Upload
masoniteinvestors
View
2.450
Download
0
Embed Size (px)
Citation preview
PowerPoint Presentation
the beautiful door
May 2016
1Q16 Earnings Presentation
#
SAFE HARBOR / FORWARD LOOKING STATEMENT
This investor presentation contains forward-looking information and other forward-looking statements within the meaning of applicable Canadian and/or U.S. securities laws, including our discussion of improvements in the housing market and related markets and the effects of our pricing and other strategies. When used in this Investor Presentation, such forward-looking statements may be identified by the use of such words as may, might, could, will, would, should, expect, believes, outlook, predict, forecast, framework, objective, remain, anticipate, estimate, potential, continue, plan, project, targeting, or the negative of these terms or other similar terminology.
Forward-looking statements involve significant known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Masonite, or industry results, to be materially different from any future plans, goals, targets, objectives, results, performance or achievements expressed or implied by such forward-looking statements. As a result, such forward-looking statements should not be read as guarantees of future performance or results, should not be unduly relied upon, and will not necessarily be accurate indications of whether or not such results will be achieved. Factors that could cause actual results to differ materially from the results discussed in the forward-looking statements include, but are not limited to, our ability to successfully implement our business strategy; general economic, market and business conditions; levels of residential new construction, residential repair, renovation and remodeling and non-residential building construction activity; competition; our ability to manage our operations including integrating our recent acquisitions and companies or assets we acquire in the future; our ability to generate sufficient cash flows to fund our capital expenditure requirements and to meet our debt service obligations, including our obligations under our senior notes and our senior secured asset-backed credit facility; labor relations (i.e., disruptions, strikes or work stoppages), labor costs, and availability of labor; increases in the costs of raw materials or any shortage in supplies; our ability to keep pace with technological developments; the actions by, and the continued success of, certain key customers; our ability to maintain relationships with certain customers; new contractual commitments; our ability to generate the benefits of our restructuring activities; retention of key management personnel; environmental and other government regulations; limitations on operating our business as a result of covenant restrictions under our existing and future indebtedness, including our senior notes and senior secured asset-based credit facility; and other factors publicly disclosed by the company from time to time.
NON-GAAP FINANCIAL MEASURES
Our management reviews net sales and Adjusted EBITDA (as defined below) to evaluate segment performance and allocate resources. Net assets are not allocated to the reportable segments. Adjusted EBITDA is a non-GAAP financial measure which does not have a standardized meaning under GAAP and is unlikely to be comparable to similar measures used by other companies. Adjusted EBITDA should not be considered as an alternative to either net income or operating cash flows determined in accordance with GAAP. Additionally, Adjusted EBITDA is not intended to be a measure of free cash flow for management's discretionary use, as it does not include certain cash requirements such as interest payments, tax payments and debt service requirements. Beginning with the third quarter of 2015, we revised our calculation of Adjusted EBITDA to separately exclude loss (gain) on disposal of subsidiaries. The revision to this definition had no impact on our reported Adjusted EBITDA for the three months ended March 29, 2015. Adjusted EBITDA (as revised) is defined as net income (loss) attributable to Masonite adjusted to exclude the following items: depreciation; amortization; share based compensation expense; loss (gain) on disposal of property, plant and equipment; registration and listing fees; restructuring costs; asset impairment; loss (gain) on disposal of subsidiaries; interest expense (income), net; loss on extinguishment of debt; other expense (income), net; income tax expense (benefit); loss (income) from discontinued operations, net of tax; and net income (loss) attributable to non-controlling interest. This definition of Adjusted EBITDA is differs from the definitions of EBITDA contained in the indenture governing the 2023 Notes and the credit agreement governing the ABL Facility. Adjusted EBITDA, as calculated under our ABL Facility or senior notes would also include, among other things, additional add-backs for amounts related to: cost savings projected by us in good faith to be realized as a result of actions taken or expected to be taken prior to or during the relevant period; fees and expenses in connection with certain plant closures and layoffs; and the amount of any restructuring charges, integration costs or other business optimization expenses or reserve deducted in the relevant period in computing consolidated net income, including any one-time costs incurred in connection with acquisitions. The tables in the appendix to this presentation reconcile Adjusted EBITDA to net income (loss) attributable to Masonite for the periods indicated. We are not providing a quantitative reconciliation of our Adjusted EBITDA outlook to the corresponding GAAP information because the GAAP measures that we exclude from our Adjusted EBITDA outlook are difficult to predict and are primarily dependent on future uncertainties.
Adjusted EPS for the quarter ended April 3, 2016 and March 29, 2015 is diluted earnings per common share attributable to Masonite (EPS) less asset impairment charges, loss (gain) on disposal of subsidiaries and loss on extinguishment of debt, net of related tax expense (benefit). Management uses this measure to evaluate the overall performance of the Company and believes this measure provides investors with helpful supplemental information regarding the underlying performance of the Company from period to period. This measure may be inconsistent with similar measures presented by other companies.Safe Harbor / Non-GAAP Financial Measures
#
Company & Industry Update
the beautiful door
#Company & Industry Update1Q OverviewImproved macro environment and solid execution delivers strong growthQuarterly AUP growth1Q16 HighlightsNet sales increased 13% to $489.3 million
Adj. EBITDA* increased 54% to $58.2 millionAdj. EBITDA margin +320bps
Adj. EBITDA growth from all three reportable segmentsNA Residential+ 75%Europe+ 53%Architectural+ 10%
Adjusted EPS* increased to $0.57
Repurchased $16 million of company shares
12th consecutive quarter of positive overall AUP growth
AUP increased in NA Residential and EuropeNA Residential+5%Europe+9%Architectural-1%(*) See appendix for non-GAAP reconciliations
#Company & Industry UpdateMasonites New Reporting Segments
NA Residential
Wholesale and retail businesses in the U.S., Canada & Mexico
Chile facilities primarily serving NA Residential marketArchitectural
Architectural business in North AmericaEurope
United Kingdom, Czech Republic, and IrelandCorp & Other
Unallocated corporate costs and the results of immaterial operating units not aggregated into any reportable segment
#Company & Industry UpdateSegment OverviewNorth American ResidentialU.S. housing starts and completions* increased 16% and 19%, respectively, in 1Q16Single family starts+23%Multi family starts+2%
Single family completions+16%Multi family completions+28%
Volume increased 18% on strong demand with both retail and wholesale customersLowes business at full quarterly run rateBalanced growth across all products and channels
(*) Source: U.S. Census Bureau
#Company & Industry UpdateSegment OverviewPortfolio optimization driving Adj. EBITDA margin expansion
Shift to fiberglass exterior doors benefitting DSI business
High demand in UK RRR market
Integrations of PDS and National Hickman continue
Brexit concerns slowing pace of new residential housing completionsNegative impact on Pound Sterling
Europe
#Company & Industry UpdateSegment OverviewVolume increased 10%Strong demand from office sector and lodging sectorOrder flow remains positive
Negative AUP due to higher demand in lower end doors
Communicated price increase in Q1Limited price realization in 2016 due to extended project lead time
Focused on improving operational performance and Adj. EBITDA pass through as demand increases
Purposeful investments in R&D, personnel and systems integration
Architectural
#
the beautiful door
Financial Overview
#Financial Overview1Q16 Net Sales and Adjusted EBITDA(*) See appendix for non-GAAP reconciliationsDouble digit increase in net sales in all three reportable segments (excluding forex)
Gross margin increase driven by higher AUP and fixed cost leverage
New Years holiday fell in 4Q15Net sales benefit of ~$15 million vs 1Q15Adj. EBITDA benefit of ~$3 million vs. 1Q15
Forex decreased Adjusted EBITDA by $1.8 million
Adj. EBITDA*Quarterly DriversNet Sales($ in millions)($ in millions)1Q151Q161Q151Q16+54%+13%+16%Excluding impact of F(x):+59%Excluding impact of F(x):
#Financial Overview1Q16 Consolidated P&L Information($ in millions)(*) See appendix for non-GAAP reconciliations
#Financial OverviewSegment Sales Walk($ in millions)+24% ex Fx+11% ex Fx+11% ex Fx(*) Includes the incremental impact of recent acquisitions and dispositionsReflects removal of S. Africa
#Financial Overview2016 ViewpointsHeadwindsContinued U.S. housing market growthExpect mid to high-single digit growth in U.S. housing completionsExpect mid-single digit growth in the U.S. RRR market
New product investments driving higher AUP
Benign commodities marketTightening labor market in U.S.
Brexit risk impact in UK housing market
Weak and uneven housing market in Canada due to lower commodities prices
Uncertain foreign exchange environment
Tailwinds
#
Financial OverviewLong Term Growth Framework^Net Sales($ in billions)Adjusted EBITDA* Margin7% - 10%CAGR14% - 15%(^) - Company long term growth framework is a forward-looking statement and subject to risks and uncertainties. See "Safe Harbor/Forward Looking Statement(*) See definition of Adjusted EBITDA on page 2. We are not providing a quantitative reconciliation of our Adjusted EBITDA outlook to the corresponding GAAP information because the GAAP measures that we exclude from our Adjusted EBITDA outlook are difficult to predict and are primarily dependent on future uncertainties.
