Masonite Highlights Strategic Growth Priorities and Financial Goals in 2023 Investor Day Event
19 Setembro 2023 - 9:30AM
Business Wire
Masonite International Corporation (NYSE: DOOR) will host a
virtual Investor Day today, September 19, 2023, starting at 9:00
a.m. (ET). The event will feature presentations by members of the
executive leadership team on the company’s operations, strategic
priorities, and long-term growth objectives, including 2027
financial goals.
“The theme of this year’s event is Invisible to Invaluable,”
said Howard Heckes, President and CEO of Masonite. “Consumers
consistently tell us that they expect doors to play an increasingly
important role throughout the home, and we are developing
innovative door solutions with the power to fundamentally improve
the homeowner experience.”
“We are transforming Masonite – and the entire industry – with
our Doors That Do MoreTM growth strategy, which has three pillars
focused on creating value through product leadership, strong
customer engagement and a superior service proposition,” continued
Heckes. “While each pillar drives improvements in our business, it
is the integrated nature of the strategy that we believe allows us
to excel at creating and capturing demand to outperform the market.
Our entire team is focused on unlocking this opportunity for
shareholders, as we drive towards our 2027 financial goals of
delivering over $1 billion in cumulative free cash flow and
expanding our Adjusted EBITDA margin to nearly 20%.”
A link to the live webcast is available on the Investor
Relations section of the Masonite website at investor.masonite.com.
A replay of the webcast and copies of the presentations will also
be made available on the Masonite website following the event.
ABOUT MASONITE
Masonite International Corporation is a leading global designer,
manufacturer, marketer and distributor of interior and exterior
doors, door system components and door systems for the new
construction and repair, renovation and remodeling sectors of the
residential and non-residential building construction markets.
Since 1925, Masonite has provided its customers with innovative
products and superior service at compelling values. Masonite
currently serves approximately 7,000 customers globally. Additional
information about Masonite can be found at www.masonite.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking information and
other forward-looking statements within the meaning of applicable
Canadian and/or U.S. securities laws, including our discussion of
our strategic and restructuring initiatives, statements relating to
our business and growth strategy and our 2027 financial goals. When
used in this press release, such forward-looking statements may be
identified by the use of such words as "may," "might," "could,"
"will," "would," "should," "expect," "believes," "outlook,"
"predict," "forecast," "objective," "remain," "anticipate,"
"estimate," "progressing," "potential," "continue," "plan,"
"project," "showing," "yielding," "targeting," or the negative of
these terms or other similar terminology.
Forward-looking statements involve significant known and unknown
risks, uncertainties and other factors that may cause the actual
results, performance or achievements of Masonite, or industry
results, to be materially different from any future plans, goals,
targets, objectives, results, performance or achievements expressed
or implied by such forward-looking statements. As a result, such
forward-looking statements should not be read as guarantees of
future performance or results, should not be unduly relied upon,
and will not necessarily be accurate indications of whether or not
such results will be achieved. Factors that could cause actual
results to differ materially from the results discussed in the
forward-looking statements include, but are not limited to, those
set forth in Masonite’s reports on Forms 10-K (including the “Risk
Factors” section thereof), 10-Q and 8-K filed with or furnished to
the Securities and Exchange Commission from time to time. Masonite
undertakes no obligation to publicly update or revise any
forward-looking statement as a result of new information, future
events or otherwise, except as otherwise required by law.
NON-GAAP FINANCIAL MEASURES AND RELATED INFORMATION
Quantitative reconciliations of free cash flow and Adjusted
EBITDA Margin to the corresponding GAAP information are not
provided for the 2027 goals because it is difficult to predict,
without unreasonable effort, the GAAP measures that are excluded
from (a) Adjusted EBITDA Margin such as restructuring costs, asset
impairments, share based compensation expense and gains/losses on
sales of subsidiaries and PP&E and (b) the cash and non-cash
components of Net Income including the impact of taxes, accruals,
and other changes in assets and liabilities that impact net cash
flow provided by operating activities, as well as the timing of
cash outlays related to additions of property plant and
equipment.
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version on businesswire.com: https://www.businesswire.com/news/home/20230919750072/en/
Investor Contacts: Richard Leland VP, FINANCE AND
TREASURER 813.739.1808 | rleland@masonite.com
Marcus Devlin DIRECTOR, INVESTOR RELATIONS 813.371.5839 |
mdevlin@masonite.com
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