TAMPA, Fla.--(BUSINESS WIRE)--
Masonite International Corporation (NYSE: DOOR) today announced that a
fire broke out yesterday at a non-Masonite facility adjacent to one of
the Company’s plants in Stockton, CA and spread to Masonite’s facility.
There were no reported injuries to Masonite employees.
The Masonite Stockton cut-stock facility was severely impacted and,
after assessing the damage today and communicating with affected
employees, it is not expected to be restarted. For employees at the
Stockton cut-stock facility, the Company is providing additional support
to ease the disruption occurring from this incident and help find new
employment opportunities.
The Company operates two other cut-stock facilities, including a new
automated facility in Verdi, NV and intends to increase production at
those plants to mitigate the impact from the fire.
Based on the current plans, customer impact, if any, is anticipated to
be minimal. The company will continue to evaluate the impact on its
operations as additional information becomes available.
About Masonite
Masonite International Corporation is a leading global designer and
manufacturer of interior and exterior doors for the residential new
construction; the residential repair, renovation and remodeling; and the
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 9,000
customers in 64 countries. Additional information about Masonite can be
found at
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. 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,” “potential,” “continue,” “plan,” “project,”
“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, our ability to increase production at other cut-stock
facilities, market and business conditions; levels of residential new
construction; residential repair, renovation and remodeling; and
non-residential building construction activity; labor relations (i.e.,
disruptions, strikes or work stoppages), labor costs and availability of
labor; increases in the costs of raw materials or wages or any shortage
in supplies or labor; our ability to keep pace with technological
developments; cyber security threats and attacks; the actions taken by,
and the continued success of, certain key customers; our ability to
maintain relationships with certain customers; retention of key
management personnel; environmental and other government regulations;
and limitations on operating our business as a result of covenant
restrictions under our existing and future indebtedness, including our
senior notes and our ABL Facility.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190424006011/en/
Joanne Freiberger, CPA, CTP, IRC
VP, TREASURER
jfreiberger@masonite.com
o
// 813.739.1808
Farand Pawlak, CPA
DIR. INVESTOR RELATIONS
fpawlak@masonite.com
o
// 813.371.5839
Source: Masonite International Corporation