Overview
- IndustryMillwood, Veneer, Plywood, & Structural Wood Members1
- HeadquartersTampa, Florida1
- Incorporated inBritish Columbia, Canada2
- Business address1242 East 5Th Avenue, Tampa, Fl 336052
- Filer categoryLarge accelerated filer2
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The following list represents some, but not necessarily all, of the factors that could cause actual results to differ from historical results or those anticipated or predicted by these forward-looking statements:4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue76¢$2.2B
- Research and development1¢$27.8M
- Selling, general and admin15¢$411.6M
- Other costs2¢$67.2M
- Income tax1¢$40.9M
- Profit4¢$118.2M
Out of $2.8B in revenue.5
Where each dollar of operating cash went, fiscal 2023
- Capital spending28¢$112.7M
- Share buybacks11¢$46.6M
- Kept or used elsewhere61¢$248.5M
Out of $407.7M of cash from operations.5
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.0B6 | $2.2B7 | $2.2B8 | $2.3B9 | $2.6B5 | $2.8B5 | |
| Cost of revenue | $1.6B6 | $1.7B7 | $1.7B8 | $1.7B9 | $2.0B5 | $2.2B5 | |
| Gross profit | $407.0M6 | $435.3M7 | $477.7M8 | $572.5M9 | $611.8M5 | $665.7M5 | |
| Research and development | $7.5M6 | $7.3M7 | $7.2M8 | $17.0M9 | $18.4M5 | $27.8M5 | |
| Selling, general and admin | $247.9M6 | $266.2M7 | $310.6M8 | $366.8M9 | $308.4M5 | $411.6M5 | |
| Operating income | $158.0M6 | $162.2M7 | $129.3M8 | $143.9M9 | $219.3M5 | $210.9M5 | |
| Income before tax | $144.0M5 | $162.2M5 | |||||
| Income tax | -$27.6M6 | $23.8M7 | $17.3M8 | $28.6M9 | $44.8M5 | $40.9M5 | |
| Net income | $151.7M6 | $92.7M7 | $44.6M8 | $69.0M9 | $94.5M5 | $118.2M5 | |
| Earnings per share | $5.186 | $3.387 | $1.778 | $2.819 | $3.915 | $5.375 | |
| Earnings per share (diluted) | $5.096 | $3.337 | $1.758 | $2.779 | $3.855 | $5.295 | |
| Shares (weighted, basic) | 24.2M shares5 | 22.0M shares5 | |||||
| Shares (weighted, diluted) | 24.6M shares5 | 22.3M shares5 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash | $176.7M13 | $115.7M6 | $167.0M7 | $364.7M8 | $381.4M9 | $137.4M5 | |
| Receivables | $343.4M9 | $326.2M5 | |||||
| Inventory | $347.5M9 | $391.2M5 | |||||
| Current assets | $721.9M13 | $696.6M6 | $734.1M7 | $970.4M8 | $1.1B9 | $953.4M5 | |
| Property, plant and equipment | $626.8M9 | $748.0M5 | |||||
| Goodwill | $77.1M9 | $294.7M5 | |||||
| Intangible assets | $150.5M9 | $402.9M5 | |||||
| Total assets | $1.7B13 | $1.8B6 | $1.9B7 | $2.1B8 | $2.2B9 | $2.7B5 | |
| Accounts payable | $138.8M9 | $113.2M5 | |||||
| Short-term debt | $37.5M5 | ||||||
| Current liabilities | $222.1M13 | $245.3M6 | $267.7M7 | $386.0M8 | $384.6M9 | $394.6M5 | |
| Long-term debt | $1.1B5 | ||||||
| Total liabilities | $944.4M13 | $1.2B6 | $1.3B7 | $1.4B8 | $1.5B9 | $1.8B5 | |
| Retained earnings | $24.2M9 | $211.9M5 | |||||
| Shareholders’ equity | $722.6M13 | $610.4M6 | $624.9M7 | $685.0M8 | $688.2M9 | $848.3M5 | |
| Shares outstanding | 28.4M shares13 | 25.8M shares6 | 24.9M shares7 | 24.9M shares6 | 24.4M shares7 | 23.2M shares8 | 21.8M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $173.5M6 | $203.2M7 | $221.7M8 | $321.2M9 | $156.5M5 | $407.7M5 | |
| Depreciation and amortization | $92.0M5 | $124.1M5 | |||||
| Stock-based compensation | $16.0M5 | $23.6M5 | |||||
| Capital spending | $73.8M6 | $82.4M7 | $82.7M8 | $72.9M9 | $86.7M5 | $112.7M5 | |
| Free cash flow | $99.7M | $120.9M | $138.9M | $248.3M | $69.8M | $295.1M | |
| Cash from investing | -$76.1M5 | -$733.8M5 | |||||
| Share buybacks | $119.9M6 | $166.9M7 | $59.9M8 | $43.7M9 | $113.9M5 | $46.6M5 | |
| Cash from financing | -$63.7M5 | $166.3M5 |
Corporate structure
MASONITE INTERNATIONAL CORP sits at the top of its group. 5 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of MASONITE INTERNATIONAL CORP
