SAN DIEGO, Feb. 26, 2026 /PRNewswire/ --Â Robbins LLP reminds stockholders that a class action was filed on behalf of all sellers of Masonite International Corporation (NYSE: DOOR) (k/n/a Owens Corning's Doors) common stock between June 5, 2023 and February 8, 2024. Â Masonite is a leading global designer, manufacturer, marketer, and distributor of interior and exterior doors and door solutions for the residential and non-residential building construction markets' new construction and repair, renovation and ...

Group 1 - A class action lawsuit has been filed against Masonite International Corporation on behalf of investors who sold Masonite common stock during the period from June 5, 2023, through February 8, 2024 [1][2]. - The lawsuit alleges that Masonite failed to disclose multiple formal acquisition offers from Owens Corning at significant premiums while the company was repurchasing its own shares [3]. - Upon Masonite's acquisition by Owens Corning, investors learned that shares had been repurchased at artificially depressed prices, leading to damages for investors during the Class Period [4]. Group 2 - Investors who sold Masonite securities during the Class Period have until April 7, 2026, to seek appointment as lead plaintiff representatives [2]. - Masonite is headquartered in Tampa, Florida, and is a global designer and producer of interior and exterior doors for both residential and non-residential building industries [2].

Core Viewpoint - A class action has been filed against Masonite International Corporation (NYSE: DOOR) for allegedly misleading investors regarding its acquisition by Owens Corning's Doors, particularly concerning undisclosed offers and share repurchases [1] Group 1: Allegations and Misconduct - The class action arises from claims that Masonite made material omissions and misrepresentations about Owens Corning's offers to purchase all outstanding common stock at significant premiums [1] - Masonite repurchased nearly 270,000 shares for approximately $25 million between June 2023 and December 2023, while failing to disclose Owens Corning's offers for about eight months [1] - During the class period, Masonite made misleading statements about its share buyback activities, claiming they were meant to distribute capital back to investors without disclosing the higher offers from Owens Corning [1] Group 2: Stock Price Impact - Following the announcement of the arrangement agreement on February 9, 2024, Masonite's stock price surged to $130.51, reflecting a 35.1% increase from the previous trading day's close [1] Group 3: Legal Proceedings - Shareholders wishing to serve as lead plaintiffs in the class action must submit their papers by April 7, 2026, and participation is not required to be eligible for recovery [1] - Robbins LLP, the firm leading the class action, operates on a contingency fee basis, meaning shareholders incur no fees or expenses [1]

Core Viewpoint - The Masonite International Corporation is facing a class action lawsuit for allegedly failing to disclose acquisition offers from Owens Corning while repurchasing its own stock, potentially misleading investors during the Class Period from June 5, 2023, to February 8, 2024 [1][3]. Company Overview - Masonite International Corporation is a leading global designer, manufacturer, marketer, and distributor of interior and exterior doors and door solutions for both residential and non-residential building construction markets, including new construction and renovation sectors [2]. Legal Allegations - The lawsuit claims that Masonite repurchased its stock while knowing that it had received multiple formal acquisition offers from Owens Corning at prices significantly above the market value, which constituted a failure to disclose critical information to investors [3]. Class Action Details - Investors who sold Masonite common stock during the Class Period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to represent the interests of all class members [5]. - The lead plaintiff will have the authority to select a law firm to litigate the case and does not need to be the lead plaintiff to share in any potential recovery [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone, marking its fourth 1 ranking in the past five years [6].

Core Insights - JELD-WEN Holding, Inc. has appointed Jeffrey Embt as the new chief accounting officer, effective immediately [1][2] - Embt has over 20 years of experience in accounting and financial management, previously serving as CFO for Proterra LLC and holding roles at BWX Technologies and Deloitte & Touche LLP [2] - The company emphasizes Embt's expertise in financial reporting and operational efficiency as crucial for improving its financial position and stakeholder value [2] Company Overview - JELD-WEN Holding, Inc. is a global leader in designing, manufacturing, and distributing high-performance building products, including doors and windows [3] - The company operates in 14 countries across North America and Europe, employing approximately 16,000 associates [3] - JELD-WEN's brand portfolio includes JELD-WEN worldwide, LaCantina, VPI™ in North America, and Swedoor and DANA in Europe [3]

Core Insights - JELD-WEN's third-quarter results for 2025 fell short of expectations due to ongoing market challenges and price-cost pressures, prompting the company to initiate workforce reductions and a strategic review of its European segment [2][3][10] Financial Performance - Net revenues for Q3 2025 were $809.5 million, a decrease of 13.4% from $934.7 million in Q3 2024, primarily due to a 10% decline in Core Revenues and a 5% decrease from the divestiture of Towanda, partially offset by a 2% favorable foreign exchange impact [3][11] - The net loss from continuing operations was $367.6 million, compared to a loss of $73.0 million in the same quarter last year, resulting in a net loss per share of $4.30 versus $0.86 [4][5][11] - Adjusted EBITDA from continuing operations was $44.4 million, down from $81.6 million in Q3 2024, with an Adjusted EBITDA Margin of 5.5%, a decrease of 320 basis points [6][11] Segment Performance - North America reported net revenues of $546.1 million, a decline of 19.4%, driven by a 13% decrease in Core Revenues and a 7% decrease from the divestiture of Towanda [12] - Europe saw net revenues increase by 2.6% to $263.3 million, primarily due to a favorable foreign exchange impact, despite a 4% decrease in Core Revenues [12] Cash Flow and Capital Expenditures - Net cash used in operating activities was $37.7 million for the nine months ended September 27, 2025, compared to cash provided of $78.0 million in the same period last year, largely due to a decrease in earnings [7][8] - Capital expenditures decreased by $14.1 million to $103.9 million for the nine months ended September 27, 2025 [8] Workforce and Strategic Actions - The company plans to reduce its North American and Corporate workforce by approximately 850 positions, representing about 11% of the teams, to improve operational efficiency [9] - A strategic review of the European segment has been initiated to enhance long-term positioning [9] Updated Guidance - JELD-WEN has lowered its 2025 revenue guidance to between $3.1 billion and $3.2 billion, reflecting a year-over-year decline in Core Revenues of approximately 10% to 13% [10]

