UPDATE: Masonite International (DOOR) PT Lowered to $140 at Wedbush

Go back to UPDATE: Masonite International (DOOR) PT Lowered to $140 at Wedbush

Masonite International Corporation Reports 2021 Fourth Quarter and Full Year Financial Results; Provides 2022 Outlook

February 21, 2022 4:15 PM EST

Achieved full year net sales of $2.6 billion, an increase of 15% year over year Delivered full year net income attributable to Masonite of $95 million, up 37% year over year, and Adjusted EBITDA* of $413 million, up 13% year over year Launched award winning M-Pwr Smart Doors as part of the Doors That Do More Strategy Announced $200 Million Additional Share Repurchase Program including planned $100 Million Accelerated Share Repurchase Provides 2022 financial outlook with continued strong sales and earnings growth

TAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation ("Masonite" or "the Company") (NYSE:... More

Masonite International Corporation Announces $200 Million Additional Share Repurchase Program Including Intended $100 Million Accelerated Share Repurchase

February 21, 2022 4:15 PM EST

 

TAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation (NYSE: DOOR) announced today that its Board of Directors has approved a new share repurchase program allowing the Company to repurchase up to an additional $200 million of its outstanding common shares. The new authorization, plus approximately $156 million currently available under its existing share repurchase authorization approved in August 2021, provides the Company with over $350 million available for future share repurchase activity.

As part of its ongoing commitment to drive shareholder value, the Company announced that its Board of Directors has... More