Posts Tagged ‘ Masonite International Corp. ’

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 […]

Masonite Appoints Barry Ruffalo to Board of Directors

Jul 30th, 2021

Masonite International Corp. appointed Barry Ruffalo to the company’s board of directors. His appointment expands the Board from ten to eleven members. “Barry brings extensive experience in operational excellence and innovation,” said Robert Byrne, board chairperson. “We welcome him to the Masonite board of directors and we look forward to benefiting from his insights and […]

Masonite International Corp. Announces Plan for New S.C. Manufacturing Facility

Jun 25th, 2021

Masonite International Corp. announced plans to invest in a new door manufacturing facility in Fort Mill, SC. “We’re excited about this opportunity to better serve our customers by expanding our capacity with an additional facility in the Southeast,” said Howard Heckes, Masonite president and CEO. “The new plant’s location is ideally suited from a logistics […]

Masonite International Names Richard Leland as Vice President, Finance and Treasurer

May 20th, 2021

Masonite International Corp. recently announced the appointment of Richard Leland to vice president of finance and treasurer. In this role, he will have responsibility for all treasury and investor relations activities, as well as the corporate business planning and analysis function. Leland comes to Masonite from Office Depot, where he led global treasury, investor relations, […]

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