News & Events
Press Releases
05.08.08Masonite International Inc. Schedules First Quarter 2008 Earnings Release and Conference Call for May 15, 2008
MISSISSAUGA, ON, May 8, 2008 - Masonite International Inc. will release earnings for the First Quarter of 2008 at 7:30 a.m. Eastern Daylight Time Thursday morning May 15, 2008. Copies of the release, along with related financial statements, will be available simultaneously within the “News & Events” section of the Company’s website at www.masonite.com.
On Thursday, May 15, 2008, at 9:00 a.m. Eastern Daylight Time, the Company will host a conference call to discuss the earnings results and business trends.
03.17.08Masonite International Inc. Announces Acquisition of Minority Interest in Foreign Subsidiary
MISSISSAUGA, ON, March 17, 2008 – On Friday March 14, 2008, Masonite International Corporation acquired the remaining 25% of the shares outstanding in Kronospan Door Holdings Ltd., the parent of Masonite Czech and Masonite Poland. "Completing the acquisition of the remaining 25% of our businesses in Poland and the Czech Republic solidifies our strong position in these two attractive, growing markets", said Fred Lynch, President and Chief Executive Officer of Masonite International.
03.11.08Masonite International Inc. Announces Fourth Quarter and Year End 2007 Results
MISSISSAUGA, ON, March 11, 2008 – Masonite International Inc. today announced fourth quarter 2007 sales of $486.8 million, a decline of 16.8% compared to sales of $585.0 million in the fourth quarter of 2006. Operating EBITDA decreased 42.9% to $39.4 million from $69.0 million in the fourth quarter of 2006. Adjusted EBITDA, calculated pursuant to the Company’s credit agreement, declined 24.0% to $57.6 million in the fourth quarter of 2007, compared to $75.8 million in the prior year period. As described in the attached reconciliation, fourth quarter 2007 Adjusted EBITDA includes $18.2 million of net adjustments, while Adjusted EBITDA in the fourth quarter of 2006 includes $6.8 million of such adjustments.
03.05.08Masonite International Inc. Schedules Fourth Quarter 2007 Earnings Release and Conference call for March 11, 2008 - **Correction to Dial in Number**
MISSISSAUGA, ON, March 5, 2008 - Masonite International Inc. will release earnings for the Fourth Quarter of 2007 at 7:30 a.m. Eastern Daylight Time Tuesday morning March 11, 2008. Copies of the release, along with related financial statements, will be available simultaneously within the "News & Events" section of the Company's website at www.masonite.com.
On Tuesday, March 11, 2008, at 10:00 a.m. Eastern Daylight Time, the Company will host a conference call to discuss the earnings results and business trends.
02.13.08Masonite Expands Mahogany Door Offering to Meet Growing Demand
TAMPA, FL., February 13, 2008 – As American's migrate from conventional cathedral grained wood species such as Red Oak to finer grained species such as Cherry, Maple and Mahogany for upscale kitchen cabinetry and hardwood flooring, so too has their demand for Mahogany doors.
“Although oak still makes up the majority of our sales, we have seen dramatic increases in our Mahogany doors which compliment premium flooring and cabinetry, whereas oak will contrast many of these warm, fine grains”, says Doug Thompson, Masonite’s Senior Director of Product Management, Exterior Doors. “The natural beauty of these hardwoods can transform an average living space, into a stunning home. Nothing is more important when creating a stunning home than the first impression that occurs at the front door.”
Masonite, a leader in design and innovation for over 80 years, is proud to offer four new Mahogany designs that will leave a lasting impression on both you and your guests, while not requiring all of the maintenance typically associated with a wood door.
02.13.08Masonite Unveils New Green Interior Doors
TAMPA, FL., February, 13, 2008 – In response to a grassroots movement in the building products industry Masonite, the world leader in manufacturing of Interior and Exterior doors, announced today that at the 2008 International Builder Show it will again expand on its founders 84 year old vision of environmental stewardship by launching two new interior doors, the Safe 'N Sound and the Safe 'N Sound Emerald.
