full year, respectively.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.