MASONITE INTERNATIONAL CORP
masonite.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2024 10-Q, filed May 7, 2024. Its latest SEC filing is a 15-12G from May 28, 2024.
10-Q for Q1 FY2024, filed May 7, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Sells interior and exterior doors and components to residential builders and remodelers, distributors and retailers, and commercial and institutional customers.
10-K for FY2023, filed Feb 29, 2024North American Residential. Our North American Residential segment focuses on delivering high-quality interior doors made from wood and…View ↗
Architectural. Our Architectural segment specializes in crafting precision wood interior doors for non-residential building applications.…View ↗
In addition to residential and non-residential doors, we also sell several crucial door components to the building materials industry.…View ↗
How Did They Make Money?
Customers place purchase orders for doors and components; Masonite delivers the goods under agreed shipping terms, and payment terms are short-term and vary by customer.
$2.9B
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10-K for FY2023, filed Mar 1, 2024
$2.9B ↗
Who Were Their Customers?
Residential builders and contractors buy directly or through wholesale distributors; consumers shop through retail home centers, while commercial and institutional buyers are served by specialized distributors.
10-K for FY2023, filed Feb 29, 2024
Did Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2022 and turned 3 cents into free cash flow.
10-K for FY2023, filed Mar 1, 2024
$326.5MView ↗
10-K for FY2023, filed Mar 1, 2024
$214.2MView ↗
10-K for FY2023, filed Mar 1, 2024
$74.9MView ↗
How Were They Changing?
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May 15, 2024
Owens Corning completed its acquisition of Masonite
Masonite became an indirect wholly owned subsidiary, sold its Architectural segment, delisted from the NYSE, and CEO Howard C. Heckes left.
Sources
8-K, filed May 15, 2024
As a result of the completion of the Arrangement, as of the Effective Time, a change in control of Masonite occurred, and Masonite became…View ↗
Grew. Revenue grew 33% in 4 years, from $2.2B in FY2019 to $2.9B in FY2022, about 7% a year.
Exterior product range
The latest report adds composite exterior doors and Fleetwood's aluminum-framed glass doors and windows; the older report described residential exterior doors primarily as steel or fiberglass.
10-K for FY2020, filed Feb 25, 2021 10-K for FY2023, filed Feb 29, 2024We sell an extensive range of interior and exterior doors in a wide array of designs, materials and sizes. Our interior doors are made with…View ↗
Who Did They Compete With?
Competes with JELD-WEN, Steves and Sons, Lynden Door, Plastpro, Therma-Tru, Feather River, VT Industries, Premdor, Vicaima, and Distinction Doors
10-K for FY2023, filed Feb 29, 2024The door manufacturing industry is highly competitive and includes a number of global and local participants. The primary participants in…View ↗
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