#Financial OverviewLong Term Growth FrameworkReturn to 1.5M housing starts in U.S. by 2018
Mid single digit growth in RRR market
Mid single digit growth in non-residential construction
Flat housing market in Canada
Decelerating growth in UK new residential construction~25% incremental margin on volume
Introduction of new products at higher price points
Drive consumers to higher mix products
Continued efforts to capture fair valueTightening labor market
Longer term materials cost inflation
Focus on increasing factory productivityMarket AssumptionsInvestment/CostsMargin EnhancementsReduced SG&A leverage from investments in:Electronic enablementIT systemsAdvertising/marketing
Continued investments in R&D
#Financial OverviewCash Flow Deployment1) Fund working capital3) Strategic acquisitions4) Return cash to shareholdersContinue to target Net Working Capital of 12-15% of net salesAcquisitions to enhance portfolio and value-added service offeringsOpportunistic share repurchases2) Invest in growth initiatives Investment in new products and technology enablers (~3% of Net Sales)Cash PrioritiesStrong liquidity allows simultaneous execution across all layers
#Financial OverviewLiquidity, Credit and Debt ProfileLeverage RatiosUnrestricted Cash $50.0 Total Available Liquidity$206.6
Liquidity at April 3, 2016 (millions of USD)TTM Adj. EBITDA^$224.7TTM Interest Expense$28.4Total Debt$469.0Net Debt$419.0
Coverage RatiosFree Cash Flow*($ in millions)Target total debt leverage ratio 25% Adj. EBITDA growthNet sales increased 13% (+16% ex. Foreign exchange) Gross profit increased 34% and gross margin expanded 320 basis points Adj. EBITDA increased 54% to $58 millionAdj. EBITDA margin up 320 basis points to 11.9%Repurchased $16 million of company shares1Q16 Highlights2016 Whats ExpectedDeliver an unparalleled customer experienceContinued impact from new product launchesExpansion of MVantage and our lean operating environmentSolid U.S. macro environmentTightening labor market in North AmericaNear term softness in UK housing; uneven housing market in CanadaSale of South Africa business in process
#
19
the beautiful door
Appendix
#Reconciliation of Adjusted EBITDA to Net Income (loss) Attributable to Masonite
#
Reconciliation of Adjusted Net Income (loss) Attributable to Masonite to Net Income (loss) Attributable to Masonite
#
the beautiful door
#
23
Summary Page
NA Residential($ in millions)1Q161Q15DiffNet Sales$328.7$273.3+20%
Adj. EBITDA$51.4$29.3+75%
Margin15.6%10.7%+490bps
Architectural($ in millions)1Q161Q15DiffNet Sales$73.5$66.99.8%
Adj. EBITDA$4.4$4.010.0%
Margin6.0%6.0%--
Europe($ in millions)1Q161Q15DiffNet Sales$80.6$75.07.4%
Adj. EBITDA$10.1$6.654.0%
Margin12.6%8.8%+350bp
ConsolidatedDatabaseHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualYear20062006200620062007200720072007201420142014201420152015201520152016PeriodMarJunSepDecMarJunSepDecMarJunSepDecMarJunSepDecMarViewQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDEntityCONLGL6CONMGMT1CONMGMT1CONMGMT1CONLGL6CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1Valueusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalICP[ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE]Custom 1TtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectCustom 2[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Custom 3AllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesCustom 4[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Entity DescriptionCONSOLIDATED LGL 6CONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED LGL 6CONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTEntity Local currencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDScaling1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000Rounding0- 0- 0- 00- 0- 0- 00- 0- 0- 0- 0- 0- 0- 0- 0
HFM AccountCodeDescriptionDescriptionQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1XNSALENet SalesXNSALE-X NET SALES--------422,460490,175476,124448,940434,465476,428475,650485,422489,305
XTTLMCOSXTTLMCOS-X MATERIAL COST OF SALES--------195,850229,575225,245206,596191,815208,891214,452219,322216,021XTTLDLXTTLDL-X DIRECT LABOR--------54,19059,69659,86255,57353,42454,67256,73655,77759,119XTTLOHXTTLOH-X OVERHEAD--------66,96967,74869,35966,29766,06167,84965,01161,78163,938XTTLDSTRXTTLDSTR-X DISTRIBUTION--------38,00642,22942,35240,25837,68937,87239,31941,07640,015XCOGSDPNXCOGSDPN-X COGS DEPRECIATION--------13,21412,00613,16111,99811,85811,82512,19311,99111,720XTTLCOGSXTTLCOGS-X TOTAL COST OF SALES--------369,474411,568409,894381,364361,156381,394388,141390,424391,060--------(1,245)(314)85(642)(309)(285)(430)(477)(247)
XGPGross ProfitXGP-X GROSS PROFIT--------52,98678,60766,23067,57673,30995,03487,50994,99898,245-----------------
XSGASALARYXSGASALARY-X SGA SALARIES--------30,68830,74628,15428,27231,69833,58933,47932,74134,000XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION--------2,2832,7972,2542,2702,3793,1071,4906,2603,728XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE--------176610762(54)105(176)74(115)XSGADPNXSGADPN-X SGA DEPRECIATION & AMORTIZATION--------6,6627,7427,5477,6468,2047,1708,3649,8309,183XSGAFEESXSGAFEES-X SGA PROFESSIONAL AND OTHER FEES--------5,2904,5235,1895,3504,6694,4425,1475,7215,926XSGATRAVELXSGATRAVEL-X SGA TRAVEL--------3,0513,0202,5363,1382,6983,2473,1833,8743,688XSGAUTILXSGAUTIL-X SGA UTILITIES, RENT AND INSURANCE--------2,4572,5831,493(791)2,4151,0679762,1642,082XSGAADVXSGAADV-X SGA ADVERTISING--------1,9021,7901,9272,1292,2171,7912,7441,9802,394XSGAPPEXSGAPPE-X DISPOSAL (GAIN) LOSS ON PP&E--------1,0871,0362361,457(56)350291786132XSGAHSEXSGAHSE-X SGA HEALTH, SAFETY, ENVIRONMENT--------7779511,1061,3181,3379591,4061,7051,238XSGASPLYXSGASPLY-X SGA SUPPLIES--------7546929191,0277938228151,0491,012XSGABADDEBTXSGABADDEBT-X SGA BAD DEBTS--------1,328687570(63)103294794892(269)XSGAMISCXSGAMISC-X SGA MISCELLANEOUS EXPENSE--------1,4791,8871,8162,1141,7601,8751,0764981,899XSGAXSGA-X SELLING, GENERAL & ADMIN--------57,77558,51953,85553,92958,16158,81959,59067,57564,897---------1(1)-2(1)(1)(1)1
2810_00002810.0000-OTHEXP2.2810 - CLOSURE COSTS--------6424319,8437820613822904272815_00102815.0010-OTHEXP2.2815 - SEVERANCE--------8012870(64)1,536375317291(7)XRESTRXRESTR-X RESTRUCTURING COSTS--------7215609,913(57)2,3569881,1391,19520--------1(1)-------XOIXOI-X OPERATING INCOME (LOSS)--------(5,510)19,5282,462(4,498)12,79235,227(12,380)(4,036)33,328-----------18,202--39,16030,264-XTTLINTRSTXTTLINTRST-X INTEREST EXPENSE (INCOME), NET--------9,99310,59410,44710,49011,7546,7877,1797,1657,232
XEQINCXEQINC-X EQUITY (INCOME)/LOSS--------(242)(329)(268)(503)(165)(430)(406)(472)(428)XEXTRAXEXTRA-X EXTRAORDINARY ITEMS-----------------
28052805-OTHEXP2 - CROSS CHARGES--------(1)--------28062806-OTHEXP2 - ICPROFIT ELIM AND TRF PRICING-----------------2815_00002815.0000-OTHEXP2.2815 - NON-RECURRING EXPENSE--------35-32137455924(11)2815_00202815.0020-OTHEXP2.2815 - (GAIN) LOSS ON SALE OF SUBSIDIARY--------------29,72130,264-2815_00302815.0030-OTHEXP2.2815 - TRANSACTION FEES--------883745925---2,400-2815_00502815.0050-OTHEXP2.2815 - HEDGING LOSS-----------4--675(284)(370)2815_00702815.0070-OTHEXP2.2815 - (GAIN) LOSS ON EXTINGUISHMENT OF DEBT------------28,046----2815_00902815.0090-OTHEXP2.2815 - NOT ASSIGNED---------------(16)532815_01002815.0100-OTHEXP2.2815 - FOREIGN EXCHANGE (GAIN) LOSS--------2871,324(121)(1,162)(991)(229)(2,223)2051,42889958995-ADMMISC - UNBUDGETED SHARED SERVICES-----------------XOTHEXPMISCXOTHEXPMISC-X MISC EXPENSE (INCOME), NET--------4091,698(58)(1,111)(954)(184)(1,489)2,3281,100----------(1)(1)28,046-29,72130,265-XDEFOTHXDEFOTH-X DEFERRED COMPENSATION ASSET (GAIN) / LOSS--------14(63)(78)(56)(65)(21)175(74)114XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------1811,306(404)(1,670)(1,184)(635)(1,720)1,782786-----------------XEBTXEBT-X INCOME (LOSS) FROM CONT OPS BEFORE IT EXPENSE (BENEFIT)--------(15,684)7,629(7,581)(13,318)(25,823)29,076(17,839)(12,983)25,310---------(1)--28,045(1)---
XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)--------191,3802,0031,1313,26415,014(2,511)(1,595)1,993
XICOXICO-X INCOME (LOSS) FROM CONTINUING OPERATIONS--------(15,703)6,249(9,584)(14,449)(29,087)14,062(15,328)(11,389)23,317---------(1)--28,045(1)-1-
XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS--------(142)(170)(124)(194)(229)(239)(193)(247)(188)XNIXNI-X NET INCOME (LOSS)--------(15,845)6,079(9,708)(14,643)(29,316)13,823(15,521)(11,636)23,129-----------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------7414982581,7241,7363817621,5821,084XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------(16,586)5,580(9,967)(16,368)(31,052)13,442(16,283)(13,218)22,045---------111-----ADJEBITDA2Adj. EBITDAADJEBITDA2-MG - ADJUSTED EBITDA 2--------19,71844,05035,59637,72237,78859,05850,51156,84158,241
TTLDPNTTLDPN-TTL DEPRECIATION1---1---15,43014,47015,73514,735XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE--------176610762AMORTAMORT-AMORTIZATION--------5,6915,5934,8895,550XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION--------2,2832,7972,2542,27028402840-OTHEXP2 - (GAIN)/LOSS ON DISPOSAL--------1,0871,0362361,4572815_00802815.0080-OTHEXP2.2815 - ASSET IMPAIRMENT-----------18,202XRESTRXRESTR-X RESTRUCTURING COSTS--------7215609,913(57)TTLINTRSTTTLINTRST-TOTAL INTEREST--------9,99310,59410,44710,490XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------1811,306(404)(1,670)XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)--------191,3802,0031,131XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS--------142170124194XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------7414982581,724XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------(16,586)5,580(9,967)(16,368)(1)---(1)---(1)-12