- VANGUARD GROUP INC Filed SC 13G/A on MASONITE INTERNATIONAL CORP, latest Feb 13, 2024 (4 filings since Feb 10, 2022)
- Clearbridge Investments, LLC Filed SC 13G/A on MASONITE INTERNATIONAL CORP, latest Feb 9, 2024 (3 filings since Feb 9, 2022)
- FMR LLC Filed SC 13G/A on MASONITE INTERNATIONAL CORP, latest Feb 9, 2024 (2 filings since Feb 9, 2023)
- Praesidium Investment Management Company, LLC Filed SC 13D/A on MASONITE INTERNATIONAL CORP, latest Feb 3, 2023 (2 filings since Jan 5, 2022)
- MASONITE INTERNATIONAL CORP Tampa, Florida
- 0993477 B.C. Unlimited Liability Company Subsidiary · California, United States
- Luxembourg Subsidiary · Oklahoma, United States
- Masonite Ireland Subsidiary · Florida, United States
- VanAir Design, Inc. Subsidiary · Delaware, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What MASONITE INTERNATIONAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $748.0M5 Dec 31, 2023 | $652.3M5 Jan 1, 2023 | +14.7% |
| Finance-lease assets | $24.4M5 Dec 31, 2023 | $25.4M5 Jan 1, 2023 | −3.8% |
| Operating-lease assets (leased space) | $202.8M5 Dec 31, 2023 | $160.7M5 Jan 1, 2023 | +26.2% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Countries it operates in | 75 Dec 31, 2023 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $137.4M5 Dec 31, 2023 | $296.9M5 Jan 1, 2023 | −53.7% |
| Stakes in other companies (equity method) | $20.4M5 Dec 31, 2023 | $16.1M5 Jan 1, 2023 | +26.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $294.7M5 Dec 31, 2023 | $69.9M5 Jan 1, 2023 | +321.8% |
| Intangible assets, net (excluding goodwill) | $402.9M5 Dec 31, 2023 | $136.1M5 Jan 1, 2023 | +196.2% |
| Finite-lived intangibles, gross | $552.0M5 Dec 31, 2023 | $275.2M5 Jan 1, 2023 | +100.6% |
| Accumulated amortization | $252.7M5 Dec 31, 2023 | $215.0M5 Jan 1, 2023 | +17.6% |
| Finite-lived intangibles, net | $299.2M5 Dec 31, 2023 | $60.2M5 Jan 1, 2023 | +397.3% |
Inventory
Leadership
Who has led MASONITE INTERNATIONAL CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerHoward C. Heckes Jun 5, 2019 to May 17, 202414
- Chief executive officerFrederick J. Lynch Sep 6, 2013 to Mar 4, 201915
- PresidentHoward C. Heckes Jun 5, 2019 to May 17, 202414
- PresidentFrederick J. Lynch Sep 6, 2013 to Mar 4, 201915
- Chief financial officerRussell Thane Tiejema Feb 26, 2024 to May 17, 202416
- Chief financial officerMark J. Erceg Sep 6, 2013 to May 12, 201517
Board members and other officers (29)
- OfficerAlexander Albert Legall Mar 1, 2023 to May 17, 202418
- VP & Chief Accounting OfficerPatrick Daniel Brisley Mar 1, 2023 to Mar 1, 202319
- OfficerVictoria Louise Philemon Mar 1, 2023 to Mar 1, 202320
- VP & Chief Accounting OfficerCatherine Anne Shellabarger May 18, 2023 to May 17, 202421
- OfficerRobert Paxton Feb 28, 2018 to May 17, 202422
- OfficerRandal Alan White Sep 26, 2017 to May 17, 202423
- OfficerJames A. Hair Feb 29, 2016 to Sep 3, 202124
- OfficerElias Eduardo Barrios Jun 15, 2015 to Mar 1, 201725
- OfficerRussell Thane Tiejema Nov 2, 2015 to Mar 1, 202326
- OfficerChristopher A. Virostek Sep 6, 2013 to Feb 20, 201427
- Senior VP, Human ResourcesGail N. Auerbach Sep 6, 2013 to Mar 2, 201828
- OfficerGlenwood E. Coulter Jr. Sep 6, 2013 to May 12, 201529
- OfficerLawrence P. Repar Sep 6, 2013 to Mar 1, 201730
- Board memberJohn H. Chuang Jan 22, 2021 to May 14, 202131
- Board memberBarry Ruffalo Jul 28, 2021 to May 17, 202432
- Board memberJay Ira Steinfeld Nov 9, 2020 to May 17, 202433
- Board memberHoward C. Heckes Jun 5, 2019 to May 17, 202414
- Board memberDaphne E. Jones Feb 27, 2018 to May 17, 202434
- Board memberThomas W. Greene Jr. Feb 27, 2018 to May 15, 202035
