Masonite International Corporation designs, manufactures, markets, and distributes interior and exterior doors for the new construction and repair, renovation, and remodeling sectors of the residential and non-residential building construction markets worldwide. It offers molded panel, flush, stile and rail, routed medium-density fiberboard (MDF), steel, and fiberglass residential doors, as well as architectural interior doors. The company also provides various door components, including interior door facings, agri-fiber and particleboard door cores, MDF and wood cut-stock components, critical door components, wood veneer door skins, and mineral and particleboard door cores. It offers its products under the Masonite, Premdor, Masonite Architectural, Marshfield-Algoma, USA Wood Door, Mohawk, Solidor, Residor, Nicedor, Door-Stop International, Harring Doors, National Hickman, Graham-Maiman, Louisiana Millwork, Baillargeon, and BWI to remodeling contractors, builders, homeowners, retailers, dealers, lumberyards, commercial and general contractors, and architects through wholesale, retail, and direct distribution channels. The company was founded in 1925 and is headquartered in Tampa, Florida.
IPO Year:
Exchange: NYSE
Website: masonite.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/19/2024 | $115.00 | Outperform | Oppenheimer |
| 12/19/2023 | $106.00 → $92.00 | Outperform → Neutral | Robert W. Baird |
| 12/18/2023 | $92.00 | Outperform → Neutral | Wedbush |
| 11/9/2023 | $130.00 → $93.00 | Overweight → Equal-Weight | Stephens |
| 5/10/2023 | $95.00 → $105.00 | Sector Perform | RBC Capital Mkts |
| 1/13/2023 | $91.00 → $89.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 8/18/2022 | $135.00 | Buy | Deutsche Bank |
| 2/23/2022 | $153.00 → $142.00 | Outperform | RBC Capital |
| 11/10/2021 | $144.00 → $154.00 | Outperform | RBC Capital |
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4 - MASONITE INTERNATIONAL CORP (0000893691) (Issuer)
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4 - MASONITE INTERNATIONAL CORP (0000893691) (Issuer)
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MultiPlan Corporation ("MultiPlan" or the "Company") (NYSE:MPLN), a leading value-added provider of data analytics and technology-enabled end-to-end cost management, as well as payment and revenue integrity solutions to the U.S. healthcare industry, announced today its CFO transition plan and named Doug Garis as EVP and CFO, effective August 5, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731993142/en/Doug Garis named EVP and CFO of MultiPlan (Photo: Business Wire) Jim Head, who has served as EVP and CFO of MultiPlan since November 2021, will transition to a Strategic Advisor role to the Company through the end of the
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced exchange offer (the "Exchange Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite, the requisite consents to adopt the proposed amendments described in the Statement (as defined below) (the "Proposed Amendments") to the indenture (the "Masonite Indenture") governing Masonite's 3.50% Senior Notes due 2030 (the "Existing Masonite Notes") have been received as of 5:00 p.m.,
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced tender offer (the "Tender Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite, they have extended the expiration time with respect to the Tender Offer and Consent Solicitation from 5:00 p.m., New York City time, on May 13, 2024 to 5:00 p.m., New York City time, on May 14, 2024 (as the same may be further extended, the "Expiration Time"), and that they have further extend
Masonite International Corporation ("Masonite" or the "Company") (NYSE:DOOR) today announced results for the three months ended March 31, 2024. ($ in millions, except per share amounts) 1Q24 1Q23 % Change Net sales $668 $726 (8%) Net income attributable to Masonite $61 $38 +59% % of net sales 9.1% 5.3% +380 bps Diluted earnings per share $2.74 $1.71 +60% Adjusted EPS* $1.29 $1.88 (31%) Adjusted EBITDA* $97 $106
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that Owens Corning has commenced an offer to exchange (the "Exchange Offer") any and all outstanding 3.50% Senior Notes due 2030 issued by Masonite (the "Existing Masonite Notes") for new notes to be issued by Owens Corning as set forth below (the "New Owens Corning Notes"), in connection with Owens Corning's anticipated acquisition of Masonite. In conjunction with the Exchange Offer, Masonite is soliciting consents (the "Consent Solicitation") to adopt cert
Owens Corning (NYSE:OC), a leader in global building and construction materials, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") in connection with the company's previously announced acquisition of Masonite International Corporation ("Masonite") (NYSE:DOOR). The expiration of the waiting period occurred at 11:59 p.m. on April 26, 2024. The expiration of the HSR Act waiting period satisfies a closing condition for the transaction. Masonite previously announced that its shareholders voted to approve the company's acquisition by Owens Corning at its Special Meeting of Shareholders. The transaction is antici
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced tender offer (the "Tender Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite, they have extended the early participation deadline with respect to the Tender Offer and Consent Solicitation from 5:00 p.m., New York City time, on April 26, 2024 to 5:00 p.m. New York City time, on May 13, 2024, which is the same time and date as the Expiration Time (as defined below) of the