Net Sales Seasonality12.5%16.0%13.9%15.1%16.9%19.9%18.4%19.6%20.1%SG&A Seasonality13.7%11.9%11.3%12.0%13.4%12.3%12.5%13.9%13.3%EBITDA Seasonality4.7%9.0%7.5%8.4%8.7%12.4%10.6%11.7%11.9%
2.8%-2.8%-0.1%8.1%12.6%
91.6%34.1%41.9%50.7%54.1%4Q131Q142Q143Q144Q141Q15TTM Net Sales422,460912,6351,388,7591,837,6991,849,7041,835,9571,835,4831,871,9651,926,805TTM COGS369,474781,0421,190,9361,572,3001,563,9821,533,8081,512,0551,521,1151,551,019TTM GP52,986131,593197,823265,399285,722302,149323,428350,850375,786TTM GM12.5%14.4%14.2%14.4%15.4%16.5%17.6%18.7%19.5%
mailto:ADJEBITDA@NA ResDatabaseHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualYear20062006200620062007200720072007201420142014201420152015201520152016PeriodMarJunSepDecMarJunSepDecMarJunSepDecMarJunSepDecMarViewQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDEntityCONLGL6NARES1NARES1NARES1CONLGL6NARES1NARES1NARES1NARES1NARES1NARES1NARES1NARES1NARES1NARES1NARES1NARES1Valueusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalICP[ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE]Custom 1TtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectCustom 2[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Custom 3AllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesCustom 4[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Entity DescriptionCONSOLIDATED LGL 6NA RESIDENTIALNA RESIDENTIALNA RESIDENTIALCONSOLIDATED LGL 6NA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALEntity Local currencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDScaling1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000Rounding0- 0- 0- 00- 0- 0- 00- 0- 0- 0- 0- 0- 0- 0- 0
HFM AccountCodeDescriptionDescriptionQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1XNSALENet SalesXNSALE-X NET SALES--------253,870305,708302,284281,110273,268304,892304,159310,905328,72955461
XTTLMCOSXTTLMCOS-X MATERIAL COST OF SALES--------127,583151,930150,396139,167130,597142,832142,738145,462149,084XTTLDLXTTLDL-X DIRECT LABOR--------30,61933,00734,14431,34130,64732,95033,99935,90938,060XTTLOHXTTLOH-X OVERHEAD--------33,83634,56234,57234,91536,15535,69836,36931,69640,739XTTLDSTRXTTLDSTR-X DISTRIBUTION--------23,17226,20326,82725,10923,67024,56025,20026,83027,996XCOGSDPNXCOGSDPN-X COGS DEPRECIATION--------7,0695,6395,3706,5796,5016,5336,5116,5296,520XTTLCOGSXTTLCOGS-X TOTAL COST OF SALES--------223,110251,175251,352237,252227,676242,638244,978246,561262,482--------(831)166(43)(141)(106)(65)(161)(135)(83)
XGPGross ProfitXGP-X GROSS PROFIT--------30,76054,53250,93243,85945,59262,25459,18164,34466,247---------1-(1)-----
XSGASALARYXSGASALARY-X SGA SALARIES--------21,55321,44121,69921,88123,48423,24522,82724,78122,248XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION-----------------XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE-----------------XSGADPNXSGADPN-X SGA DEPRECIATION & AMORTIZATION--------2,7662,9623,0143,0412,6492,4202,2712,5272,475XSGAFEESXSGAFEES-X SGA PROFESSIONAL AND OTHER FEES--------425413415566429422387497402XSGATRAVELXSGATRAVEL-X SGA TRAVEL--------1,3231,4641,2071,5081,3881,7351,4091,8311,838XSGAUTILXSGAUTIL-X SGA UTILITIES, RENT AND INSURANCE--------757734739720637645544619610XSGAADVXSGAADV-X SGA ADVERTISING--------1,2629691,1331,1421,5011,0931,9431,2451,491XSGAPPEXSGAPPE-X DISPOSAL (GAIN) LOSS ON PP&E--------7699291,2758692133172145291XSGAHSEXSGAHSE-X SGA HEALTH, SAFETY, ENVIRONMENT--------597567616790374853XSGASPLYXSGASPLY-X SGA SUPPLIES--------248224304274253282252266310XSGABADDEBTXSGABADDEBT-X SGA BAD DEBTS--------2(14)-87(3)(77)123(152)XSGAMISCXSGAMISC-X SGA MISCELLANEOUS EXPENSE--------288497369141296339325268378XSGAXSGA-X SELLING, GENERAL & ADMIN--------29,45329,69430,22230,21030,92330,58530,13132,25829,745--------(1)--11-1(1)(1)
2810_00002810.0000-OTHEXP2.2810 - CLOSURE COSTS--------32369108433222-2815_00102815.0010-OTHEXP2.2815 - SEVERANCE--------94--------XRESTRXRESTR-X RESTRUCTURING COSTS--------126369108433222------------------XOIXOI-X OPERATING INCOME (LOSS)--------1,18124,46920,60213,60514,66631,66729,04732,08436,502-----------1--1--XTTLINTRSTXTTLINTRST-X INTEREST EXPENSE (INCOME), NET--------208241238333274275279292282
XEQINCXEQINC-X EQUITY (INCOME)/LOSS-----------------XEXTRAXEXTRA-X EXTRAORDINARY ITEMS-----------------
28052805-OTHEXP2 - CROSS CHARGES--------(1)--------28062806-OTHEXP2 - ICPROFIT ELIM AND TRF PRICING-----------------2815_00002815.0000-OTHEXP2.2815 - NON-RECURRING EXPENSE-----------------2815_00202815.0020-OTHEXP2.2815 - (GAIN) LOSS ON SALE OF SUBSIDIARY-----------------2815_00302815.0030-OTHEXP2.2815 - TRANSACTION FEES---------------(50)-2815_00502815.0050-OTHEXP2.2815 - HEDGING LOSS-----------------2815_00702815.0070-OTHEXP2.2815 - (GAIN) LOSS ON EXTINGUISHMENT OF DEBT-----------------2815_00902815.0090-OTHEXP2.2815 - NOT ASSIGNED-----------------2815_01002815.0100-OTHEXP2.2815 - FOREIGN EXCHANGE (GAIN) LOSS-----------------89958995-ADMMISC - UNBUDGETED SHARED SERVICES-----------------XOTHEXPMISCXOTHEXPMISC-X MISC EXPENSE (INCOME), NET--------(1)------(50)------------------XDEFOTHXDEFOTH-X DEFERRED COMPENSATION ASSET (GAIN) / LOSS-----------------XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------(1)------(50)------------------XEBTXEBT-X INCOME (LOSS) FROM CONT OPS BEFORE IT EXPENSE (BENEFIT)--------97424,22820,36513,27214,39131,39228,76831,84236,220----------(1)-1----
XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)----------------1,956
XICOXICO-X INCOME (LOSS) FROM CONTINUING OPERATIONS--------97424,22820,36513,27214,39131,39228,76831,84234,265----------(1)-1---(1)
XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS-----------------XNIXNI-X NET INCOME (LOSS)--------97424,22820,36513,27214,39131,39228,76831,84234,265-----------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------649771643764938823695867838XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------32523,45719,72112,50813,45330,56928,07330,97533,426----------1-----1ADJEBITDA2Adj. EBITDAADJEBITDA2-MG - ADJUSTED EBITDA 2--------17,49039,17934,90029,37429,34746,71343,88645,61551,375
TTLDPNTTLDPN-TTL DEPRECIATION1---1---8,5897,3527,1338,383XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE------------AMORTAMORT-AMORTIZATION--------2,0771,0831,2951,377XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION------------28402840-OTHEXP2 - (GAIN)/LOSS ON DISPOSAL--------7699291,2758692815_00802815.0080-OTHEXP2.2815 - ASSET IMPAIRMENT------------XRESTRXRESTR-X RESTRUCTURING COSTS--------12636910843TTLINTRSTTTLINTRST-TOTAL INTEREST--------208241238333XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------(1)---XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)------------XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------649771643764XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------32523,45719,72112,508(1)---(1)---4,7484,9774,4875,097
Net Sales Seasonality12.1%17.8%16.8%15.6%16.7%20.4%19.5%20.7%20.2%SG&A Seasonality11.6%9.7%10.0%10.7%11.3%10.0%9.9%10.4%9.0%EBITDA Seasonality6.9%12.8%11.5%10.4%10.7%15.3%14.4%14.7%15.6%
mailto:ADJEBITDA@EuropeDatabaseHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualYear20062006200620062007200720072007201420142014201420152015201520152016PeriodMarJunSepDecMarJunSepDecMarJunSepDecMarJunSepDecMarViewQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDEntityCONLGL6EUR1EUR1EUR1CONLGL6EUR1EUR1EUR1EUR1EUR1EUR1EUR1EUR1EUR1EUR1EUR1EUR1Valueusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalICP[ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE]Custom 1TtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectCustom 2[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Custom 3AllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesCustom 4[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Entity DescriptionCONSOLIDATED LGL 6EUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTCONSOLIDATED LGL 6EUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTEUROPE SEGMENTEntity Local currencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDScaling1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000Rounding0- 0- 0- 00- 0- 0- 00- 0- 0- 0- 0- 0- 0- 0- 0
HFM AccountCodeDescriptionDescriptionQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1XNSALENet SalesXNSALE-X NET SALES--------77,22786,90980,55381,46175,02577,07478,40281,33980,591
XTTLMCOSXTTLMCOS-X MATERIAL COST OF SALES--------37,86343,51540,33643,09535,45436,68242,30343,03241,824XTTLDLXTTLDL-X DIRECT LABOR--------9,79210,4429,8959,6528,9838,9178,0677,4737,365XTTLOHXTTLOH-X OVERHEAD--------11,87911,82114,22610,48010,85110,2889,3579,2749,430XTTLDSTRXTTLDSTR-X DISTRIBUTION--------5,9146,5385,9956,1995,8316,1555,7605,9905,878XCOGSDPNXCOGSDPN-X COGS DEPRECIATION--------3,0492,6313,8722,1331,9471,8101,9481,9181,824XTTLCOGSXTTLCOGS-X TOTAL COST OF SALES--------68,23875,21674,33371,81863,19863,98567,69267,79166,404--------259(269)(9)(259)(132)(133)(257)(104)(83)
XGPGross ProfitXGP-X GROSS PROFIT--------8,98911,6936,2209,64311,82713,08910,71013,54914,187---------------(1)-
XSGASALARYXSGASALARY-X SGA SALARIES--------5,3096,1365,9435,7555,1854,8604,1473,7103,706XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION-----------------XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE-----------------XSGADPNXSGADPN-X SGA DEPRECIATION & AMORTIZATION--------4841,2541,0029508038632,1102,9412,565XSGAFEESXSGAFEES-X SGA PROFESSIONAL AND OTHER FEES--------8668168557405084921,225453827XSGATRAVELXSGATRAVEL-X SGA TRAVEL--------440465385446353385343417335XSGAUTILXSGAUTIL-X SGA UTILITIES, RENT AND INSURANCE--------406517429469450400344331229XSGAADVXSGAADV-X SGA ADVERTISING--------316558475714382413499480302XSGAPPEXSGAPPE-X DISPOSAL (GAIN) LOSS ON PP&E--------31320(948)121451429231XSGAHSEXSGAHSE-X SGA HEALTH, SAFETY, ENVIRONMENT--------37536914485287304162XSGASPLYXSGASPLY-X SGA SUPPLIES--------172161201148137131143121117XSGABADDEBTXSGABADDEBT-X SGA BAD DEBTS--------37(72)547(50)8077101101101XSGAMISCXSGAMISC-X SGA MISCELLANEOUS EXPENSE--------173323601(18)272170143330213XSGAXSGA-X SELLING, GENERAL & ADMIN--------8,55410,2329,5599,1818,2317,8479,1579,4808,588--------(1)(1)-(1)11(1)--
