Analysts on Wall Street project that Masonite (DOOR) will announce quarterly earnings of $1.36 per share in its forthcoming report, representing a decline of 20.9% year over year. Revenues are projected to reach $659.87 million, declining 2.4% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Be ...

Volatile market conditions create winners and losers, and Owens Corning's (OC 0.70%) latest move will put it in one of those two camps. Does it make sense to take on debt to buy a company in a declining market? That's the question facing Owens Corning investors as they digest the agreement to acquire residential door company Masonite International (DOOR -0.39%). I think the answer is "yes," and it's based on the company's history of cash generation.Introducing Owens CorningYou don't have to buy technology s ...

Masonite (DOOR) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 19. ...

Owens Corning (OC -8.33%) has agreed to acquire door marker Masonite International (DOOR 34.69%) for a substantial premium to where Masonite has been trading. Investors are celebrating their good fortune, with shares of Masonite up 35% as of 12:30 p.m. ET on Friday.A new platform for growthOwens Corning is a maker of a range of building and construction materials, including roofing, insulation, and composites. In Masonite, a maker of interior and exterior doors, Owens Corning sees an opportunity to expand i ...

Key TakeawaysOwens Corning is buying door maker Masonite International for $3.9 billion to expand its product lines and brands.Owens Corning will pay $133 per share for Masonite, about a 38% premium to Masonite's closing price yesterday.Owens Corning CEO Brian Chambers said the deal will accelerate the company's long-term enterprise growth strategy.Shares of Masonite International (DOOR) surged to an all-time high after the door maker struck a deal to be bought out by building and construction materials man ...

Shares of Masonite International Corp. DOOR, +1.42% rocketed 34% toward its best day in 15 years in premarket trading Friday, after the doors maker agreed to be acquired by construction materials company Owens Corning OC, +0.58% in a cash deal valued at $3.9 billion. Owens Corning’s stock tacked on 0.3% in the premarket. Under terms of the deal, Owens Corning will pay $133 for each Masonite share outstanding, which represents a 37.7% premium to Thursday’s closing price of $96.61 and is above the record clo ...

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 they have entered into a definitive agreement under which Owens Corning will acquire all outstanding shares of Masonite for $133.00 per share in cash, representing an approximate 38% premium to Masonite’s closing share price on ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q ____________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 1, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-11796 ____________________________ Masonite International Corporati ...

Joseph Ahlersmeyer And you think about these products and you see some pictures and I encourage you to go to their website fleetwoodusa.com. This trend macro trend, indoor outdoor living, lights, security, et cetera these are premium luxury products that really supports that innovation. Two, it addresses a large patio door market that we play in today. Remember when we talked at Investor Day, we participated in the hinged patio door market. We don't play in the vinyl sliding market, which we feel is much mo ...

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