- Board memberWilliam Seelye Oesterle Feb 27, 2018 to May 16, 202236
- Board memberJody L. Bilney Jan 13, 2014 to May 17, 202437
- Board memberFrancis M. Scricco Sep 6, 2013 to May 17, 202438
- Board memberFrederick J. Lynch Sep 6, 2013 to Mar 4, 201915
- Board memberGeorge A. Lorch Sep 6, 2013 to Nov 21, 201939
- Board memberJohn C. Wills Sep 6, 2013 to Nov 21, 201740
- Board memberJonathan F. Foster Sep 6, 2013 to May 17, 202441
- Board memberPeter R. Dachowski Sep 6, 2013 to May 17, 202442
- Board memberRobert J. Byrne Sep 6, 2013 to May 17, 202443
- Board memberRick J. Mills Oct 1, 2013 to May 15, 201744
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 0993477 B.C. Unlimited Liability Company California3
- Luxembourg Oklahoma3
- Masonite Ireland Florida3
- VanAir Design, Inc. Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- PREMDOR INCFeb 10, 1995 to May 30, 20022
Timeline
- May 15, 20248-K Entered a material agreement45
- May 15, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer46
- May 6, 20248-K Results of operations47
- Apr 29, 20248-K Entered a material agreement48
- Apr 25, 20248-K Shareholder vote; Other events49
- Apr 24, 20248-K Impairment; Regulation FD disclosure50
- Apr 16, 20248-K Other events51
- Apr 15, 20248-K Regulation FD disclosure52
- Feb 20, 20248-K Results of operations53
- Feb 9, 20248-K Entered a material agreement; Regulation FD disclosure54
- Jan 17, 20248-K Ended a material agreement; Regulation FD disclosure55
- Dec 18, 20238-K Regulation FD disclosure56
- Jun 5, 2019New chief executive Howard C. Heckes becomes CEO14
- Sep 6, 2013New chief executive Frederick J. Lynch becomes CEO15
Calendar
When it reported results
- May 6, 2024Reported quarterly or annual results47
- Feb 20, 2024Reported quarterly or annual results53
- Nov 7, 2023Reported quarterly or annual results57
- Aug 8, 2023Reported quarterly or annual results58
- May 8, 2023Reported quarterly or annual results59
- Feb 22, 2023Reported quarterly or annual results60
- Aug 8, 2022Reported quarterly or annual results61
- May 3, 2022Reported quarterly or annual results62
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
236 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 33 major events, 126 insider forms, 17 large holders, 48 other. The latest 20:
- May 28, 202415-12G EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 17, 20244 EDGAR
- May 16, 2024S-8 POS EDGAR
- May 16, 2024S-8 POS EDGAR
- May 16, 2024S-8 POS EDGAR
The 236 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
15 open-market trades by officers, directors and large owners since October 2021: 2 buys and 13 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 27, 2024 | Pelletier James C | Sale | 262 | $130.06 | $34.1K | Form 4 |
| Feb 27, 2024 | Ball Christopher OPresident, Global Residential | Sale | 396 | $130.06 | $51.5K | Form 4 |
| Feb 27, 2024 | Shellabarger Catherine AnneVP & Chief Accounting Officer | Sale | 83 | $130.06 | $10.8K | Form 4 |
| Feb 23, 2024 | Shellabarger Catherine AnneVP & Chief Accounting Officer | Sale | 87 | $130.03 | $11.3K | Form 4 |
| Feb 23, 2024 | Ball Christopher OPresident, Global Residential | Sale | 396 | $130.03 | $51.5K | Form 4 |
| Feb 22, 2024 | Paxton RobertSee Remarks | Sale | 721 | $129.95 | $93.7K | Form 4 |
| Feb 22, 2024 | Shellabarger Catherine AnneVP & Chief Accounting Officer | Sale | 179 | $129.95 | $23.3K | Form 4 |
| Nov 10, 2023 | Legall Alexander AlbertSee Remarks | Sale | 980 | $82.06 | $80.4K | Form 4 |
| Nov 10, 2023 | Steinfeld Jay IraDirector | Buy | 600 | $81.97 | $49.2K | Form 4 |
| Jun 2, 2023 | Shellabarger Catherine AnneVP & Chief Accounting Officer | Sale | 803 | $93.50 | $75.1K | Form 4 |