2810_00002810.0000-OTHEXP2.2810 - CLOSURE COSTS--------584621221856229718741212815_00102815.0010-OTHEXP2.2815 - SEVERANCE--------(14)13970(64)1,1661703246-XRESTRXRESTR-X RESTRUCTURING COSTS--------570201193(46)1,7284672198721----------(1)------XOIXOI-X OPERATING INCOME (LOSS)--------(135)1,261(3,532)(13,511)1,8694,774(37,825)3,9825,578---------(1)-14,019(1)139,159--XTTLINTRSTXTTLINTRST-X INTEREST EXPENSE (INCOME), NET--------2931,2211,3111,6941,6781,6022,4082,6443,427
XEQINCXEQINC-X EQUITY (INCOME)/LOSS-----------------XEXTRAXEXTRA-X EXTRAORDINARY ITEMS-----------------
28052805-OTHEXP2 - CROSS CHARGES-----------------28062806-OTHEXP2 - ICPROFIT ELIM AND TRF PRICING-----------------2815_00002815.0000-OTHEXP2.2815 - NON-RECURRING EXPENSE-------------4681--2815_00202815.0020-OTHEXP2.2815 - (GAIN) LOSS ON SALE OF SUBSIDIARY--------------29,721--2815_00302815.0030-OTHEXP2.2815 - TRANSACTION FEES-----------------2815_00502815.0050-OTHEXP2.2815 - HEDGING LOSS-----------------2815_00702815.0070-OTHEXP2.2815 - (GAIN) LOSS ON EXTINGUISHMENT OF DEBT-----------------2815_00902815.0090-OTHEXP2.2815 - NOT ASSIGNED---------------757532815_01002815.0100-OTHEXP2.2815 - FOREIGN EXCHANGE (GAIN) LOSS--------55(47)2216183(2)(3)1241889958995-ADMMISC - UNBUDGETED SHARED SERVICES-----------------XOTHEXPMISCXOTHEXPMISC-X MISC EXPENSE (INCOME), NET--------55(47)2216183447888272--------------29,721(1)(1)XDEFOTHXDEFOTH-X DEFERRED COMPENSATION ASSET (GAIN) / LOSS-----------------XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------55(47)2216183447888272-----------------XEBTXEBT-X INCOME (LOSS) FROM CONT OPS BEFORE IT EXPENSE (BENEFIT)--------(484)87(4,865)(15,367)1073,128(40,312)4572,080--------1--11-1(1)(1)
XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)-----------------
XICOXICO-X INCOME (LOSS) FROM CONTINUING OPERATIONS--------(484)87(4,865)(15,367)1073,128(40,312)4572,080--------1--11-1(1)(1)
XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS-----------------XNIXNI-X NET INCOME (LOSS)--------(484)87(4,865)(15,367)1073,128(40,312)4572,080-----------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST-----------------XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------(484)87(4,865)(15,367)1073,128(40,312)4572,080-----------------ADJEBITDA2Adj. EBITDAADJEBITDA2-MG - ADJUSTED EBITDA 2--------4,0255,7317734,0416,5698,0535,9419,90510,118
TTLDPNTTLDPN-TTL DEPRECIATION1---1---3,1332,7254,0212,241XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE------------AMORTAMORT-AMORTIZATION--------1421,4308641,102XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION------------28402840-OTHEXP2 - (GAIN)/LOSS ON DISPOSAL--------31320(948)122815_00802815.0080-OTHEXP2.2815 - ASSET IMPAIRMENT-----------14,020XRESTRXRESTR-X RESTRUCTURING COSTS--------570201193(46)TTLINTRSTTTLINTRST-TOTAL INTEREST--------2931,2211,3111,694XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------55(47)22161XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)------------XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST------------XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------(484)87(4,865)(15,367)(1)---(1)---394175224
Net Sales Seasonality11.6%13.5%7.7%11.8%15.8%17.0%13.7%16.7%17.6%SG&A Seasonality11.1%11.8%11.9%11.3%11.0%10.2%11.7%11.7%10.7%EBITDA Seasonality5.2%6.6%1.0%5.0%8.8%10.4%7.6%12.2%12.6%
mailto:ADJEBITDA@ArchitecturalDatabaseHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualForecastYear200620062006200620072007200720072014201420142014201520152015201520162016PeriodMarJunSepDecMarJunSepDecMarJunSepDecMarJunSepDecMarDecViewQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDYTDEntityCONLGL6ARCH1ARCH1ARCH1CONLGL6ARCH1ARCH1ARCH1ARCH1ARCH1ARCH1ARCH1ARCH1ARCH1ARCH1ARCH1ARCH1ARCH1Valueusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalICP[ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE]Custom 1TtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectCustom 2[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Custom 3AllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesCustom 4[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Entity DescriptionCONSOLIDATED LGL 6ARCHITECTURALARCHITECTURALARCHITECTURALCONSOLIDATED LGL 6ARCHITECTURALARCHITECTURALARCHITECTURALARCHITECTURALARCHITECTURALARCHITECTURALARCHITECTURALARCHITECTURALARCHITECTURALARCHITECTURALARCHITECTURALARCHITECTURALARCHITECTURALEntity Local currencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDScaling1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000Rounding0- 0- 0- 00- 0- 0- 00- 0- 0- 0- 0- 0- 0- 0- 0- 0
HFM AccountCodeDescriptionDescriptionQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q1XNSALENet SalesXNSALE-X NET SALES--------64,64671,56172,21361,79266,92476,01274,11474,76973,511318,338
XTTLMCOSXTTLMCOS-X MATERIAL COST OF SALES--------26,92331,62832,84127,45529,45432,08532,09832,18031,282133,884XTTLDLXTTLDL-X DIRECT LABOR--------10,17610,86710,50010,35611,35212,44112,48112,74313,09851,171XTTLOHXTTLOH-X OVERHEAD--------11,21110,57510,54910,36810,73110,64910,52211,60312,64747,796XTTLDSTRXTTLDSTR-X DISTRIBUTION--------5,3735,6616,1175,5285,6426,5216,5976,6736,02125,975XCOGSDPNXCOGSDPN-X COGS DEPRECIATION--------1,9091,9221,8941,8741,8541,9001,9542,0392,3989,037XTTLCOGSXTTLCOGS-X TOTAL COST OF SALES--------56,80560,45261,76655,57059,05463,66663,65665,24565,531268,022--------(1,213)20113511(21)(70)(4)(7)(85)(159)
XGPGross ProfitXGP-X GROSS PROFIT--------7,84011,10910,4466,2227,87012,34610,4589,5237,97950,317--------1-1----11(1)
XSGASALARYXSGASALARY-X SGA SALARIES--------6,7396,6546,3546,3786,7826,9836,9787,5797,15128,452XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION------------------XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE------------------XSGADPNXSGADPN-X SGA DEPRECIATION & AMORTIZATION--------2,1211,9742,1252,1452,1292,1252,1392,4112,1718,751XSGAFEESXSGAFEES-X SGA PROFESSIONAL AND OTHER FEES--------2111962072502833562897493741,044XSGATRAVELXSGATRAVEL-X SGA TRAVEL--------3613292923163133603544394471,836XSGAUTILXSGAUTIL-X SGA UTILITIES, RENT AND INSURANCE--------2532342302323052482422502441,233XSGAADVXSGAADV-X SGA ADVERTISING--------1651731812202252312312042221,072XSGAPPEXSGAPPE-X DISPOSAL (GAIN) LOSS ON PP&E--------86491324449584374141XSGAHSEXSGAHSE-X SGA HEALTH, SAFETY, ENVIRONMENT--------153018214191886884344XSGASPLYXSGASPLY-X SGA SUPPLIES--------141166147260110141151165149714XSGABADDEBTXSGABADDEBT-X SGA BAD DEBTS--------56(72)(8)(11)(32)1541(18)381XSGAMISCXSGAMISC-X SGA MISCELLANEOUS EXPENSE--------1902521952461551832961821572,104XSGAXSGA-X SELLING, GENERAL & ADMIN--------10,25910,0009,83310,38210,35410,74110,86812,46411,04345,673--------1-(1)(1)11(1)2-(1)
2810_00002810.0000-OTHEXP2.2810 - CLOSURE COSTS------------------2815_00102815.0010-OTHEXP2.2815 - SEVERANCE------------------XRESTRXRESTR-X RESTRUCTURING COSTS------------------------------------XOIXOI-X OPERATING INCOME (LOSS)--------(2,419)1,109613(4,160)(2,484)1,605(409)(2,940)(3,063)4,644--------------(1)(1)(1)-XTTLINTRSTXTTLINTRST-X INTEREST EXPENSE (INCOME), NET--------2,3592,3562,3542,3472,2522,4517266417
XEQINCXEQINC-X EQUITY (INCOME)/LOSS------------------XEXTRAXEXTRA-X EXTRAORDINARY ITEMS------------------
28052805-OTHEXP2 - CROSS CHARGES------------------28062806-OTHEXP2 - ICPROFIT ELIM AND TRF PRICING------------------2815_00002815.0000-OTHEXP2.2815 - NON-RECURRING EXPENSE------------------2815_00202815.0020-OTHEXP2.2815 - (GAIN) LOSS ON SALE OF SUBSIDIARY------------------2815_00302815.0030-OTHEXP2.2815 - TRANSACTION FEES------------------2815_00502815.0050-OTHEXP2.2815 - HEDGING LOSS------------------2815_00702815.0070-OTHEXP2.2815 - (GAIN) LOSS ON EXTINGUISHMENT OF DEBT------------------2815_00902815.0090-OTHEXP2.2815 - NOT ASSIGNED------------------2815_01002815.0100-OTHEXP2.2815 - FOREIGN EXCHANGE (GAIN) LOSS------------------89958995-ADMMISC - UNBUDGETED SHARED SERVICES------------------XOTHEXPMISCXOTHEXPMISC-X MISC EXPENSE (INCOME), NET------------------------------------XDEFOTHXDEFOTH-X DEFERRED COMPENSATION ASSET (GAIN) / LOSS------------------XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET------------------------------------XEBTXEBT-X INCOME (LOSS) FROM CONT OPS BEFORE IT EXPENSE (BENEFIT)--------(4,778)(1,247)(1,741)(6,507)(4,736)(846)(1,135)(2,946)(3,067)4,627------------------
XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)------------------
XICOXICO-X INCOME (LOSS) FROM CONTINUING OPERATIONS--------(4,778)(1,247)(1,741)(6,507)(4,736)(846)(1,135)(2,946)(3,067)4,627------------------
XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS------------------XNIXNI-X NET INCOME (LOSS)--------(4,778)(1,247)(1,741)(6,507)(4,736)(846)(1,135)(2,946)(3,067)4,627------------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST------------------XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------(4,778)(1,247)(1,741)(6,507)(4,736)(846)(1,135)(2,946)(3,067)4,627------------------ADJEBITDA2Adj. EBITDAADJEBITDA2-MG - ADJUSTED EBITDA 2--------4,3596,7406,7002,0004,0308,1856,1404,9264,43127,292
TTLDPNTTLDPN-TTL DEPRECIATION1---1---2,0292,0292,0132,014XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE------------AMORTAMORT-AMORTIZATION--------3,2151,6651,8721,995XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION------------28402840-OTHEXP2 - (GAIN)/LOSS ON DISPOSAL--------864913242815_00802815.0080-OTHEXP2.2815 - ASSET IMPAIRMENT------------XRESTRXRESTR-X RESTRUCTURING COSTS------------TTLINTRSTTTLINTRST-TOTAL INTEREST--------2,3592,3562,3542,347XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET------------XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)------------XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST------------XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------(4,778)(1,247)(1,741)(6,507)(1)---(1)---1,5261,8732,1111,827
