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MASONITE INTERNATIONAL CORP - DOOR STOCK NEWS

Welcome to our dedicated page for MASONITE INTERNATIONAL news (Ticker: DOOR), a resource for investors and traders seeking the latest updates and insights on MASONITE INTERNATIONAL stock.

Masonite International Corporation (symbol: DOOR) is a leading global manufacturer and distributor of interior and exterior doors. Known for its commitment to excellence, Masonite offers a diverse range of high-quality products, including residential, commercial, and architectural doors. The company operates in multiple segments, including North American Residential, Europe, and Architectural, ensuring a broad market reach.

Headquartered in Tampa, Florida, Masonite has a robust network of manufacturing plants, distribution centers, and dedicated employees worldwide. The company's vision is to be the premier provider of building products, focusing on innovation, quality, and customer satisfaction.

Masonite's recent achievements include strategic acquisitions, technological advancements in door manufacturing, and expanding its product line to meet the evolving demands of the construction industry. The company is also invested in sustainability initiatives, ensuring their operations and products are environmentally friendly.

Financially, Masonite has demonstrated consistent growth, with a strong balance sheet and a commitment to delivering value to shareholders. The company's partnerships with leading suppliers and distributors further cement its position in the industry, providing a reliable supply chain and exceptional customer service.

The company's core values—integrity, respect, and collaboration—are the foundation of its corporate culture. Masonite's collaborative environment encourages employees to contribute ideas freely, fostering innovation and continuous improvement. This approach has made Masonite a transparent and fair company that values its employees, customers, and partners alike.

For investors and stakeholders, Masonite's focus on quality, innovation, and customer satisfaction makes it a compelling investment opportunity in the building products sector.

News

Masonite Introduces Exterior Door System that Delivers Superior Security for Homes

Rhea-AI Summary
Masonite International Corporation (NYSE: DOOR) introduces the Masonite Performance Door System with M-Protect Multipoint Security Lock, offering homeowners enhanced protection with four times more impact resistance than standard deadbolt locks. The system is proven to be 64% more effective at keeping air and water out than the leading competitor, providing superior security and weather resistance. The system is compatible with various handlesets and off-the-shelf hardware, including electronic deadbolts, and is available with all Masonite exterior fiberglass doors. MSRP for the complete door system starts at $499, with availability through select distribution partners and home improvement retail stores in the U.S. and Canada.
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Masonite International Corporation Reports 2023 Fourth Quarter and Full Year Financial Results

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Masonite International Corporation (NYSE: DOOR) reported full year 2023 net sales of $2.8 billion and net income of $118 million. They achieved full year adjusted EBITDA of $419 million and a record high $408 million operating cash flow. Masonite enhanced its product portfolio through acquisitions of Endura Products and Fleetwood during 2023. Subsequently, they announced a definitive agreement with Owens Corning (NYSE: OC) for acquisition at $133.00 per share in cash.
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Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction Materials

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Owens Corning (OC) acquires Masonite International Corporation for $3.9 billion, expanding its residential product offerings and creating a new growth platform. The deal is expected to enhance Owens Corning's financial profile, generate synergies, and drive shareholder value. Masonite's market-leading doors business complements Owens Corning's existing portfolio, positioning the company for long-term growth and innovation.
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Masonite Announces Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call

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Masonite International Corporation (NYSE: DOOR) will release its fourth quarter and full year 2023 financial results on February 19, 2024, followed by a conference call on February 20, 2024. The webcast and telephone access details are provided for the call and replay, offering investors an opportunity to engage with the company's financial performance.
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Masonite Confirms Termination of Agreement to Acquire PGT Innovations

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Masonite International Corporation terminates merger agreement with PGT Innovations, Inc. after decision not to submit a revised offer, receives $84 million termination fee. The company remains committed to financial discipline and strategic investments, focusing on 'Doors That Do More™' growth initiatives and 2027 financial goals.
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Masonite Reiterates the Compelling Value of its Agreement to Acquire PGT Innovations

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Masonite International Corporation (NYSE: DOOR) reaffirms commitment to merge with PGT Innovations, Inc. (NYSE: PGTI), offering compelling financial and strategic benefits, including $33.50 in cash for PGTI shareholders, increased revenue growth rate, and $100 million in synergies.
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PGT Innovations Board of Directors Determines that Miter’s Unsolicited Proposal Would Reasonably Be Expected to Lead to a Superior Proposal

