Posts Tagged ‘ Masonite ’

Masonite International Announces Restructuring of Israel Subsidiary

Aug 25th, 2014

Masonite International Corp. announced that the Board of Directors of Masonite Israel Ltd., a wholly-owned subsidiary of Masonite International Corp., decided to voluntarily seek a Stay of Proceedings from the Israeli courts in an attempt to restructure the business. The court is expected to appoint a Trustee to oversee the operation of the business and [...]

Winter Weather Affects Masonite’s First Quarter Results

May 8th, 2014

Masonite International Corp. announced results for the three months ended March 30, 2014, and reported that net sales decreased $2 million or .5 percent to $422.5 million in the first quarter of 2014 compared with the first quarter of 2013 as a 4.5 percent drop in unit volumes due to unusually harsh winter conditions. Net loss [...]

Masonite Reports 2013 Third Quarter and Year-to-Date Results

Nov 12th, 2013

Masonite International Corp. announced results for the three and nine months ended September 29, 2013. According to the company, it saw net sales increase by $8.1 million, or 1.9 percent, in the third quarter to $433.1 million. Additionally, net income attributable to Masonite increased $13.5 million to $3.6 million, or $0.12 per diluted share, in [...]

Masonite Adds New Talent to Residential Door Business

Nov 4th, 2013

Tony Hair joins Masonite International Corp. as vice president and business leader, residential door business. He will be responsible for the financial performance, strategic planning, sales, marketing, branding and product management for the North American residential door business. He will report directly to Larry Repar, executive vice president and Masonite’s chief operating officer. With more [...]

Masonite International Corporation Adds New Board Member

Oct 1st, 2013

Masonite International Corp. announced that Rick J. Mills, former corporate vice president and president of the Components Group of Cummins, Inc., was elected to the company’s board of directors effective immediately, expanding the size of the board to eight members. Mills was also appointed to the board’s audit committee, replacing Robert J. Byrne, who resigned [...]

Masonite Opens Interior Door Production Line; Files Form 10

Aug 21st, 2013

Masonite_DoorSkinAssemblyMachine

Tampa, Fla.-based Masonite® International Corp. recently opened a 200,000 square-foot door manufacturing facility in Denmark, S.C., with a fully automated production line. With its premier automation technology, Masonite says the manufacturing facility in Denmark will help the company improve product quality and safety while distributing its interior residential door products to the southeast market faster. [...]

Masonite Losses Continue in Second Quarter

Aug 14th, 2013

Door manufacturer Masonite reported a net loss of $1.2 million in the three months ended June 30, 2013, compared to a $3.9 million loss a year earlier. Net sales increased $20.3 million or 4.7 percent to $453.1 million in the second quarter of 2013 over the second quarter of 2012. “Second quarter results reflect a [...]

Masonite Completes Acquisition of Masisa S.A.

Jul 11th, 2013

Masonite International Corp. has completed its acquisition of the door manufacturing operations of Masisa S.A. The transaction includes the purchase of the door component operations in Cabrero, Chile and the door assembly factory in Chillan, Chile. The operations acquired manufacture high quality stile and rail panel and French wood doors for the North American market. [...]

Masonite Announces Agreement to Acquire Masisa Door Manufacturing Operations

Jun 18th, 2013

Masonite International Corp. has announced that it has signed a definitive agreement to acquire the door manufacturing operations of Masisa S.A. for approximately $12.5 million. The transaction includes the door component operations in Cabrero, Chile, and a door assembly factory in Chillan, Chile. The operations to be acquired primarily manufacture high-quality stile and rail panel [...]

Masonite Plans $150 Million IPO

Feb 28th, 2013

Masonite International filed a statement with the U.S. Securities and Exchange Commission yesterday for an initial public offering (IPO) of $150 million. The company also announced its fourth quarter and year ended December 31, 2012, financial results. Net sales increased $34.4 million, or 9-percent, to $418.2 million and $186.8 million, or 12.5 percent, to $1,676.0 [...]