Net Sales Seasonality12.1%15.5%14.5%10.1%11.8%16.2%14.1%12.7%10.9%15.8%SG&A Seasonality15.9%14.0%13.6%16.8%15.5%14.1%14.7%16.7%15.0%14.3%EBITDA Seasonality6.7%9.4%9.3%3.2%6.0%10.8%8.3%6.6%6.0%8.6%
mailto:ADJEBITDA@OtherDatabaseHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualBudgetBudgetYear2006200620062006200720072007200720142014201420142015201520152015201620162016PeriodMarJunSepDecMarJunSepDecMarJunSepDecMarJunSepDecMarDecDecViewQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDYTDYTDEntityCONLGL6OTHER1OTHER1OTHER1CONLGL6OTHER1OTHER1OTHER1OTHER1OTHER1OTHER1OTHER1OTHER1OTHER1OTHER1OTHER1OTHER1OTHER1MAL1Valueusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalICP[ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE]Custom 1TtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectCustom 2[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Custom 3AllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesCustom 4[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Entity DescriptionCONSOLIDATED LGL 6OTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICECONSOLIDATED LGL 6OTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEOTHER & HEAD OFFICEAFRICAEntity Local currencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDScaling1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000Rounding0- 0- 0- 00- 0- 0- 00- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
HFM AccountCodeDescriptionDescriptionQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q1Q1XNSALENet SalesXNSALE-X NET SALES--------26,71725,99821,07424,57719,24818,45018,97518,4086,47468,95643,18325,773
XTTLMCOSXTTLMCOS-X MATERIAL COST OF SALES--------13,62913,99012,1398,4657,89410,2559,61510,4846,16635,89712,396XTTLDLXTTLDL-X DIRECT LABOR--------3,6025,3815,3234,2242,4423642,189(349)59710,81810,120XTTLOHXTTLOH-X OVERHEAD--------10,04310,79010,01310,5358,32411,2138,7639,2081,12323,79615,986XTTLDSTRXTTLDSTR-X DISTRIBUTION--------3,5473,8273,4133,4222,5476361,7621,5831206,1355,577XCOGSDPNXCOGSDPN-X COGS DEPRECIATION--------1,1881,8152,0261,4121,5571,5821,7801,5069775,9432,742XTTLCOGSXTTLCOGS-X TOTAL COST OF SALES--------31,47036,21432,91128,31122,81224,06824,11722,6628,97882,67346,833--------539(411)3(253)(48)(18)(8)(230)5(84)(12)
XGPGross ProfitXGP-X GROSS PROFIT--------(4,753)(10,217)(11,836)(3,735)(3,564)(5,618)(5,142)(4,254)(2,505)(13,717)(3,650)---------1(1)1----1--
XSGASALARYXSGASALARY-X SGA SALARIES--------(3,031)(3,405)(5,892)(5,810)(3,821)(1,607)(398)(3,172)8872,0831,091XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION--------2,2832,7972,2542,2702,3793,1071,4906,2603,72810,200-XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE--------176610762(54)105(176)74(115)--XSGADPNXSGADPN-X SGA DEPRECIATION & AMORTIZATION--------1,2911,5521,4061,5092,6231,7611,8441,9511,9729,2894XSGAFEESXSGAFEES-X SGA PROFESSIONAL AND OTHER FEES--------3,7883,0993,7123,7953,4493,1723,2454,0224,32217,175699XSGATRAVELXSGATRAVEL-X SGA TRAVEL--------9277616528676457661,0771,1861,0683,906266XSGAUTILXSGAUTIL-X SGA UTILITIES, RENT AND INSURANCE--------1,0401,09895(2,213)1,023(226)(154)9649994,135430XSGAADVXSGAADV-X SGA ADVERTISING--------159901375310955715237871878XSGAPPEXSGAPPE-X DISPOSAL (GAIN) LOSS ON PP&E--------(4)24(182)252(327)2054(31)--XSGAHSEXSGAHSE-X SGA HEALTH, SAFETY, ENVIRONMENT--------6667929521,2211,1817261,1941,2859393,37477XSGASPLYXSGASPLY-X SGA SUPPLIES--------1931412673452932682694984375991XSGABADDEBTXSGABADDEBT-X SGA BAD DEBTS--------1,23384531(11)48206729688(222)11969XSGAMISCXSGAMISC-X SGA MISCELLANEOUS EXPENSE--------8288146511,7451,0371,183312(283)1,1514,69856XSGAXSGA-X SELLING, GENERAL & ADMIN--------9,3918,6744,1914,0868,5859,5369,50913,53115,51356,2962,770--------(1)-(1)(1)--(1)(2)--1
2810_00002810.0000-OTHEXP2.2810 - CLOSURE COSTS--------25-9,612(54)2553136338616--2815_00102815.0010-OTHEXP2.2815 - SEVERANCE---------(11)--370205285245(7)--XRESTRXRESTR-X RESTRUCTURING COSTS--------25(11)9,612(54)6255189181,106(1)---------------------XOIXOI-X OPERATING INCOME (LOSS)--------(14,169)(18,880)(25,639)(11,949)(12,774)(15,673)(15,569)(49,155)(18,016)(70,013)(6,420)-----------4,182-1-30,264(1)--XTTLINTRSTXTTLINTRST-X INTEREST EXPENSE (INCOME), NET--------7,1336,7766,5456,1177,5492,4583,7664,2243,51915,205-
XEQINCXEQINC-X EQUITY (INCOME)/LOSS--------(242)(329)(268)(503)(165)(430)(406)(472)(428)--XEXTRAXEXTRA-X EXTRAORDINARY ITEMS-------------------
28052805-OTHEXP2 - CROSS CHARGES-------------------28062806-OTHEXP2 - ICPROFIT ELIM AND TRF PRICING-------------------2815_00002815.0000-OTHEXP2.2815 - NON-RECURRING EXPENSE--------35-32137(1)(22)24(11)--2815_00202815.0020-OTHEXP2.2815 - (GAIN) LOSS ON SALE OF SUBSIDIARY---------------30,264---2815_00302815.0030-OTHEXP2.2815 - TRANSACTION FEES--------883745925---2,450---2815_00502815.0050-OTHEXP2.2815 - HEDGING LOSS-----------4--675(284)(370)--2815_00702815.0070-OTHEXP2.2815 - (GAIN) LOSS ON EXTINGUISHMENT OF DEBT------------28,046------2815_00902815.0090-OTHEXP2.2815 - NOT ASSIGNED---------------(773)---2815_01002815.0100-OTHEXP2.2815 - FOREIGN EXCHANGE (GAIN) LOSS--------2321,371(143)(1,323)(1,074)(227)(2,220)811,409--89958995-ADMMISC - UNBUDGETED SHARED SERVICES-------------------XOTHEXPMISCXOTHEXPMISC-X MISC EXPENSE (INCOME), NET--------3551,746(80)(1,272)(1,037)(228)(1,568)1,4971,028-----------(1)(1)(1)28,046-130,265---XDEFOTHXDEFOTH-X DEFERRED COMPENSATION ASSET (GAIN) / LOSS--------14(63)(78)(56)(65)(21)175(74)114--XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------1271,353(426)(1,831)(1,267)(679)(1,799)950715-----------1-----1(1)--XEBTXEBT-X INCOME (LOSS) FROM CONT OPS BEFORE IT EXPENSE (BENEFIT)--------(21,429)(27,009)(31,757)(16,235)(47,101)(17,452)(17,537)(54,329)(22,249)(85,218)(6,420)----------(1)-28,045-1-(1)--
XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)--------191,3802,0031,1313,26415,014(2,511)(1,595)3724,042-
XICOXICO-X INCOME (LOSS) FROM CONTINUING OPERATIONS--------(21,448)(28,389)(33,761)(17,366)(50,365)(32,466)(15,026)(52,734)(22,286)(109,261)(6,420)------------28,045-1-(1)1-
XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS--------(142)(170)(124)(194)(229)(239)(193)(247)(188)480-XNIXNI-X NET INCOME (LOSS)--------(21,590)(28,559)(33,885)(17,560)(50,594)(32,705)(15,219)(52,981)(22,474)(108,781)(6,420)-------------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------92(273)(385)960798(442)67716246758-XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------(21,682)(28,286)(33,500)(18,520)(51,392)(32,263)(15,286)(53,697)(22,720)(109,539)(6,420)-------------------ADJEBITDA2Adj. EBITDAADJEBITDA2-MG - ADJUSTED EBITDA 2--------(6,037)(7,686)(6,710)2,434(2,089)(3,785)(5,532)(3,762)(7,673)(27,221)(3,662)
TTLDPNTTLDPN-TTL DEPRECIATION1---1---1,6832,3642,5692,098XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE--------176610762AMORTAMORT-AMORTIZATION--------2571,4158591,076XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION--------2,2832,7972,2542,27028402840-OTHEXP2 - (GAIN)/LOSS ON DISPOSAL--------(4)24(182)2522815_00802815.0080-OTHEXP2.2815 - ASSET IMPAIRMENT-----------4,182XRESTRXRESTR-X RESTRUCTURING COSTS--------25(11)9,612(54)TTLINTRSTTTLINTRST-TOTAL INTEREST--------7,1336,7766,5456,117XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------1271,353(426)(1,831)XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)--------191,3802,0031,131XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS--------142170124194XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------92(273)(385)960XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------(21,682)(28,286)(33,500)(18,520)(1)---(1)---3,8714,5393,7104,497
Net Sales Seasonality-17.8%-39.3%-56.2%-15.2%-18.5%-30.4%-27.1%-23.1%-38.7%-19.9%-8.5%SG&A Seasonality35.1%33.4%19.9%16.6%44.6%51.7%50.1%73.5%239.6%81.6%6.4%EBITDA Seasonality-22.6%-29.6%-31.8%9.9%-10.9%-20.5%-29.2%-20.4%-118.5%-39.5%-8.5%
HOGADJ1
mailto:ADJEBITDA@FacingsDatabaseHFM FinanceERROR:#REF!ERROR:#REF!ERROR:#REF!HFM FinanceERROR:#REF!ERROR:#REF!ERROR:#REF!HFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualERROR:#REF!ERROR:#REF!ERROR:#REF!ActualERROR:#REF!ERROR:#REF!ERROR:#REF!ActualActualActualActualYear200620062006200620072007200720072015201520152015PeriodMarJunSepDecMarJunSepDecDecDecDecDecViewQTDERROR:#REF!ERROR:#REF!ERROR:#REF!QTDERROR:#REF!ERROR:#REF!ERROR:#REF!YTDYTDYTDYTDEntityCONLGL6ERROR:#REF!ERROR:#REF!ERROR:#REF!CONLGL6ERROR:#REF!ERROR:#REF!ERROR:#REF!004FIBEURFACE1103MIRMAGNA1Valueusd totalERROR:#REF!ERROR:#REF!ERROR:#REF!usd totalERROR:#REF!ERROR:#REF!ERROR:#REF!usd totalusd totalusd totalusd totalICP[ICP TOP]ERROR:#REF!ERROR:#REF!ERROR:#REF![ICP TOP]ERROR:#REF!ERROR:#REF!ERROR:#REF![ICP None][ICP None][ICP None][ICP None]Custom 1TtlDeptProjectERROR:#REF!ERROR:#REF!ERROR:#REF!TtlDeptProjectERROR:#REF!ERROR:#REF!ERROR:#REF!TtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectCustom 2[None]ERROR:#REF!ERROR:#REF!ERROR:#REF![None]ERROR:#REF!ERROR:#REF!ERROR:#REF![None][None][None][None]Custom 3AllTypesERROR:#REF!ERROR:#REF!ERROR:#REF!AllTypesERROR:#REF!ERROR:#REF!ERROR:#REF!AllTypesAllTypesAllTypesAllTypesCustom 4[None]ERROR:#REF!ERROR:#REF!ERROR:#REF![None]ERROR:#REF!ERROR:#REF!ERROR:#REF![None][None][None][None]Entity DescriptionCONSOLIDATED LGL 6#NEED_REFRESH#NEED_REFRESH#NEED_REFRESHCONSOLIDATED LGL 6#NEED_REFRESH#NEED_REFRESH#NEED_REFRESH#NEED_REFRESH#NEED_REFRESH#NEED_REFRESH#NEED_REFRESHEntity Local currencyUSD#NEED_REFRESH#NEED_REFRESH#NEED_REFRESHUSD#NEED_REFRESH#NEED_REFRESH#NEED_REFRESH#NEED_REFRESH#NEED_REFRESH#NEED_REFRESH#NEED_REFRESHScaling1,000ERROR:#REF!ERROR:#REF!ERROR:#REF!1,000ERROR:#REF!ERROR:#REF!ERROR:#REF!1,000,0001,000,0001,000,0001,000,000Rounding0ERROR:#REF!ERROR:#REF!ERROR:#REF!0ERROR:#REF!ERROR:#REF!ERROR:#REF!0000
