Content about Masonite International Corp.

November 5, 2014

Masonite International Corporation reported strong results in the third quarter of fiscal 2014, results the company attributed to meaningful progress in price and volumes.

August 7, 2014

Masonite International Corporation announced steady sales growth of 8.2% and a net profit for the second quarter of 2014, putting the company back in the black after it suffered a loss in the same quarter last year.

Net sales increased by $37.1 million to a total of $490.2 million for the three months ended June 29. Masonite largely attributed the growth to a 5.5% increase in average unit price and a 3.4% increase in unit volumes.

Net income came in at $5.6 million, up from 2013's loss of $1.2 million.

June 30, 2014

For homeowners interested in sustainable building products, Masonite International Corporation is promoting several interior door options as part of the Safe ‘N Sound collection.

May 12, 2014

Masonite International Corporation posted disappointing results in the first quarter of 2014, with a deeper cumulative loss and a sluggish sales pace that was, like for so many others, attributed to the harsh winter weather.

Net sales decreased 0.5% to $422.5 million for the three months ended March 30, which was partially explained by a 4.5% drop in unit volumes counterbalanced by a 5.7% increase in average unit price.

Meanwhile, net loss increased to $16.6 million from 2013's loss of $5.8 million.

January 14, 2014

Masonite International Corporation has appointed Jody L. Bilney to its board of directors, effective immediately. She will also join the board's Corporate Governance and Nominating Committee, replacing Peter Dachowski, who will continue serving on the Human Resources and Compensation Committee.

November 4, 2013

Masonite International Corporation has hired Mike Nelson as VP and business leader of Masonite Architectural Door Systems, as well as Tony Hair as VP and business leader, Residential Door Business.

In his newly created role, Nelson will oversee financial performance, strategic planning, customer support, sales, marketing, branding and product strategy for the segment, which was developed after a series of strategic acquisitions boosted Masonite's commercial and architectural doors portfolio.

September 6, 2013

Following its registration statement filing last month, Masonite International Corporation is set to commence trading on the New York Stock Exchange under the stock ticker symbol "DOOR."

"We are excited about this important step in Masonite’s evolution and remain focused on executing against a balanced set of business strategies to drive sustainable top and bottom line growth,” added Fred Lynch, president and CEO.

August 20, 2013

Masonite International Corporation has filed to become a U.S. reporting company on the New York Stock Exchange, with plans to withdraw its previous Form S-1 registration statement after a proposed $150 million initial public offering in February.

Additionally, the company applied for the listing of its common shares under the "DOOR" ticker symbol.

July 10, 2013

Masonite International Corporation has announced its acquisition of Masisa S.A.'s door manufacturing operations.

Specifically, Masonite has purchased Masisa's door component operations in Cabrero, Chile and its door assembly factory in Chillan, Chile, both of which primarily deal in stile, rail panel and French wood doors for the North American market.

June 26, 2013

Masonite International Corp., manufacturer of interior and exterior doors, recently opened a 200,000-sq.-ft. door manufacturing facility in Denmark, S.C. 

Located in Bamberg County, the Masonite manufacturing facility will help it improve product quality and safety while distributing its interior residential door products to the southeast market faster, according to the company.