Masonite International Corporation (NYSE:DOOR) ("Masonite") today announced that its shareholders have voted to approve the Company's proposed transaction with Owens Corning at its Special Meeting of Shareholders. As previously announced, under the terms of the transaction, Masonite shareholders will receive $133.00 per share in cash in connection with the closing of the transaction. Howard Heckes, President and Chief Executive Officer of Masonite, said, "We thank our shareholders for their overwhelming support of this transaction. Together with Owens Corning, we will be even better positioned to continue transforming the door industry through the execution of our proven Doors That Do Mor
Masonite International Corporation (NYSE:DOOR) today announced that it has entered into a definitive agreement for the sale of all assets associated with the company's Architectural segment to subsidiaries of IBP Solutions, Inc., a newly formed portfolio company of Industrial Opportunity Partners. The transaction is expected to close in the second quarter of 2024 and is subject to customary closing conditions. Houlihan Lokey, Inc. acted as Masonite's financial advisor on the transaction. ABOUT MASONITE Masonite International Corporation is a leading global designer, manufacturer, marketer and distributor of interior and exterior doors and door systems for the new construction and repa
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that Owens Corning has commenced an offer to purchase for cash (the "Tender Offer") any and all outstanding 5.375% Senior Notes due 2028 issued by Masonite (the "Masonite Notes") in connection with Owens Corning's anticipated acquisition of Masonite. In conjunction with the Tender Offer, Masonite is soliciting consents (the "Consent Solicitation") to adopt certain proposed amendments to the indenture governing the Masonite Notes (the "Masonite Indenture") to
Masonite International (NYSE:DOOR) reported quarterly earnings of $1.29 per share which missed the analyst consensus estimate of $2.03 by 36.45 percent. This is a 31.38 percent decrease over earnings of $1.88 per share from the same period last year. The company reported quarterly sales of $668.339 million which missed the analyst consensus estimate of $721.176 million by 7.33 percent. This is a 7.94 percent decrease over sales of $725.984 million the same period last year.
Owens Corning (NYSE:OC), a leader in global building and construction materials, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") in connection with the company's previously announced acquisition of Masonite International Corporation ("Masonite") (NYSE:DOOR). The expiration of the waiting period occurred at 11:59 p.m. on April 26, 2024.The expiration of the HSR Act waiting period satisfies a closing condition for the transaction. Masonite previously announced that its shareholders voted to approve the company's acquisition by Owens Corning at its Special Meeting of Shareholders.The transaction is anticipated t
-Bloomberg
On April 23, 2024 (the "Signing Date"), Masonite International Corporation, a British Columbia corporation ("Masonite" or the "Company"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") providing for the disposition (the "Disposition") of the Company's Architectural reporting segment (the "Architectural Business") for a total transaction value of approximately $75 million subject to customary post-closing adjustments. The Disposition is expected to be completed in the second quarter of 2024. As a result of entering into the Asset Purchase Agreement, Masonite concluded that on and as of the Signing Date that the assets and liabilities of the Architectural Business me
On April 23, 2024 (the "Signing Date"), Masonite International Corporation, a British Columbia corporation ("Masonite" or the "Company"), entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") providing for the disposition (the "Disposition") of the Company's Architectural reporting segment (the "Architectural Business") for a total transaction value of approximately $75 million subject to customary post-closing adjustments. The Disposition is expected to be completed in the second quarter of 2024.
Stifel analyst Stanley S. Elliott downgraded Masonite International Corporation (NYSE:DOOR) to Hold from Buy at an increased price target of $133 (from $119). The downgrade comes following the company’s fourth-quarter results reported this week. The company posted revenue of $660.58 million, missing the consensus of $662.25 million, and adjusted EPS of $1.29, coming below the consensus of $1.31. The analyst writes that Masonite’s North American business saw upside in 2023 but was offset by continued weakness in Europe and Architectural. Also, this month, Owens Corning Inc (NYSE:OC) agreed to acquire Masonite for $133.00 per share in cash, implying a transaction value of approxi
RBC Capital analyst Michael Dahl maintains Masonite International (NYSE:DOOR) with a Sector Perform and raises the price target from $87 to $133.
Stifel analyst Stanley Elliott downgrades Masonite International (NYSE:DOOR) from Buy to Hold.
Wedbush analyst Jay McCanless reiterates Masonite International (NYSE:DOOR) with a Neutral and maintains $133 price target.