HFM AccountCodeDescriptionDescriptionQ1Q2Q3Q4Q1Q2Q3Q4Q1Q1Q1Q1XNSALENet SalesXNSALE-X NET SALES------------
Sheet12015FacilityExt Sales
Chile$0.0
Ireland$0.0
Malaysia$0.0
Annual (by segment)DatabaseHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualActualActualActualActualActualActualActualBudgetBudgetBudgetBudgetYear201420142014201420152015201520152016201620162016PeriodDecDecDecDecDecDecDecDecDecDecDecDecViewYTDYTDYTDYTDYTDYTDYTDYTDYTDYTDYTDYTDEntityNARES1EUR1ARCH1OTHER1NARES1EUR1ARCH1OTHER1NARES1EUR1ARCH1OTHER1Valueusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalICP[ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE]Custom 1TtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectCustom 2[None][None][None][None][None][None][None][None][None][None][None][None]Custom 3AllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesCustom 4[None][None][None][None][None][None][None][None][None][None][None][None]Entity DescriptionNA RESIDENTIALEUROPE SEGMENTARCHITECTURALOTHER & HEAD OFFICENA RESIDENTIALEUROPE SEGMENTARCHITECTURALOTHER & HEAD OFFICENA RESIDENTIALEUROPE SEGMENTARCHITECTURALOTHER & HEAD OFFICEEntity Local currencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDScaling1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000Rounding0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0
HFM AccountCodeDescriptionDescriptionQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4XNSALENet SalesXNSALE-X NET SALES1,142,972326,150270,21298,3661,193,224311,841291,81875,0821,297,025356,128308,57268,956
XTTLMCOSXTTLMCOS-X MATERIAL COST OF SALES569,077164,809118,84848,225561,629157,471125,81838,248613,629189,262126,63335,897XTTLDLXTTLDL-X DIRECT LABOR129,11239,78141,89918,530133,50533,44049,0174,647140,85332,68447,00510,818XTTLOHXTTLOH-X OVERHEAD137,88448,40542,70341,381139,91739,77043,50537,508162,89542,08248,01523,796XTTLDSTRXTTLDSTR-X DISTRIBUTION101,31124,64622,67914,209100,25923,73625,4346,527106,16022,63526,6466,135XCOGSDPNXCOGSDPN-X COGS DEPRECIATION24,65611,6847,5986,44026,0747,6237,7476,42426,8596,4308,9045,943XTTLCOGSXTTLCOGS-X TOTAL COST OF SALES962,888289,605234,594128,906961,853262,666251,62193,6601,050,753293,665257,29582,673(848)(280)(867)(121)(469)(626)(100)(306)(357)(572)(92)(84)
XGPGross ProfitXGP-X GROSS PROFIT180,08436,54535,618(30,541)231,37149,17540,197(18,578)246,27262,46351,276(13,717)---1------1-
XSGASALARYXSGASALARY-X SGA SALARIES86,57323,14326,125(18,138)94,33717,90228,320(8,998)89,14112,45127,1622,083XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION---9,605---13,236---10,200XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE---252---(51)----XSGADPNXSGADPN-X SGA DEPRECIATION & AMORTIZATION11,7843,6918,3655,7589,8676,7168,8048,1807,2134,8338,8499,289XSGAFEESXSGAFEES-X SGA PROFESSIONAL AND OTHER FEES1,8193,27686414,3941,7352,6771,67813,8891,4281,20695817,175XSGATRAVELXSGATRAVEL-X SGA TRAVEL5,5021,7371,2983,2086,3631,4981,4663,6746,5219811,6983,906XSGAUTILXSGAUTIL-X SGA UTILITIES, RENT AND INSURANCE2,9491,822950202,4461,5251,0451,6082,3128761,3514,135XSGAADVXSGAADV-X SGA ADVERTISING4,5062,0637394395,7821,7738902888,8611,7041,299718XSGAPPEXSGAPPE-X DISPOSAL (GAIN) LOSS ON PP&E3,843(603)48790796325548(298)----XSGAHSEXSGAHSE-X SGA HEALTH, SAFETY, ENVIRONMENT262174853,6322424922884,3862024613373,374XSGASPLYXSGASPLY-X SGA SUPPLIES1,0506827149461,0535325671,328980625754599XSGABADDEBTXSGABADDEBT-X SGA BAD DEBTS(4)462(35)2,0995035751,671198102119XSGAMISCXSGAMISC-X SGA MISCELLANEOUS EXPENSE1,2961,0798824,0381,2289168162,2501,4923801,3574,698XSGAXSGA-X SELLING, GENERAL & ADMIN119,57937,52640,47526,342123,89734,71544,42741,161118,16923,52443,86656,2961-(1)12(2)-2-11-
2810_00002810.0000-OTHEXP2.2810 - CLOSURE COSTS553787-9,583101,087-2,063----2815_00102815.0010-OTHEXP2.2815 - SEVERANCE94131-(11)-1,414-1,104----XRESTRXRESTR-X RESTRUCTURING COSTS647917-9,572102,501-3,167-----1----------XOIXOI-X OPERATING INCOME (LOSS)59,858(15,917)(4,857)(70,637)107,463(27,200)(4,229)(93,170)128,10238,9397,411(70,013)-14,019-4,182139,159(1)30,2641-(1)-XTTLINTRSTXTTLINTRST-X INTEREST EXPENSE (INCOME), NET1,0194,5199,41526,5701,1208,3335,43517,99791411,5351715,205
XEQINCXEQINC-X EQUITY (INCOME)/LOSS---(1,342)---(1,473)----XEXTRAXEXTRA-X EXTRAORDINARY ITEMS------------
28052805-OTHEXP2 - CROSS CHARGES(1)-----------28062806-OTHEXP2 - ICPROFIT ELIM AND TRF PRICING------------2815_00002815.0000-OTHEXP2.2815 - NON-RECURRING EXPENSE---60-128-38----2815_00202815.0020-OTHEXP2.2815 - (GAIN) LOSS ON SALE OF SUBSIDIARY-----29,721-30,264----2815_00302815.0030-OTHEXP2.2815 - TRANSACTION FEES---546(50)--2,450----2815_00502815.0050-OTHEXP2.2815 - HEDGING LOSS---4---391----2815_00702815.0070-OTHEXP2.2815 - (GAIN) LOSS ON EXTINGUISHMENT OF DEBT-------28,046----2815_00902815.0090-OTHEXP2.2815 - NOT ASSIGNED-----757-(773)----2815_01002815.0100-OTHEXP2.2815 - FOREIGN EXCHANGE (GAIN) LOSS-191-137-202-(3,441)----89958995-ADMMISC - UNBUDGETED SHARED SERVICES------------XOTHEXPMISCXOTHEXPMISC-X MISC EXPENSE (INCOME), NET(1)191-748(50)1,087-(1,336)-------(1)-29,721-58,311----XDEFOTHXDEFOTH-X DEFERRED COMPENSATION ASSET (GAIN) / LOSS---(183)---14----XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET(1)191-(777)(50)1,087-(2,794)-----------(1)----XEBTXEBT-X INCOME (LOSS) FROM CONT OPS BEFORE IT EXPENSE (BENEFIT)58,839(20,628)(14,273)(96,430)106,393(36,621)(9,664)(136,419)127,18827,4047,394(85,218)111--1-28,046----
XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)---4,533---14,1724,981--24,042
XICOXICO-X INCOME (LOSS) FROM CONTINUING OPERATIONS58,839(20,628)(14,273)(100,963)106,393(36,621)(9,664)(150,590)122,20727,4047,394(109,261)111--1-28,045---1
XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS---(630)---(908)---480XNIXNI-X NET INCOME (LOSS)58,839(20,628)(14,273)(101,593)106,393(36,621)(9,664)(151,498)122,20727,4047,394(108,781)------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST2,828--3943,323--1,1393,384--758XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE56,011(20,628)(14,273)(101,987)103,070(36,621)(9,664)(152,637)118,82327,4047,394(109,539)------------ADJEBITDA2Adj. EBITDAADJEBITDA2-MG - ADJUSTED EBITDA 2120,94414,57019,799(18,000)165,56030,46823,281(15,168)188,77151,28727,878(27,221)
TTLDPNTTLDPN-TTL DEPRECIATION31,45712,1178,0838,712XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE---252AMORTAMORT-AMORTIZATION5,8323,5378,7473,608XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION---9,60528402840-OTHEXP2 - (GAIN)/LOSS ON DISPOSAL3,843(603)487902815_00802815.0080-OTHEXP2.2815 - ASSET IMPAIRMENT-14,020-4,182XRESTRXRESTR-X RESTRUCTURING COSTS647917-9,572TTLINTRSTTTLINTRST-TOTAL INTEREST1,0194,5199,41526,570XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET(1)191-(777)XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)---4,533XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS---630XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST2,828--394XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE56,011(20,628)(14,273)(101,987)19,3085007,34016,616
Net Sales SeasonalityGross Margin15.8%11.2%13.2%-31.0%19.4%15.8%13.8%-24.7%19.0%17.5%16.6%-19.9%SG&A SeasonalitySG&A as a % of sales10.5%11.5%15.0%26.8%10.4%11.1%15.2%54.8%9.1%6.6%14.2%81.6%EBITDA SeasonalityAdjusted EBITDA margin10.6%4.5%7.3%-18.3%13.9%9.8%8.0%-20.2%14.6%14.4%9.0%-39.5%8.7%
mailto:ADJEBITDA@Annual AnalysisDatabaseHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualYear2006200620062006200720072007200720142014201420142015201520152015PeriodMarJunSepDecMarJunSepDecDecDecDecDecDecDecDecDecViewQTDYTDYTDYTDQTDYTDYTDYTDYTDYTDYTDYTDYTDYTDYTDYTDEntityCONLGL6NARES1NARES1NARES1CONLGL6NARES1NARES1NARES1NARES1EUR1ARCH1OTHER1NARES1EUR1ARCH1OTHER1Valueusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalICP[ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE]Custom 1TtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectCustom 2[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Custom 3AllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesCustom 4[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Entity DescriptionCONSOLIDATED LGL 6NA RESIDENTIALNA RESIDENTIALNA RESIDENTIALCONSOLIDATED LGL 6NA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALEUROPE SEGMENTARCHITECTURALOTHER & HEAD OFFICENA RESIDENTIALEUROPE SEGMENTARCHITECTURALOTHER & HEAD OFFICEEntity Local currencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDScaling1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000Rounding0- 0- 0- 00- 0- 0- 00- 0- 0- 0- 0- 0- 0- 0
HFM AccountCodeDescriptionDescriptionQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4XNSALENet SalesXNSALE-X NET SALES--------1,142,972326,150270,21298,3661,193,224311,841291,81875,082
XTTLMCOSXTTLMCOS-X MATERIAL COST OF SALES--------569,077164,809118,84848,225561,629157,471125,81838,248XTTLDLXTTLDL-X DIRECT LABOR--------129,11239,78141,89918,530133,50533,44049,0174,647XTTLOHXTTLOH-X OVERHEAD--------137,88448,40542,70341,381139,91739,77043,50537,508XTTLDSTRXTTLDSTR-X DISTRIBUTION--------101,31124,64622,67914,209100,25923,73625,4346,527XCOGSDPNXCOGSDPN-X COGS DEPRECIATION--------24,65611,6847,5986,44026,0747,6237,7476,424XTTLCOGSXTTLCOGS-X TOTAL COST OF SALES--------962,888289,605234,594128,906961,853262,666251,62193,660--------(848)(280)(867)(121)(469)(626)(100)(306)
XGPGross ProfitXGP-X GROSS PROFIT--------180,08436,54535,618(30,541)231,37149,17540,197(18,578)-----------1----