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PGT Innovations, Inc. (PGTI) announced that its Board of Directors is considering an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGTI common stock for $41.50 per share in cash, which is competing with PGTI's definitive agreement to be acquired by Masonite International Corp for $41.00 per share, comprised of $33.50 in cash and 0.07353 shares of Masonite common stock. This announcement comes after PGTI engaged with 12 different potential strategic and financial counterparties, including Miter, and received a total of 15 proposals with ever-increasing deal values, which culminated in the definitive agreement with Masonite for $41.00 per share.
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PGT Innovations, Inc. Receives Unsolicited Proposal from Miter Brands

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PGT Innovations, Inc. (NYSE: PGTI) has received an unsolicited proposal from Miter Brands to acquire all outstanding shares of PGT Innovations’ common stock for $41.50 per share in cash. This comes after PGT Innovations entered into a definitive agreement to be acquired by Masonite International Corp. (NYSE: DOOR) for $41.00 per share in cash and Masonite stock, representing a premium of approximately 56.5% over the closing price per share of PGTI common stock on October 9, 2023. PGT Innovations’ Board of Directors will carefully review Miter Brands’ proposal to determine if it is reasonably likely to lead to a superior proposal. Shareholders are advised to take no action at this time.
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Masonite Announces Transformative Acquisition of PGT Innovations, Creating a Leading Door and Window Solutions Company with Over $4 Billion In Combined Revenue

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Masonite International Corporation (NYSE: DOOR) will acquire PGT Innovations, Inc. (NYSE: PGTI) for a total transaction value of $3.0 billion. The acquisition will be a combination of cash and Masonite shares, with PGT Innovations shareholders receiving $41.00 per share, representing a 24% premium to the 30-day volume weighted average share price. The deal is expected to provide Masonite with complementary product offerings, expanded routes to market, and significant synergies, positioning the company for sustainable long-term value creation.
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Masonite International Corporation Reports Third Quarter Results Featuring Margin Resilience and Strong Operating Cash Flow

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Masonite International Corporation (NYSE: DOOR) announced a 4% decline in net sales year over year, but maintained strong focus on price-cost management. Operating cash flow for the year was $310 million. The company also revealed the acquisition of Fleetwood, a premium provider of glass door systems.
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FAQ

What is the current stock price of MASONITE INTERNATIONAL (DOOR)?

The current stock price of MASONITE INTERNATIONAL (DOOR) is $132.84 as of May 14, 2024.

What is the market cap of MASONITE INTERNATIONAL (DOOR)?

The market cap of MASONITE INTERNATIONAL (DOOR) is approximately 2.9B.

What does Masonite International Corporation do?

Masonite is a global manufacturer and distributor of interior and exterior doors, offering a wide range of high-quality products for residential, commercial, and architectural applications.

Where is Masonite International headquartered?

Masonite International Corporation is headquartered in Tampa, Florida.

What are Masonite's core values?

Masonite's core values include integrity, respect, and collaboration, which are integral to their corporate culture and operations.

What recent achievements has Masonite made?

Masonite has made strategic acquisitions, technological advancements, and expanded its product line to meet industry demands, while also focusing on sustainability initiatives.

What financial condition is Masonite in?

Masonite has demonstrated consistent financial growth, maintaining a strong balance sheet and delivering value to shareholders.

How does Masonite support innovation?

Masonite fosters a collaborative environment where employees can freely contribute ideas, driving innovation and continuous improvement in their products and processes.

What markets does Masonite serve?

Masonite serves multiple markets, including North American Residential, Europe, and Architectural segments.

How does Masonite ensure product quality?

Masonite focuses on excellence in manufacturing and distribution, leveraging partnerships with leading suppliers to deliver high-quality, reliable products.

What is Masonite's approach to sustainability?

Masonite is committed to sustainability, implementing environmentally friendly practices in their operations and product development.

Why is Masonite a good investment opportunity?

Masonite's focus on quality, innovation, and customer satisfaction, along with its consistent financial performance, makes it a compelling investment in the building products sector.

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MASONITE INTERNATIONAL CORP

NYSE:DOOR

DOOR Rankings

#1691 Ranked by Market Cap
N/A Ranked by Dividends

DOOR Stock Data

2.92B
21.98M
1.63%
99.35%
3.3%
Building Products & Equipment
Millwood, Veneer, Plywood, & Structural Wood Members
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United States of America
TAMPA