Topic: How To Invest

Q: Pat, can I get your recommendation on Masonite International? Thanks.

Article Excerpt

A: Masonite International Corp., $90.42, symbol DOOR on New York (Shares outstanding: 22.2 million; Market cap: $2.0 billion;, is a maker of interior and exterior doors for new construction as well as renovation and remodelling. Since 1925, the company has grown to more than 7,000 customers worldwide. In 2021, it sold 32 million doors. In January 2023, Masonite completed the acquisition of North Carolina-based Endura Products for $375 million. Founded in 1954, Endura employs about 800 people at four facilities located in North Carolina, Texas and Oregon. Endura products are sold to distributors throughout the U.S. and Canada as well as directly to customers online. The business has annual sales of about $270 million. Endura makes high-performance door frames and door system components for the premium segment of the door industry. Masonite’s purchase of the firm is the latest step in its Doors That Do More strategy, with Endura bringing more than 100 patents on door system components. Masonite’s revenue rose steadily in…