02.13.08Masonite to Launch Flagstaff™ a New Pairing of Interior and Exterior Doors for Design Continuity
TAMPA, FL., February, 13, 2008 – Masonite announced today that it will unveil the new Flagstaff™ at the International Builders' Show in February 2008. Building on the company's already diverse product lines, the Flagstaff is the culmination of customer input, trend research and creative design to create a door family that clearly and elegantly links the interior and exterior door. This progressive design of the Flagstaff doors is a pleasing blend between the appearance of historically accurate wood door construction and trend-setting aesthetics.
02.13.08Masonite's AvantGuard™ Finish Makes Owning an Exotic Wood Door More Affordable and Easier to Maintain while being Environmentally Friendly
TAMPA, FL., February 13, 2008 – If you have been wishing you could upgrade your home to incorporate the natural beauty of wood, but didn't want the hassle of constant maintenance or the price tag of an exotic species, Masonite's AvantGuard™ finish is your solution. It is the groundbreaking finishing technique developed by Masonite that fuses the natural appearance of real wood to composite materials, creating a door utopia.
02.06.08Masonite Launches the www.Masonite.com
TAMPA, FL., FEBRUARY 6, 2008 – After several months of research, development and testing, Masonite is pleased to announce the launch of the new www.masonite.com. The new site includes a fresh, clean look, extensive product content and incredible functionality to help consumers and trade professionals choose from the best door products in the industry. The site also includes great new educational sections for those who want to better understand the door category or get technical information about Masonite's products.
11.08.07Masonite International Inc. Announces Third Quarter 2007 Results
MISSISSAUGA, ON, November 8, 2007 – Masonite International Inc. today announced third quarter 2007 net sales of $529.3 million, a decline of 15.0% compared to net sales of $622.4 million in the third quarter of 2006. Operating EBITDA decreased 22.6% to $70.8 million from $91.5 million in the third quarter of 2006. Adjusted EBITDA, calculated pursuant to the Company's credit agreement, declined 14.2% to $80.1 million in the third quarter of 2007, compared to $93.4 million in the prior year period. As described in the attached reconciliation, third quarter 2007 Adjusted EBITDA includes $9.3 million of net adjustments, while Adjusted EBITDA in the third quarter of 2006 includes $1.9 million of such adjustments.
11.02.07Masonite International Inc. Schedules Third Quarter 2007 Earnings Release and Conference call for November 8, 2007
MISSISSAUGA, ON, November 2, 2007 - Masonite International Inc. will release earnings for the Third Quarter of 2007 at 7:30 a.m. Eastern Standard Time Thursday morning November 8,2007. Copies of the release, along with related financial statements, will be available simultaneously within the "Corporate Information" section of the Company's website at www.masonite.com.
On Thursday, November 8, 2007, at 11:00 a.m. Eastern Standard Time, the Company will host a conference call to discuss the earnings results and business trends.
10.29.07Anthony DiLucente Appointed Chief Financial Officer of Masonite International; Fred Arnold Concludes Assignment at Masonite
October 29, 2007 - Effective November 1st, Anthony DiLucente will join Masonite as Chief Financial Officer of Masonite International reporting to Fred Lynch, President and CEO.
Tony joins Masonite with 28 years of experience, most recently as the Vice President of Finance for Johns Manville's Engineered Products Group. Prior to this role, Tony spent 10 years at Honeywell International (formerly Allied Signal) in a variety of positions eventually becoming Vice President and Chief Financial Officer of the Honeywell Nylon Group.
8.09.07Masonite International Inc. Announces Second Quarter 2007 Results
MISSISSAUGA, ON, August 9, 2007 – Masonite International Inc. today announced second quarter 2007 net sales of $588.9 million, a decline of 10.4% compared to net sales of $657.5 million in the second quarter of 2006. Operating EBITDA increased 11.0% to $88.6 million from $79.9 million in the second quarter of 2006. Adjusted EBITDA, calculated pursuant to the Company’s credit agreement, declined 3.3% to $91.9 million in the second quarter of 2007, compared to $95.0 million in the prior year period. As described in the attached reconciliation, second quarter 2007 Adjusted EBITDA includes $3.3 million of net adjustments, while Adjusted EBITDA in the second quarter of 2006 includes $15.1 million of such adjustments, including a $9.0 million non-cash inventory write down that reduced Operating EBITDA.