Core Insights - JELD-WEN Holding, Inc. has appointed Rachael B. Elliott as executive vice president for North America, effective October 20, 2025 [1] - Elliott brings over two decades of leadership experience in manufacturing, eCommerce, and supply chain management, previously holding senior roles at Ashley Furniture and other notable companies [2][3] - CEO William J. Christensen expressed confidence that Elliott's experience will be crucial for accelerating key initiatives and positioning JELD-WEN for future success [3] Company Overview - JELD-WEN is a leading global designer, manufacturer, and distributor of high-performance building products, including doors and windows, serving both new construction and remodeling sectors [4] - The company is based in Charlotte, North Carolina, operates in 14 countries across North America and Europe, and employs approximately 16,000 associates [4] - JELD-WEN's brand portfolio includes JELD-WEN worldwide, LaCantina, VPI in North America, and Swedoor and DANA in Europe [4]

Core Insights - JELD-WEN reported a net revenue of $823.7 million for Q2 2025, a decrease of 16.5% compared to $986.0 million in Q2 2024, primarily due to a 13% decline in Core Revenues and a 5% decrease from the divestiture of Towanda [4][11] - The company experienced a net loss from continuing operations of $22.3 million, or $0.26 per share, compared to a net loss of $18.5 million, or $0.22 per share, in the same quarter last year [5][6][11] - Adjusted EBITDA from continuing operations was $39.0 million, down 54.0% from $84.8 million in Q2 2024, with an Adjusted EBITDA Margin of 4.7%, a decrease of 390 basis points [7][11] Financial Performance - For the six months ended June 28, 2025, net revenues totaled $1.6 billion, a decline of 17.8% from $1.9 billion in the same period last year [35] - The company reported a net loss of $211.7 million for the six months ended June 28, 2025, compared to a net loss of $46.2 million in the same period last year [38] - Free Cash Flow used in the six months ended June 28, 2025, was ($125.1) million, compared to ($33.8) million in the same period last year [9] Segment Performance - In North America, net revenue was $555.7 million, a decline of 21.8%, driven by a 15% decrease in Core Revenues and a 7% decrease from the divestiture of Towanda [12] - In Europe, net revenue was $268.1 million, a decline of 2.7%, with Core Revenues decreasing by 8% but partially offset by a 5% favorable foreign exchange impact [12] Guidance and Outlook - The company reinstated its full-year 2025 revenue guidance of $3.2 to $3.4 billion, reflecting a year-over-year decline in Core Revenues of approximately 4% to 9% compared to 2024 [14][15] - Adjusted EBITDA is expected to be in the range of $170 to $200 million, indicating continued pressure from competitive pricing and volume environment [14][15]

Core Insights - JELD-WEN Holding, Inc. reported a net revenue of $776.0 million for Q1 2025, a decrease of 19.1% compared to $959.1 million in the same period last year, primarily due to the divestiture of the Towanda facility and a 15% decline in Core Revenue driven by weak macroeconomic conditions [4][9]. - The company experienced a net loss of $179.8 million in Q1 2025, significantly higher than the net loss of $27.7 million in Q1 2024, largely due to a $125 million non-cash goodwill impairment charge and lower volume/mix [5][9]. - Adjusted EBITDA for the quarter was $21.9 million, down 68.1% from $68.7 million in the same quarter last year, with an Adjusted EBITDA Margin of 2.8%, a decrease of 440 basis points year-over-year [7][9]. Financial Performance - The net loss per share for Q1 2025 was $2.12, compared to a loss of $0.32 per share in Q1 2024, reflecting the significant increase in net loss [6][9]. - Adjusted Net Loss for the first quarter was $14.2 million, a decrease of $32.6 million compared to Adjusted Net Income of $18.4 million in the same period last year [5][38]. - The company reported a cash flow from operating activities of $(83.5) million, an increase in cash used compared to $(11.0) million in the same period last year [11][45]. Segment Performance - In North America, net revenue was $530.6 million, a decline of 22.0%, with a net loss of $150.9 million, reflecting a significant year-over-year decrease [8][9]. - European operations reported net revenue of $245.4 million, down 12.1%, with a net loss of $3.5 million, primarily due to unfavorable volume/mix driven by market softness [10][9]. Cash Flow and Capital Expenditures - Capital expenditures in Q1 2025 increased to $42.0 million from $34.7 million in Q1 2024, while Free Cash Flow used was $(125.4) million, compared to $(45.7) million in the prior year [12][45]. - The company’s total debt stood at $1,182.2 million as of March 29, 2025, with a Net Debt of $1,049.7 million, resulting in a Net Debt Leverage of 4.6x [46].