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Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced exchange offer (the "Exchange Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite, the requisite consents to adopt the proposed amendments described in the Statement (as defined below) (the "Proposed Amendments") to the indenture (the "Masonite Indenture") governing Masonite's 3.50% Senior Notes due 2030 (the "Existing Masonite Notes") have been received as of 5:00 p.m.,
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced tender offer (the "Tender Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite, they have extended the expiration time with respect to the Tender Offer and Consent Solicitation from 5:00 p.m., New York City time, on May 13, 2024 to 5:00 p.m., New York City time, on May 14, 2024 (as the same may be further extended, the "Expiration Time"), and that they have further extend
Masonite International Corporation ("Masonite" or the "Company") (NYSE:DOOR) today announced results for the three months ended March 31, 2024. ($ in millions, except per share amounts) 1Q24 1Q23 % Change Net sales $668 $726 (8%) Net income attributable to Masonite $61 $38 +59% % of net sales 9.1% 5.3% +380 bps Diluted earnings per share $2.74 $1.71 +60% Adjusted EPS* $1.29 $1.88 (31%) Adjusted EBITDA* $97 $106
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that Owens Corning has commenced an offer to exchange (the "Exchange Offer") any and all outstanding 3.50% Senior Notes due 2030 issued by Masonite (the "Existing Masonite Notes") for new notes to be issued by Owens Corning as set forth below (the "New Owens Corning Notes"), in connection with Owens Corning's anticipated acquisition of Masonite. In conjunction with the Exchange Offer, Masonite is soliciting consents (the "Consent Solicitation") to adopt cert
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that, in connection with the previously announced tender offer (the "Tender Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite, they have extended the early participation deadline with respect to the Tender Offer and Consent Solicitation from 5:00 p.m., New York City time, on April 26, 2024 to 5:00 p.m. New York City time, on May 13, 2024, which is the same time and date as the Expiration Time (as defined below) of the
Masonite International Corporation (NYSE:DOOR) ("Masonite") today announced that its shareholders have voted to approve the Company's proposed transaction with Owens Corning at its Special Meeting of Shareholders. As previously announced, under the terms of the transaction, Masonite shareholders will receive $133.00 per share in cash in connection with the closing of the transaction. Howard Heckes, President and Chief Executive Officer of Masonite, said, "We thank our shareholders for their overwhelming support of this transaction. Together with Owens Corning, we will be even better positioned to continue transforming the door industry through the execution of our proven Doors That Do Mor
Owens Corning (NYSE:OC), a leader in global building and construction materials, and Masonite International Corporation ("Masonite") (NYSE:DOOR), a leading global provider of interior and exterior doors and door systems, today announced that Owens Corning has commenced an offer to purchase for cash (the "Tender Offer") any and all outstanding 5.375% Senior Notes due 2028 issued by Masonite (the "Masonite Notes") in connection with Owens Corning's anticipated acquisition of Masonite. In conjunction with the Tender Offer, Masonite is soliciting consents (the "Consent Solicitation") to adopt certain proposed amendments to the indenture governing the Masonite Notes (the "Masonite Indenture") to
Masonite International Corporation (NYSE:DOOR) today announced it will release first quarter 2024 financial results on Monday, May 6, 2024. Due to the pending transaction with Owens Corning previously announced on February 9, 2024, Masonite will not hold a live conference call to discuss its financial results. The transaction remains on track to close mid-2024, subject to Masonite shareholder approval, regulatory approvals, and other customary closing conditions. Additional information on the Company's results and the pending transaction are available at the SEC's website at http://www.sec.gov and in our Quarterly Report on Form 10-Q expected to be filed with the SEC by May 8, 2024. A
Expands Owens Corning's leadership position in branded residential products with a leading manufacturer of innovative interior and exterior doors and door systems Creates a scalable new growth platform within a $27 billion addressable market leveraging combined commercial, operational, and innovation capabilities Enhances Owens Corning's attractive financial profile by growing revenue and earnings to approximately $12.6 billion, with adjusted EBITDA of $2.9 billion on a pro forma basis1 including cost synergies of approximately $125 million generated through scale and operational savings Reinforces disciplined capital allocation strategy with net debt-to-EBITDA resulting from the
Masonite International Corporation (NYSE:DOOR) today announced it will release fourth quarter and full year 2023 financial results on Monday, February 19, 2024. Management will host a conference call to discuss the results at 9:00 a.m. (Eastern Time) on Tuesday, February 20, 2024. A webcast of the conference call will be available at investor.masonite.com. It is recommended that listeners log on at least 10 minutes prior to the start of the call. Telephone access to the call will be available at 877-407-8289 (in the U.S.) or by dialing 201-689-8341 (outside the U.S.). A telephone replay will be available approximately one hour following completion of the call through March 5, 2024.