| May 11, 2023 | Legall Alexander AlbertSee Remarks | Sale | 1,700 | $92.01 | $156.4K | Form 4 |
| Mar 3, 2023 | Byrne Robert JDirector | Sale | 2,500 | $90.58 | $226.4K | Form 4 |
| Nov 11, 2022 | Dachowski Peter RDirector | Sale | 2,632 | $77.00 | $202.7K | Form 4 |
| Feb 24, 2022 | Steinfeld Jay IraDirector | Buy | 1,000 | $85.80 | $85.8K | Form 4 |
| Nov 12, 2021 | Lewis Robert EdgarSee Remarks | Sale | 8,600 | $116.19 | $999.2K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD GROUP INCSC 13G/A, 4 filings Feb 10, 2022 to Feb 13, 202463
- Clearbridge Investments, LLCSC 13G/A, 3 filings Feb 9, 2022 to Feb 9, 202464
- FMR LLCSC 13G/A, 2 filings Feb 9, 2023 to Feb 9, 202465
- Praesidium Investment Management Company, LLCSC 13D/A, 2 filings Jan 5, 2022 to Feb 3, 202366
SEC filer profile
How MASONITE INTERNATIONAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMASONITE INTERNATIONAL CORP1
- CIK0000893691
- Employer ID (EIN)98-03773141
- Filer statusLarge accelerated filer1
- Incorporated inBritish Columbia, Canada1
- Fiscal year endsDecember 291
- Industry code (SIC)2430 Millwood, Veneer, Plywood, & Structural Wood Members1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address1242 East 5Th Avenue, Tampa, FL 336051
- Phone813-877-27261
- Shares outstanding21,983,958 as of May 3, 202412
- Public float$2.2B as of Jul 2, 202367
- On EDGAR sinceFeb 10, 19951
- Filings1,003 in all: 4 (533), 8-K (117), SC 13G/A (54), 6-K (48), 3 (37), 10-Q (32), SC 13G (27), 425 (23)1
All 43 form types
DEFA14A (17), 4/A (14), 10-K (11), DEF 14A (10), SD (10), S-8 (6), S-8 POS (6), SC 13E3/A (6), SC 13D/A (5), 40-F (4), UPLOAD (4), 144 (3), 3/A (3), 8-K/A (3), ARS (3), S-1/A (3), 15-12G (2), CORRESP (2), DFAN14A (2), F-4/A (2), SC 13D (2), 10-12B (1), 10-K/A (1), 25 (1), 25-NSE (1), 424B3 (1), CERTNYS (1), DEFM14A (1), EFFECT (1), F-4 (1), PRE 14A (1), PREM14A (1), RW (1), S-1 (1), SC 13E3 (1)
- Latest filingsAnnual report (10-K) Feb 29, 2024
Quarterly report (10-Q) May 7, 2024
Proxy statement (DEF 14A) Mar 29, 2023
Latest 8-K (8-K) May 15, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARAlexander Albert Legall, Officer
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- 20SEC EDGARVictoria Louise Philemon, Officer
- 21
- 22SEC EDGARRobert Paxton, Officer
- 23SEC EDGARRandal Alan White, Officer
- 24SEC EDGARJames A. Hair, Officer
- 25SEC EDGARElias Eduardo Barrios, Officer
- 26SEC EDGARRussell Thane Tiejema, Officer
- 27SEC EDGARChristopher A. Virostek, Officer
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- 29SEC EDGARGlenwood E. Coulter Jr., Officer
- 30SEC EDGARLawrence P. Repar, Officer
- 31SEC EDGARJohn H. Chuang, Board member
- 32SEC EDGARBarry Ruffalo, Board member
- 33SEC EDGARJay Ira Steinfeld, Board member
- 34SEC EDGARDaphne E. Jones, Board member
- 35SEC EDGARThomas W. Greene Jr., Board member
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- 37SEC EDGARJody L. Bilney, Board member
- 38SEC EDGARFrancis M. Scricco, Board member
- 39SEC EDGARGeorge A. Lorch, Board member
- 40SEC EDGARJohn C. Wills, Board member
- 41SEC EDGARJonathan F. Foster, Board member
- 42SEC EDGARPeter R. Dachowski, Board member
- 43SEC EDGARRobert J. Byrne, Board member
- 44SEC EDGARRick J. Mills, Board member
- 45SEC EDGAREntered a material agreement
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- 47SEC EDGARResults of operations
- 48SEC EDGAREntered a material agreement
- 49SEC EDGARShareholder vote; Other events
- 50SEC EDGARImpairment; Regulation FD disclosure
- 51SEC EDGAROther events
- 52SEC EDGARRegulation FD disclosure
- 53SEC EDGARResults of operations
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- 56SEC EDGARRegulation FD disclosure
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