Posts Tagged ‘ Masonite International Corp. ’

Masonite Announces Five New Builder/Partners for M-Pwr Smart Doors

Oct 3rd, 2022

Masonite International Corp. has announced the expansion of its M-Pwr Smart Doors home builder portfolio with the addition of five new builder partners. According to the company, its M-Pwr Smart Doors are the first residential exterior doors to integrate power, LED welcome lights, video doorbells and smart locks into the door system. “We’re thrilled to […]

Masonite Invests $4.8M in Circular Innovation Fund to Scale Breakthrough Sustainability Innovations

Sep 26th, 2022

Masonite International Corp., designer, manufacturer, marketer and distributor of interior and exterior doors, has announced a $4.8M investment in the Circular Innovation Fund L.P. (CIF), a venture capital fund dedicated to advancing the circular economy by investing in growth-stage companies across North America, Europe and Asia. Investors in CIF believe it has the potential to […]

Masonite Opens New Exterior Door Manufacturing Facility in United Kingdom

Jul 1st, 2022

Masonite International Corp. has announced the opening of a new plant in Stoke-on-Trent, England. The company says the new facility combines the previous Solidor® production and storage sites into one manufacturing hub and utilizes advanced manufacturing automation to improve production efficiency, product quality and the work experience for employees. “The opening of this purpose-built facility […]

Masonite Reports “Exceptional Start” to 2022

May 10th, 2022

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 Corp. Announces Execution of $100 Million Accelerated Share Repurchase Agreement

Mar 4th, 2022

Masonite International Corporation has announced that it has entered into an accelerated share repurchase agreement (ASR Agreement) with Morgan Stanley & Co. LLC to repurchase an aggregate of $100 million of the company’s outstanding common shares. The ASR Agreement is part of Masonite’s existing share repurchase program, which after giving effect to the share repurchase […]

Masonite International Corp Announces $200 Million Additional Share Repurchase Program

Feb 24th, 2022

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 […]

Masonite Reports Net Sales Increase While Labor and Logistical Challenges Remain

Nov 15th, 2021

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 […]

Masonite Names Chris Ball as President, Global Residential

Sep 9th, 2021

Masonite International Corp. has announced that Chris Ball has joined the company as president, Global Residential. He replaces James A. “Tony” Hair, who submitted his resignation in August. “Chris has an extensive background leading global teams to drive growth,” said Howard Heckes, president and CEO. “I believe his leadership style, knowledge, and relevant experience will […]

Masonite Appoints Chief Sustainability Officer and New Europe General Manager

Aug 24th, 2021

Effective immediately, Masonite International Corp. has appointed Clare Doyle to the role of senior vice president, chief sustainability officer, and Vicky Philemon has been named senior vice president, general manager, Europe, for the designer, manufacturer, marketer and distributor of interior and exterior doors. “I am extremely pleased to announce these two Masonite Leadership Team appointments,” […]

Masonite Reports Hefty Revenue Increase in Second-Quarter Financials

Aug 13th, 2021

Net sales increased 33% to $662 million versus $500 million. That’s just one of the growth highlights that came out of the recent second-quarter financial results for Masonite International Corp., despite continuing supply chain challenges. Net income attributable to Masonite increased to $35 million from $34 million. “Robust demand in our residential end markets and […]

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