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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.
Masonite International Corporation (NYSE: DOOR) announced that Howard C. Heckes, President and CEO, will present at the Baird 2021 Global Industrial Conference on Thursday, Nov. 11, 2021. A live webcast of the presentation will be accessible on the Company's Investor Relations page at www.masonite.com. The webcast replay will be available for a year following the event. Founded in 1925, Masonite is a global leader in designing and distributing doors, serving around 7,600 customers across 60 countries.
Masonite International Corporation (NYSE: DOOR) has launched its new Defendr™ Door System, designed to provide enhanced security against attacks within buildings. This door system aims to protect students, staff, and healthcare workers by delaying unauthorized entry, thus giving security personnel crucial response time. The product features heavy-duty construction and Armoured One tactical security glass, certified through specialized testing. Available in various attractive designs, the Defendr™ Door System aligns safety with aesthetics, meeting the demand for practical yet stylish security solutions.
Masonite International Corporation (NYSE: DOOR) will release its Q3 2021 financial results after market close on Monday, Nov. 8, 2021. A conference call to discuss these results will occur at 9:00 a.m. EST on Tuesday, Nov. 9, 2021. Investors can access a live audio webcast of the call on the Masonite website and dial-in options are available both in the U.S. and internationally. A replay of the call will be accessible until Nov. 23, 2021.
Masonite, established in 1925, specializes in designing and distributing doors for various construction sectors.
Masonite International Corporation (NYSE: DOOR) announced the appointment of Chris Ball as President, Global Residential, replacing James A. Hair. Ball has extensive leadership experience, previously serving as President of Cooper Tire & Rubber Company for the Americas and holding significant roles at Whirlpool Corporation. His leadership is expected to enhance Masonite's growth strategy, particularly the Doors That Do More™ initiative. The company aims to leverage his skills to drive further expansion in residential and non-residential sectors.
Masonite International Corporation (NYSE: DOOR) announced that Russ Tiejema, Executive Vice President and CFO, will present at the RBC Capital Markets Global Industrials Conference on Thursday, Sept. 9, 2021. A live webcast of the presentation will be accessible through the Investor Relations section of the company's website at www.masonite.com. A replay will be available for two weeks after the presentation. Masonite is a global leader in designing and distributing doors for residential and non-residential markets, serving approximately 7,600 customers in 60 countries.
Masonite International Corporation (NYSE: DOOR) reported a significant 33% rise in Q2 2021 net sales, totaling $662 million, compared to $500 million in Q2 2020. Net income rose to $35 million, with diluted EPS increasing to $1.41 from $1.38. Adjusted EBITDA also grew to $111 million, up 20% year-over-year. Masonite repurchased 283,712 shares for approximately $32 million. For 2021, the company expects net sales growth of 17-20%, maintaining its Adjusted EBITDA forecast between $435 million and $455 million.
Masonite International Corporation (NYSE: DOOR) announced a new share repurchase program, allowing the repurchase of up to $250 million of its common shares. This includes approximately $40 million left from the previous authorization granted in May 2018. The repurchases will occur in open markets or privately negotiated transactions, contingent upon market conditions. CEO Howard Heckes emphasized that these repurchases align with the company's 2025 Centennial Plan, aiming to enhance long-term shareholder returns.
Masonite International Corporation (NYSE: DOOR) has appointed Barry A. Ruffalo to its Board of Directors, expanding the board from ten to eleven members. Ruffalo brings significant operational and innovative expertise, having served as President and CEO of Astec Industries since 2019. His experience includes leadership roles at Valmont Industries and Lindsay Corporation, focusing on engineered products and infrastructure. The Board's chairman, Robert J. Byrne, expressed optimism about the insights Ruffalo will provide.
Masonite International Corporation (NYSE: DOOR) will release its Q2 2021 financial results on August 9, 2021, after market close.
A conference call to discuss these results is scheduled for August 10, 2021, at 9:00 a.m. EDT. Investors can access the live webcast on Masonite's website and participate by telephone at specified numbers for U.S. and international callers. A replay of the call will be available until August 24, 2021.
Masonite is a leading global provider of interior and exterior doors, serving approximately 7,600 customers in 60 countries.
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