MASONITE INTERNATIONAL CORP

DOOR

Market cap $2.92B

TAMPA, Fla.--(BUSINESS WIRE)--Masonite Architectural announces its rebranding as Forte™ Opening Solutions, marking a significant milestone in the company's evolution. Forte stands for strength and expertise, aligning perfectly with the organization-wide commitment to delivering tailored solutions, expert guidance, and a seamless customer experience. Forte supplies built-to-order wood doors and components and quick ship services to a wide range of customers in commercial and institutional settin.

TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--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 propose.

TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--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 res.

Masonite (DOOR) came out with quarterly earnings of $1.29 per share, missing the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.88 per share a year ago.

TAMPA, Fla.--(BUSINESS WIRE)--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   (9%) % of net sales 14.5%.

TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--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.

TOLEDO, Ohio--(BUSINESS WIRE)--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.

TOLEDO, Ohio & TAMPA, Fla.--(BUSINESS WIRE)--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 dead.

TAMPA, Fla.--(BUSINESS WIRE)--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.

TAMPA, Fla.--(BUSINESS WIRE)--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 adv.