Masonite International Corporation Announces Preliminary Earnings Results for the Fourth Quarter and Full Year Ended December 29, 2013; Provides Impairment Charge Guidance for the Fourth Quarter Ended December 29, 2013
For the full year, the company's net sales for the full year ended December 29, 2013 is expected to be between $1,728.5 million to $1,733.5 million, as compared to the full year ended December 31, 2012 of $1,676.0 million. Adjusted EBITDA for the full year ended December 29, 2013 is expected to be between $104.7 million to $106.9 million, as compared to the full year ended December 31, 2012 of $97.261 million. Loss from continuing operations before income tax expense expected to be between $25.4 million to $27.3 million as compared to $35.167 million reported for the full year ended December 31, 2012.
The company provided impairment charge guidance for the fourth quarter ended December 29, 2013. For the quarter, the company expects to report impairment of property, plant and equipment at high end of $1.1 million.