8.07.07Masonite International Inc. Schedules Second Quarter 2007 Earnings Release and Conference Call for August 9, 2007
MISSISSAUGA, ON, August 7, 2007 - Masonite International Inc. will release earnings for the Second Quarter of 2007 at 7:30 a.m. Eastern Daylight Time Thursday morning August 9, 2007. Copies of the release, along with related financial statements, will be available simultaneously within the "Corporate Information" section of the Company's website at www.masonite.com.
On Thursday, August 9, 2007, at 11:00 a.m. Eastern Daylight Time, the Company will host a conference call to discuss the earnings results and business trends.
5.30.07Frederick J. Lynch Appointed Chief Executive Officer of Masonite International
MISSISSAUGA, ON, May 30, 2007 – Masonite International Inc. announced today that Frederick J. Lynch, 43, the company's President since July 2006, will assume the additional title of Chief Executive Officer, effective immediately. Kenneth W. Freeman will continue as Chairman of Masonite, a leading global manufacturer of residential and commercial doors.
5.23.07Masonite International Inc. Announces First Quarter 2007 Results
MISSISSAUGA, ON, May 23, 2007 – Masonite International Inc. today announced first quarter 2007 net sales of $569.4 million, a decline of 5.0% compared to net sales of $599.6 million in the first quarter of 2006. Operating EBITDA increased 18.5% to $73.5 million from $62.0 million in the first quarter of 2006. Adjusted EBITDA, calculated pursuant to the Company's credit agreement, increased 13.8% to $77.4 million in the first quarter of 2007, compared to $68.3 million in the prior year period. First quarter 2007 Adjusted EBITDA includes $3.9 million of net adjustments, while Adjusted EBITDA in the first quarter of 2006 includes $6.3 million of such adjustments, as described in the attached reconciliation.
5.18.07Masonite International Inc. Schedules First Quarter 2007 Earnings Release and Conference Call for May 23, 2007
MISSISSAUGA, ON, May 18, 2007 - Masonite International Inc. will release earnings for the first quarter 2007 at 7:00 a.m. Eastern Daylight Time Wednesday morning May 23, 2007. The release, along with related financial statements, will be available simultaneously within the “Corporate Information” section of the Company's website at www.masonite.com.
On Wednesday May 23, 2007, at 10:00 a.m. Eastern Daylight Time, the Company will host a conference call to discuss the earnings results and business trends.
3.12.07Masonite International Inc. Announces Fourth Quarter 2006 Results
TAMPA, FL, March 12, 2007 – Masonite International Inc. today announced fourth quarter 2006 net sales of $585.0 million, a decline of 1.7% compared to net sales of $595.2 million in the fourth quarter of 2005. Operating EBITDA increased 39.1% to $69.0 million from $49.6 million in the fourth quarter of 2005. Consolidated Adjusted EBITDA, calculated pursuant to the Company's Credit Agreement, increased 9.1% to $75.8 million in the fourth quarter of 2006, compared to $69.5 million in the prior year period. Fourth quarter 2006 Adjusted EBITDA includes $6.8 million of net adjustments, while Adjusted EBITDA in the fourth quarter of 2005 includes $19.9 million of such adjustments, as described in the attached reconciliation.
3.07.07Masonite International Inc. Schedules Fourth Quarter and Full Year 2006 Earnings Release and Conference Call for March 12, 2007
TAMPA, FL, March 7, 2007 - Masonite International Inc. will release earnings for the fourth quarter and full year ending December 31, 2006 at 7am Eastern Time Monday morning March 12, 2007. Copies of the release, along with related financial statements, will be available simultaneously within the “Corporate Information” section of the Company's website at www.masonite.com.
On Monday March 12, 2007, at 10:00am Eastern Time, the Company will host a conference call to discuss the earnings results and business trends.