XSGASALARYXSGASALARY-X SGA SALARIES--------86,57323,14326,125(18,138)94,33717,90228,320(8,998)XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION-----------9,605---13,236XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE-----------252---(51)XSGADPNXSGADPN-X SGA DEPRECIATION & AMORTIZATION--------11,7843,6918,3655,7589,8676,7168,8048,180XSGAFEESXSGAFEES-X SGA PROFESSIONAL AND OTHER FEES--------1,8193,27686414,3941,7352,6771,67813,889XSGATRAVELXSGATRAVEL-X SGA TRAVEL--------5,5021,7371,2983,2086,3631,4981,4663,674XSGAUTILXSGAUTIL-X SGA UTILITIES, RENT AND INSURANCE--------2,9491,822950202,4461,5251,0451,608XSGAADVXSGAADV-X SGA ADVERTISING--------4,5062,0637394395,7821,773890288XSGAPPEXSGAPPE-X DISPOSAL (GAIN) LOSS ON PP&E--------3,843(603)48790796325548(298)XSGAHSEXSGAHSE-X SGA HEALTH, SAFETY, ENVIRONMENT--------262174853,6322424922884,386XSGASPLYXSGASPLY-X SGA SUPPLIES--------1,0506827149461,0535325671,328XSGABADDEBTXSGABADDEBT-X SGA BAD DEBTS--------(4)462(35)2,0995035751,671XSGAMISCXSGAMISC-X SGA MISCELLANEOUS EXPENSE--------1,2961,0798824,0381,2289168162,250XSGAXSGA-X SELLING, GENERAL & ADMIN--------119,57937,52640,47526,342123,89734,71544,42741,161--------1-(1)12(2)-2
2810_00002810.0000-OTHEXP2.2810 - CLOSURE COSTS--------553787-9,583101,087-2,0632815_00102815.0010-OTHEXP2.2815 - SEVERANCE--------94131-(11)-1,414-1,104XRESTRXRESTR-X RESTRUCTURING COSTS--------647917-9,572102,501-3,167---------1------XOIXOI-X OPERATING INCOME (LOSS)--------59,858(15,917)(4,857)(70,637)107,463(27,200)(4,229)(93,170)---------14,019-4,182139,159(1)30,264XTTLINTRSTXTTLINTRST-X INTEREST EXPENSE (INCOME), NET--------1,0194,5199,41526,5701,1208,3335,43517,997
XEQINCXEQINC-X EQUITY (INCOME)/LOSS-----------(1,342)---(1,473)XEXTRAXEXTRA-X EXTRAORDINARY ITEMS----------------
28052805-OTHEXP2 - CROSS CHARGES--------(1)-------28062806-OTHEXP2 - ICPROFIT ELIM AND TRF PRICING----------------2815_00002815.0000-OTHEXP2.2815 - NON-RECURRING EXPENSE-----------60-128-382815_00202815.0020-OTHEXP2.2815 - (GAIN) LOSS ON SALE OF SUBSIDIARY-------------29,721-30,2642815_00302815.0030-OTHEXP2.2815 - TRANSACTION FEES-----------546(50)--2,4502815_00502815.0050-OTHEXP2.2815 - HEDGING LOSS-----------4---3912815_00702815.0070-OTHEXP2.2815 - (GAIN) LOSS ON EXTINGUISHMENT OF DEBT---------------28,0462815_00902815.0090-OTHEXP2.2815 - NOT ASSIGNED-------------757-(773)2815_01002815.0100-OTHEXP2.2815 - FOREIGN EXCHANGE (GAIN) LOSS---------191-137-202-(3,441)89958995-ADMMISC - UNBUDGETED SHARED SERVICES----------------XOTHEXPMISCXOTHEXPMISC-X MISC EXPENSE (INCOME), NET--------(1)191-748(50)1,087-(1,336)-----------(1)-29,721-58,311XDEFOTHXDEFOTH-X DEFERRED COMPENSATION ASSET (GAIN) / LOSS-----------(183)---14XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------(1)191-(777)(50)1,087-(2,794)---------------(1)XEBTXEBT-X INCOME (LOSS) FROM CONT OPS BEFORE IT EXPENSE (BENEFIT)--------58,839(20,628)(14,273)(96,430)106,393(36,621)(9,664)(136,419)--------111--1-28,046
XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)-----------4,533---14,172
XICOXICO-X INCOME (LOSS) FROM CONTINUING OPERATIONS--------58,839(20,628)(14,273)(100,963)106,393(36,621)(9,664)(150,590)--------111--1-28,045
XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS-----------(630)---(908)XNIXNI-X NET INCOME (LOSS)--------58,839(20,628)(14,273)(101,593)106,393(36,621)(9,664)(151,498)----------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------2,828--3943,323--1,139XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------56,011(20,628)(14,273)(101,987)103,070(36,621)(9,664)(152,637)----------------ADJEBITDA2Adj. EBITDAADJEBITDA2-MG - ADJUSTED EBITDA 2--------120,94414,57019,799(18,000)165,56030,46823,281(15,168)
TTLDPNTTLDPN-TTL DEPRECIATION1---1---31,45712,1178,0838,712XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE-----------252AMORTAMORT-AMORTIZATION--------5,8323,5378,7473,608XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION-----------9,60528402840-OTHEXP2 - (GAIN)/LOSS ON DISPOSAL--------3,843(603)487902815_00802815.0080-OTHEXP2.2815 - ASSET IMPAIRMENT---------14,020-4,182XRESTRXRESTR-X RESTRUCTURING COSTS--------647917-9,572TTLINTRSTTTLINTRST-TOTAL INTEREST--------1,0194,5199,41526,570XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------(1)191-(777)XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)-----------4,533XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS-----------630XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------2,828--394XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------56,011(20,628)(14,273)(101,987)(1)---(1)---19,3085007,34016,616
Net Sales Seasonality15.8%11.2%13.2%-31.0%19.4%15.8%13.8%-24.7%SG&A Seasonality10.5%11.5%15.0%26.8%10.4%11.1%15.2%54.8%EBITDA Seasonality10.6%4.5%7.3%-18.3%13.9%9.8%8.0%-20.2%
mailto:ADJEBITDA@Summary Page
NA Residential($ in millions)1Q161Q15DiffNet Sales$328.7$273.320.3%
Adj. EBITDA$51.4$29.375.1%
Margin15.6%10.7%+490bps
Architectural($ in millions)1Q161Q15DiffNet Sales$73.5$66.99.8%
Adj. EBITDA$4.4$4.010.0%
Margin6.0%6.0%--
Europe($ in millions)1Q161Q15DiffNet Sales$80.6$75.0+7%
Adj. EBITDA$10.1$6.6+53%
Margin12.5%8.8%+370bps
ConsolidatedDatabaseHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualYear20062006200620062007200720072007201420142014201420152015201520152016PeriodMarJunSepDecMarJunSepDecMarJunSepDecMarJunSepDecMarViewQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDEntityCONLGL6CONMGMT1CONMGMT1CONMGMT1CONLGL6CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1CONMGMT1Valueusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalICP[ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE]Custom 1TtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectCustom 2[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Custom 3AllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesCustom 4[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Entity DescriptionCONSOLIDATED LGL 6CONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED LGL 6CONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTCONSOLIDATED SEGMENTEntity Local currencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDScaling1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000Rounding0- 0- 0- 00- 0- 0- 00- 0- 0- 0- 0- 0- 0- 0- 0
HFM AccountCodeDescriptionDescriptionQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1XNSALENet SalesXNSALE-X NET SALES--------422,460490,175476,124448,940434,465476,428475,650485,422489,305
XTTLMCOSXTTLMCOS-X MATERIAL COST OF SALES--------195,850229,575225,245206,596191,815208,891214,452219,322216,021XTTLDLXTTLDL-X DIRECT LABOR--------54,19059,69659,86255,57353,42454,67256,73655,77759,119XTTLOHXTTLOH-X OVERHEAD--------66,96967,74869,35966,29766,06167,84965,01161,78163,938XTTLDSTRXTTLDSTR-X DISTRIBUTION--------38,00642,22942,35240,25837,68937,87239,31941,07640,015XCOGSDPNXCOGSDPN-X COGS DEPRECIATION--------13,21412,00613,16111,99811,85811,82512,19311,99111,720XTTLCOGSXTTLCOGS-X TOTAL COST OF SALES--------369,474411,568409,894381,364361,156381,394388,141390,424391,060--------(1,245)(314)85(642)(309)(285)(430)(477)(247)
XGPGross ProfitXGP-X GROSS PROFIT--------52,98678,60766,23067,57673,30995,03487,50994,99898,245-----------------
XSGASALARYXSGASALARY-X SGA SALARIES--------30,68830,74628,15428,27231,69833,58933,47932,74134,000XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION--------2,2832,7972,2542,2702,3793,1071,4906,2603,728XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE--------176610762(54)105(176)74(115)XSGADPNXSGADPN-X SGA DEPRECIATION & AMORTIZATION--------6,6627,7427,5477,6468,2047,1708,3649,8309,183XSGAFEESXSGAFEES-X SGA PROFESSIONAL AND OTHER FEES--------5,2904,5235,1895,3504,6694,4425,1475,7215,926XSGATRAVELXSGATRAVEL-X SGA TRAVEL--------3,0513,0202,5363,1382,6983,2473,1833,8743,688XSGAUTILXSGAUTIL-X SGA UTILITIES, RENT AND INSURANCE--------2,4572,5831,493(791)2,4151,0679762,1642,082XSGAADVXSGAADV-X SGA ADVERTISING--------1,9021,7901,9272,1292,2171,7912,7441,9802,394XSGAPPEXSGAPPE-X DISPOSAL (GAIN) LOSS ON PP&E--------1,0871,0362361,457(56)350291786132XSGAHSEXSGAHSE-X SGA HEALTH, SAFETY, ENVIRONMENT--------7779511,1061,3181,3379591,4061,7051,238XSGASPLYXSGASPLY-X SGA SUPPLIES--------7546929191,0277938228151,0491,012XSGABADDEBTXSGABADDEBT-X SGA BAD DEBTS--------1,328687570(63)103294794892(269)XSGAMISCXSGAMISC-X SGA MISCELLANEOUS EXPENSE--------1,4791,8871,8162,1141,7601,8751,0764981,899XSGAXSGA-X SELLING, GENERAL & ADMIN--------57,77558,51953,85553,92958,16158,81959,59067,57564,897---------1(1)-2(1)(1)(1)1
2810_00002810.0000-OTHEXP2.2810 - CLOSURE COSTS--------6424319,8437820613822904272815_00102815.0010-OTHEXP2.2815 - SEVERANCE--------8012870(64)1,536375317291(7)XRESTRXRESTR-X RESTRUCTURING COSTS--------7215609,913(57)2,3569881,1391,19520--------1(1)-------XOIXOI-X OPERATING INCOME (LOSS)--------(5,510)19,5282,462(4,498)12,79235,227(12,380)(4,036)33,328-----------18,202--39,16030,264-XTTLINTRSTXTTLINTRST-X INTEREST EXPENSE (INCOME), NET--------9,99310,59410,44710,49011,7546,7877,1797,1657,232
XEQINCXEQINC-X EQUITY (INCOME)/LOSS--------(242)(329)(268)(503)(165)(430)(406)(472)(428)XEXTRAXEXTRA-X EXTRAORDINARY ITEMS-----------------
28052805-OTHEXP2 - CROSS CHARGES--------(1)--------28062806-OTHEXP2 - ICPROFIT ELIM AND TRF PRICING-----------------2815_00002815.0000-OTHEXP2.2815 - NON-RECURRING EXPENSE--------35-32137455924(11)2815_00202815.0020-OTHEXP2.2815 - (GAIN) LOSS ON SALE OF SUBSIDIARY--------------29,72130,264-2815_00302815.0030-OTHEXP2.2815 - TRANSACTION FEES--------883745925---2,400-2815_00502815.0050-OTHEXP2.2815 - HEDGING LOSS-----------4--675(284)(370)2815_00702815.0070-OTHEXP2.2815 - (GAIN) LOSS ON EXTINGUISHMENT OF DEBT------------28,046----2815_00902815.0090-OTHEXP2.2815 - NOT ASSIGNED---------------(16)532815_01002815.0100-OTHEXP2.2815 - FOREIGN EXCHANGE (GAIN) LOSS--------2871,324(121)(1,162)(991)(229)(2,223)2051,42889958995-ADMMISC - UNBUDGETED SHARED SERVICES-----------------XOTHEXPMISCXOTHEXPMISC-X MISC EXPENSE (INCOME), NET--------4091,698(58)(1,111)(954)(184)(1,489)2,3281,100----------(1)(1)28,046-29,72130,265-XDEFOTHXDEFOTH-X DEFERRED COMPENSATION ASSET (GAIN) / LOSS--------14(63)(78)(56)(65)(21)175(74)114XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------1811,306(404)(1,670)(1,184)(635)(1,720)1,782786-----------------XEBTXEBT-X INCOME (LOSS) FROM CONT OPS BEFORE IT EXPENSE (BENEFIT)--------(15,684)7,629(7,581)(13,318)(25,823)29,076(17,839)(12,983)25,310---------(1)--28,045(1)---
XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)--------191,3802,0031,1313,26415,014(2,511)(1,595)1,993
XICOXICO-X INCOME (LOSS) FROM CONTINUING OPERATIONS--------(15,703)6,249(9,584)(14,449)(29,087)14,062(15,328)(11,389)23,317---------(1)--28,045(1)-1-
XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS--------(142)(170)(124)(194)(229)(239)(193)(247)(188)XNIXNI-X NET INCOME (LOSS)--------(15,845)6,079(9,708)(14,643)(29,316)13,823(15,521)(11,636)23,129-----------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------7414982581,7241,7363817621,5821,084XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------(16,586)5,580(9,967)(16,368)(31,052)13,442(16,283)(13,218)22,045---------111-----ADJEBITDA2Adj. EBITDAADJEBITDA2-MG - ADJUSTED EBITDA 2--------19,71844,05035,59637,72237,78859,05850,51156,84158,241
TTLDPNTTLDPN-TTL DEPRECIATION1---1---15,43014,47015,73514,735XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE--------176610762AMORTAMORT-AMORTIZATION--------5,6915,5934,8895,550XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION--------2,2832,7972,2542,27028402840-OTHEXP2 - (GAIN)/LOSS ON DISPOSAL--------1,0871,0362361,4572815_00802815.0080-OTHEXP2.2815 - ASSET IMPAIRMENT-----------18,202XRESTRXRESTR-X RESTRUCTURING COSTS--------7215609,913(57)TTLINTRSTTTLINTRST-TOTAL INTEREST--------9,99310,59410,44710,490XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------1811,306(404)(1,670)XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)--------191,3802,0031,131XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS--------142170124194XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------7414982581,724XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------(16,586)5,580(9,967)(16,368)(1)---(1)---(1)-12
Net Sales Seasonality12.5%16.0%13.9%15.1%16.9%19.9%18.4%19.6%20.1%SG&A Seasonality13.7%11.9%11.3%12.0%13.4%12.3%12.5%13.9%13.3%EBITDA Seasonality4.7%9.0%7.5%8.4%8.7%12.4%10.6%11.7%11.9%
2.8%-2.8%-0.1%8.1%12.6%
91.6%34.1%41.9%50.7%54.1%4Q131Q142Q143Q144Q141Q15TTM Net Sales422,460912,6351,388,7591,837,6991,849,7041,835,9571,835,4831,871,9651,926,805TTM COGS369,474781,0421,190,9361,572,3001,563,9821,533,8081,512,0551,521,1151,551,019TTM GP52,986131,593197,823265,399285,722302,149323,428350,850375,786TTM GM12.5%14.4%14.2%14.4%15.4%16.5%17.6%18.7%19.5%
mailto:ADJEBITDA@NA ResDatabaseHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualYear20062006200620062007200720072007201420142014201420152015201520152016PeriodMarJunSepDecMarJunSepDecMarJunSepDecMarJunSepDecMarViewQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDEntityCONLGL6NARES1NARES1NARES1CONLGL6NARES1NARES1NARES1NARES1NARES1NARES1NARES1NARES1NARES1NARES1NARES1NARES1Valueusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalICP[ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP TOP][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE][ICP NONE]Custom 1TtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectTtlDeptProjectCustom 2[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Custom 3AllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesAllTypesCustom 4[None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None][None]Entity DescriptionCONSOLIDATED LGL 6NA RESIDENTIALNA RESIDENTIALNA RESIDENTIALCONSOLIDATED LGL 6NA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALNA RESIDENTIALEntity Local currencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDScaling1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000Rounding0- 0- 0- 00- 0- 0- 00- 0- 0- 0- 0- 0- 0- 0- 0
HFM AccountCodeDescriptionDescriptionQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1XNSALENet SalesXNSALE-X NET SALES--------253,870305,708302,284281,110273,268304,892304,159310,905328,72955461
XTTLMCOSXTTLMCOS-X MATERIAL COST OF SALES--------127,583151,930150,396139,167130,597142,832142,738145,462149,084XTTLDLXTTLDL-X DIRECT LABOR--------30,61933,00734,14431,34130,64732,95033,99935,90938,060XTTLOHXTTLOH-X OVERHEAD--------33,83634,56234,57234,91536,15535,69836,36931,69640,739XTTLDSTRXTTLDSTR-X DISTRIBUTION--------23,17226,20326,82725,10923,67024,56025,20026,83027,996XCOGSDPNXCOGSDPN-X COGS DEPRECIATION--------7,0695,6395,3706,5796,5016,5336,5116,5296,520XTTLCOGSXTTLCOGS-X TOTAL COST OF SALES--------223,110251,175251,352237,252227,676242,638244,978246,561262,482--------(831)166(43)(141)(106)(65)(161)(135)(83)
XGPGross ProfitXGP-X GROSS PROFIT--------30,76054,53250,93243,85945,59262,25459,18164,34466,247---------1-(1)-----
XSGASALARYXSGASALARY-X SGA SALARIES--------21,55321,44121,69921,88123,48423,24522,82724,78122,248XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION-----------------XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE-----------------XSGADPNXSGADPN-X SGA DEPRECIATION & AMORTIZATION--------2,7662,9623,0143,0412,6492,4202,2712,5272,475XSGAFEESXSGAFEES-X SGA PROFESSIONAL AND OTHER FEES--------425413415566429422387497402XSGATRAVELXSGATRAVEL-X SGA TRAVEL--------1,3231,4641,2071,5081,3881,7351,4091,8311,838XSGAUTILXSGAUTIL-X SGA UTILITIES, RENT AND INSURANCE--------757734739720637645544619610XSGAADVXSGAADV-X SGA ADVERTISING--------1,2629691,1331,1421,5011,0931,9431,2451,491XSGAPPEXSGAPPE-X DISPOSAL (GAIN) LOSS ON PP&E--------7699291,2758692133172145291XSGAHSEXSGAHSE-X SGA HEALTH, SAFETY, ENVIRONMENT--------597567616790374853XSGASPLYXSGASPLY-X SGA SUPPLIES--------248224304274253282252266310XSGABADDEBTXSGABADDEBT-X SGA BAD DEBTS--------2(14)-87(3)(77)123(152)XSGAMISCXSGAMISC-X SGA MISCELLANEOUS EXPENSE--------288497369141296339325268378XSGAXSGA-X SELLING, GENERAL & ADMIN--------29,45329,69430,22230,21030,92330,58530,13132,25829,745--------(1)--11-1(1)(1)
2810_00002810.0000-OTHEXP2.2810 - CLOSURE COSTS--------32369108433222-2815_00102815.0010-OTHEXP2.2815 - SEVERANCE--------94--------XRESTRXRESTR-X RESTRUCTURING COSTS--------126369108433222------------------XOIXOI-X OPERATING INCOME (LOSS)--------1,18124,46920,60213,60514,66631,66729,04732,08436,502-----------1--1--XTTLINTRSTXTTLINTRST-X INTEREST EXPENSE (INCOME), NET--------208241238333274275279292282
XEQINCXEQINC-X EQUITY (INCOME)/LOSS-----------------XEXTRAXEXTRA-X EXTRAORDINARY ITEMS-----------------
28052805-OTHEXP2 - CROSS CHARGES--------(1)--------28062806-OTHEXP2 - ICPROFIT ELIM AND TRF PRICING-----------------2815_00002815.0000-OTHEXP2.2815 - NON-RECURRING EXPENSE-----------------2815_00202815.0020-OTHEXP2.2815 - (GAIN) LOSS ON SALE OF SUBSIDIARY-----------------2815_00302815.0030-OTHEXP2.2815 - TRANSACTION FEES---------------(50)-2815_00502815.0050-OTHEXP2.2815 - HEDGING LOSS-----------------2815_00702815.0070-OTHEXP2.2815 - (GAIN) LOSS ON EXTINGUISHMENT OF DEBT-----------------2815_00902815.0090-OTHEXP2.2815 - NOT ASSIGNED-----------------2815_01002815.0100-OTHEXP2.2815 - FOREIGN EXCHANGE (GAIN) LOSS-----------------89958995-ADMMISC - UNBUDGETED SHARED SERVICES-----------------XOTHEXPMISCXOTHEXPMISC-X MISC EXPENSE (INCOME), NET--------(1)------(50)------------------XDEFOTHXDEFOTH-X DEFERRED COMPENSATION ASSET (GAIN) / LOSS-----------------XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------(1)------(50)------------------XEBTXEBT-X INCOME (LOSS) FROM CONT OPS BEFORE IT EXPENSE (BENEFIT)--------97424,22820,36513,27214,39131,39228,76831,84236,220----------(1)-1----
XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)----------------1,956
XICOXICO-X INCOME (LOSS) FROM CONTINUING OPERATIONS--------97424,22820,36513,27214,39131,39228,76831,84234,265----------(1)-1---(1)
XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS-----------------XNIXNI-X NET INCOME (LOSS)--------97424,22820,36513,27214,39131,39228,76831,84234,265-----------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------649771643764938823695867838XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------32523,45719,72112,50813,45330,56928,07330,97533,426----------1-----1ADJEBITDA2Adj. EBITDAADJEBITDA2-MG - ADJUSTED EBITDA 2--------17,49039,17934,90029,37429,34746,71343,88645,61551,375
TTLDPNTTLDPN-TTL DEPRECIATION1---1---8,5897,3527,1338,383XDEFCOMPXDEFCOMP-X DEFERRED COMPENSATION EXPENSE------------AMORTAMORT-AMORTIZATION--------2,0771,0831,2951,377XSGASTOCKXSGASTOCK-X SGA STOCK BASED COMPENSATION------------28402840-OTHEXP2 - (GAIN)/LOSS ON DISPOSAL--------7699291,2758692815_00802815.0080-OTHEXP2.2815 - ASSET IMPAIRMENT------------XRESTRXRESTR-X RESTRUCTURING COSTS--------12636910843TTLINTRSTTTLINTRST-TOTAL INTEREST--------208241238333XOTHEXPXOTHEXP-X OTHER EXPENSE (INCOME), NET--------(1)---XINCTAXXINCTAX-X INCOME TAX EXPENSE (BENEFIT)------------XEARNDISCOPSXEARNDISCOPS-X INCOME (LOSS) FROM DISCONTINUED OPERATIONS------------XMIEARNXMIEARN-X NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST--------649771643764XNIMASOXNIMASO-X NET INCOME (LOSS) ATTRIBUTABLE TO MASONITE--------32523,45719,72112,508(1)---(1)---4,7484,9774,4875,097
Net Sales Seasonality12.1%17.8%16.8%15.6%16.7%20.4%19.5%20.7%20.2%SG&A Seasonality11.6%9.7%10.0%10.7%11.3%10.0%9.9%10.4%9.0%EBITDA Seasonality6.9%12.8%11.5%10.4%10.7%15.3%14.4%14.7%15.6%
mailto:ADJEBITDA@EuropeDatabaseHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceHFM FinanceScenarioActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualYear20062006200620062007200720072007201420142014201420152015201520152016PeriodMarJunSepDecMarJunSepDecMarJunSepDecMarJunSepDecMarViewQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDQTDEntityCONLGL6EUR1EUR1EUR1CONLGL6EUR1EUR1EUR1EUR1EUR1EUR1EUR1EUR1EUR1EUR1EUR1EUR1Valueusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalusd totalICP[ICP TOP][ICP NONE][ICP NONE]