Oppenheimer initiated coverage of Masonite International with a rating of Outperform and set a new price target of $115.00
Robert W. Baird downgraded Masonite International from Outperform to Neutral and set a new price target of $92.00 from $106.00 previously
Wedbush downgraded Masonite International from Outperform to Neutral and set a new price target of $92.00
Stephens downgraded Masonite International from Overweight to Equal-Weight and set a new price target of $93.00 from $130.00 previously
RBC Capital Mkts reiterated coverage of Masonite International with a rating of Sector Perform and set a new price target of $105.00 from $95.00 previously
RBC Capital Mkts downgraded Masonite International from Outperform to Sector Perform and set a new price target of $89.00 from $91.00 previously
Deutsche Bank initiated coverage of Masonite International with a rating of Buy and set a new price target of $135.00
RBC Capital reiterated coverage of Masonite International with a rating of Outperform and set a new price target of $142.00 from $153.00 previously
RBC Capital reiterated coverage of Masonite International with a rating of Outperform and set a new price target of $154.00 from $144.00 previously
Stifel resumed coverage of Masonite International with a rating of Buy and set a new price target of $148.00
MultiPlan Corporation ("MultiPlan" or the "Company") (NYSE:MPLN), a leading value-added provider of data analytics and technology-enabled end-to-end cost management, as well as payment and revenue integrity solutions to the U.S. healthcare industry, announced today its CFO transition plan and named Doug Garis as EVP and CFO, effective August 5, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731993142/en/Doug Garis named EVP and CFO of MultiPlan (Photo: Business Wire) Jim Head, who has served as EVP and CFO of MultiPlan since November 2021, will transition to a Strategic Advisor role to the Company through the end of the
Masonite International Corporation (NYSE:DOOR) today announced that Katie Shellabarger has been appointed as Vice President & Chief Accounting Officer effective May 11, 2023. "Katie has been an integral part of our finance and accounting leadership team since joining Masonite four years ago," said Russ Tiejema, Chief Financial Officer. "Her extensive audit and accounting experience across multiple industries, as well as her strong leadership and deep knowledge of the company, will be invaluable in this new role." Ms. Shellabarger has served as Vice President, Internal Audit at Masonite since April 2019. She previously held leadership roles at Deloitte, Protiviti, and most recently, CDK
ORANGE, Calif., Dec. 27, 2021 (GLOBE NEWSWIRE) -- Alignment Healthcare (NASDAQ:ALHC), a tech-enabled Medicare Advantage company, today announced the appointment of Jody Bilney and Yon Yoon Jorden to its Board of Directors, effective Jan. 1, 2022. "We are delighted to welcome Jody and Yon to the board. Both leaders bring exceptional experience in business transformation, strategy and finance as well as health care industry expertise that will help guide the company as it works to scale nationwide," said Joseph Konowiecki, chairman, Alignment Healthcare Board of Directors. Bilney is an accomplished executive with a track record of driving brand transformation and business strategy. From 20
Masonite International Corporation (NYSE:DOOR), a leading global designer, manufacturer, marketer and distributor of interior and exterior doors, today announced the appointments of Clare Doyle as Senior Vice President, Chief Sustainability Officer and Vicky Philemon as Senior Vice President, General Manager, Europe, both effective immediately. "I am extremely pleased to announce these two Masonite Leadership Team appointments," said Howard Heckes, President and CEO. "Clare has a valuable combination of general management experience with a technical background, and she is well-versed in Masonite and our businesses. We believe these factors are critical for our continued ESG progress. Addit
Masonite International Corporation (NYSE:DOOR) today announced that Barry A. Ruffalo has been appointed to the company's Board of Directors effective immediately. His appointment expands the Board from ten to eleven members. "Barry brings extensive experience in operational excellence and innovation," said Robert J. Byrne, chairman of the Board of Directors. "We welcome him to the Masonite Board of Directors and we look forward to benefiting from his insights and expertise." Mr. Ruffalo has served as President and CEO of Astec Industries, Inc., a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production, since August 2019. From 2015 to 2
Masonite International Corporation (NYSE:DOOR) today announced the appointment of Richard Leland as Vice President, Finance and Treasurer. In this role, Rich will have responsibility for all Treasury and Investor Relations activities, as well as the Corporate Business Planning & Analysis function. Rich comes to Masonite from Office Depot, where he led global treasury, investor relations, corporate development and risk management activities as Vice President of Finance and Corporate Treasurer. He also previously served as CFO for Office Depot Asia, based in Hong Kong. Prior to joining Office Depot, he held a number of finance leadership positions at Burger King Corporation, the Kellogg Comp