With the first fiscal quarter of 2023 in the books, financial reports are trickling in from door and window manufacturers, including Jeld-Wen and Masonite. Jeld-Wen CEO William Christensen reports “solid first quarter results” for the company, while Masonite reports results that were “ahead of expectations” despite a year-over-year decline from Q1 2022. For the first […]

Masonite International Corp. recently announced that its acquisition of Endura Products, initially announced in November, is now complete. “We are excited to complete the acquisition of Endura and add their high-performance door frames and door system components to our product portfolio,” said Howard Heckes, president and CEO for Masonite. “The combination of our two companies […]

Third-quarter financial reports are rolling in and at least two major players in the door and window manufacturing industry are reporting similar, steady increases over last year’s third quarter. Jeld-Wen Holdings closed its third quarter on September 24 and dropped the report on Halloween. The company reports a 13% increase in net revenue, resulting in […]

This morning Masonite International Corporation announced that a wholly-owned subsidiary has entered into a definitive agreement to acquire the holding company of Endura Products, for approximately $375 million in cash. The transaction is subject to customary closing adjustments and regulatory approval. Endura is an innovator and manufacturer of high-performance door frames and door system components […]

Masonite International Corporation reports a 15% increase in year-over-year net sales, from $662 million to $762 million, for the second quarter of 2022. With net income for the quarter recorded at $59 million, an increase of 67% from this time last year, president and CEO Howard Heckes called his company’s performance “solid.” According to Masonite, […]

Last week, Masonite International Corporation announced results for the three months ended April 3, 2022. The company reports that its net sales were up 12% year over year, from $646 million in the first quarter of 2021 to $726 million. The increase resulted from a 15% increase in average unit price (AUP), partially offset by […]

Masonite International Corporation has announced that James “Jim” Pelletier has joined the company as senior vice president, general counsel and corporate secretary. He replaces Robert “Bob” E. Lewis. “Bob made significant contributions to grow Masonite since joining the company in 2012,” said Howard Heckes, president and CEO, Masonite. “In addition to playing an important role […]

Masonite International Corp. has announced that its Board of Directors has approved a new share repurchase program allowing the company to repurchase up to an additional $200 million of its outstanding common shares. The new authorization, plus approximately $156 million currently available under its existing share repurchase authorization approved in August 2021, provides the company […]

CES 2022 took place last week in Las Vegas, and while reports show lower attendance than previous years due to COVID-19, a few players in the door hardware space, and glass, still came armed with their latest innovations. The annual event is one that unveils the newest consumer electronic technology. The biggest introduction came from […]

Masonite International Corp. reported net sales increased 11% to $652 million for the third quarter of 2021, versus $588 million for the previous year. Net income attributable to Masonite increased to $38 million from a $22 million loss. “We delivered another quarter of year-on-year net sales growth as a result of favorable pricing actions across […]