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Masonite International Corp - DOOR STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Masonite International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Masonite International's position in the market.

News
Masonite Shareholders Approve Transaction with Owens Corning
Rhea-AI Summary
Masonite International (NYSE: DOOR) shareholders have approved the company's transaction with Owens Corning. The shareholders will receive $133.00 per share in cash. The transaction is expected to be completed in mid-2024, pending regulatory approvals and other closing conditions. Approximately 99% of the votes cast at the Special Meeting were in favor of the transaction.
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Masonite Announces Sale of Architectural Business Segment
Rhea-AI Summary
Masonite International (NYSE: DOOR) has announced the sale of its Architectural segment to IBP Solutions, Inc., a subsidiary of Industrial Opportunity Partners. The transaction is scheduled to close in the second quarter of 2024, subject to customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
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Owens Corning Commences Tender Offer and Masonite Commences Consent Solicitation
Rhea-AI Summary
Owens Corning and Masonite International have announced a Tender Offer and Consent Solicitation in connection with Owens Corning's anticipated acquisition of Masonite. The offer involves the purchase of outstanding 5.375% Senior Notes due 2028 issued by Masonite. The Total Consideration for the notes is $1,003.75 per $1,000 Principal Amount, with an Early Participation Payment of $30.00. The Tender Offer and Consent Solicitation are subject to specific conditions and deadlines, with Holders eligible to receive the Total Consideration if they tender their notes by certain dates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
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none
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Masonite Announces Date of First Quarter 2024 Earnings Release
Rhea-AI Summary
Masonite International (DOOR) to release first quarter 2024 financial results. Pending transaction with Owens Corning affects live conference call. Transaction expected to close mid-2024 pending approvals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.02%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
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Masonite International Corporation Reports 2023 Fourth Quarter and Full Year Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
earnings
News
Owens Corning Announces $3.9 Billion Acquisition of Masonite to Strengthen Position in Building and Construction Materials
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
35.09%
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acquisition
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Masonite Announces Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
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earnings
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Masonite Confirms Termination of Agreement to Acquire PGT Innovations
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.71%
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acquisition
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Masonite Reiterates the Compelling Value of its Agreement to Acquire PGT Innovations
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.37%
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acquisition
Stock DOOR logo
Masonite International Corp

NYSE:DOOR

DOOR Rankings

#1574 Ranked by Market Cap
#1353 Ranked by Stock Gains
N/A Ranked by Dividends

DOOR Stock Data

2.88B
21.51M
1.28%
99.4%
3.19%
Wood Window and Door Manufacturing
Manufacturing
Link
United States
Tampa

About DOOR

our vision is to be the best provider of building products in the eyes of our customers, employees, shareholders, suppliers and communities. at masonite, we understand that people are key. we are a composite of diverse people who come together by showing support and respect to one another. we hire people that demonstrate integrity under pressure. integrity is at the foundation of everything we do. it is in each door we make, in our commitment delivery and in our honest and sincere communication. our employees are flexible, versatile and resilient. our ability to weather any storm, to bend without breaking, is what allows us to hear the knock and open the door with confidence, no matter what’s on the other side. at masonite, we hold the door open for each other and for new ideas. we want everyone to freely contribute ideas and add value, so we are positive and encouraging. this collaborative environment is what makes masonite a transparent, fair company- one that doesn’t hide behind clo