Masonite International Corporation (“Masonite” or “the Company”) (NYSE: DOOR) now expects full-year 2021 sales growth around 15 percent, thanks to robust residential demand.

The Company expects 2021 Adjusted EBITDA to be around $45 million and diluted adjusted EPS of $8.00 to $8.60.

“Based on the continued strength of our residential end markets, favorable foreign exchange, and actions we are taking to offset inflation, we have raised our outlook accordingly,” Mr. Heckes said. “While inflation presents a near term challenge, we continue to expect strong full year margin growth and we believe 2021 will be an exceptional year overall for Masonite’s growth and our commitment of delivering Doors That Do More.”