Masonite Intl Corp - DOOR STOCK NEWS

Masonite International Corporation (NYSE: DOOR) reported robust financial results for Q4 2020 and the full year. Net sales rose 16% year-over-year in Q4 to $619 million, with net income increasing from $2 million to $27 million. For the full year, net sales grew 4% to $2.26 billion, and net income soared to $69 million from $45 million. Diluted earnings per share for Q4 rose to $1.08, while adjusted EBITDA increased to $81 million. Looking ahead, Masonite expects 2021 net sales growth between 7% to 10%, driven by increased average unit prices and recovery in residential markets.

Masonite International Corporation (NYSE: DOOR) announced that CFO Russ Tiejema will present at the J.P. Morgan Global High Yield and Leveraged Finance Conference on March 2, 2021. The presentation will be available online at masonite.com in the Events and Presentations section.

Masonite is a global leader in the design, manufacturing, and distribution of interior and exterior doors, serving around 8,500 customers in 60 countries since 1925, providing innovative products and superior service.

Masonite International Corporation (NYSE: DOOR) revealed trends influencing home design for 2021 and beyond, identified through research with Stylus. Key themes include a focus on environmental sustainability, the need for adaptable spaces, the creation of home sanctuaries, and intuitive design. The report highlights the importance of locally sourced materials, multi-functional furniture, and calming aesthetics in home environments. With changing homeowner needs, Masonite aims to innovate its product offerings to enhance living experiences.

Masonite International Corporation (NYSE: DOOR) will release its Q4 and full year 2020 financial results on February 24, 2021, post-market. A conference call is scheduled for February 25, 2021, at 9:00 a.m. EST to discuss these results. Interested parties can access a live web audio of the call on Masonite's website or through telephone. A playback option will also be available after the call until March 11, 2021. Masonite is a global leader in designing and manufacturing doors for various construction sectors, serving around 8,500 customers across 60 countries.

Masonite International Corporation (NYSE: DOOR) will host its 2021 Investor Day on March 24, 2021, starting at 9:00 a.m. Eastern Time. The virtual event will cover the company's strategy and long-term growth framework, concluding around 12:00 p.m. Eastern Time.

Participants can access the webcast at https://investor.masonite.com. A replay will be available post-event. Masonite, a leader in door manufacturing since 1925, serves approximately 8,500 customers in 60 countries.

Masonite International Corporation (NYSE: DOOR) has appointed John H. Chuang to its board of directors to fill a vacancy, effective immediately. Chuang, co-founder and CEO of Aquent, brings extensive experience in change management and employee development. He has been recognized for his entrepreneurial skills and has previously served in leadership roles at various organizations. His appointment is expected to contribute positively to Masonite's governance and strategic direction.

Masonite International Corporation (NYSE: DOOR) has announced that Vice President and Treasurer Joanne Freiberger will present at the BofA Securities 2020 Leveraged Finance Virtual Conference on December 1, 2020. Investors can access a live webcast of the presentation via the Investor Relations section of Masonite's website, with a replay available for two weeks. Established in 1925, Masonite designs, manufactures, and distributes interior and exterior doors globally, serving around 8,500 customers across 60 countries.

Masonite International Corporation (NYSE: DOOR) has appointed Jay Steinfeld to its Board of Directors effective immediately. Jay, founder and former CEO of Global Custom Commerce, significantly expanded his company, leading it to become the top online window covering retailer, which was acquired by The Home Depot in 2014. He has experience in online retail and entrepreneurship, and holds a BBA in Accounting. Chairman Robert J. Byrne expressed confidence in Jay's extensive knowledge of the building products industry and looks forward to his contributions.

Masonite International Corporation (NYSE: DOOR) reported Q3 2020 results with net sales rising 6% to $588 million compared to $552 million in Q3 2019. However, the company posted a net loss of $22 million, down from a profit of $15 million, largely due to $52 million in goodwill impairment and $38 million related to a class action settlement. Adjusted EBITDA increased to $109 million from $76 million, while diluted adjusted earnings per share rose to $2.16 from $1.08. Year-to-date sales decreased slightly to $1.639 billion, attributed to COVID-19's impact, despite a 7% increase in average unit price.