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 […]

Four publicly traded door and window companies released financial results last week, showing mostly solid fourth-quarter and year-end results. Despite a housing market that slumped throughout 2022, net sales were up for Masonite and PGT Innovations in the fourth quarter. Meanwhile, reports from Fortune Brands Innovations (including Therma-Tru, Larson and Master Lock) weren’t as strong, […]

While the market for new single-family homes remains tepid, that didn’t affect the mood at this year’s International Builders Show (IBS). With steady crowds persisting throughout the event, it was all smiles in the booths of door and window manufacturers. With shoulder-to-shoulder traffic, “We had to walk outside of the booth in order to make […]

A federal judge in Delaware ruled that law firm Bernstein Litowitz Berger & Grossmann LLP, along with firms Levi & Korsinsky LLP and Robbins LLP, are entitled to a portion of the settlement fund with respect to allegations of insider trading and anti-trust violations by Jeld-Wen upper management. In February 2021, plaintiff Jason Aldridge, derivatively […]

A Masonite employee is taking the company to court in Mississippi over claims that it failed to accurately record time, and properly pay non-exempt hourly and salaried employees following a service outage to timekeeping and payroll systems in December 2021. According to documents filed by the Plaintiff, on or about Dec. 11, 2021, Masonite’s timekeeping […]

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 […]

With around 19 million veterans in the U.S., door and window companies pause each year to commemorate their service—some through jobs and skill-building programs, commemorative activities or donations. Others choose to lend a helping hand. Officials for Window World say their company regularly volunteers its corporate jet for Veterans Airlift Command, which provides free air […]

Masonite hosted a ribbon-cutting ceremony at its corporate headquarters building in the Ybor City area of Tampa, Fla., last week. The building was completed in early 2020, and Masonite employees began working on site on a full time, flexible basis in the summer of 2021. The 56,000 square-foot facility is known to Masonite employees as […]

“We’re here.” That was the message from World Millwork Alliance president and CEO Rosalie Leone this week, as the association proceeded—in person—with its annual trade show. After sitting out a year and proceeding with a virtual platform in 2020, “Two years is just too long,” Leone declared. While the event failed to gather as many […]

“We are extremely pleased with our performance in the fourth quarter and our strong finish to what has been an exceptional year,” said Masonite president and CEO Howard Heckes when announcing the company’s 2020 fourth quarter and full year financial results. The numbers bear this out as net sales increased 16% to $619 million versus […]