Comparing the current results to its competitors, Masonite International reported Revenue decrease in the 1 quarter 2024 year on year by -8 %, faster than the overall decrease of Masonite International's competitors by -2.05 %, recorded in the same quarter.
Masonite International Corporation Net Income in the 1 quarter 2024 grew year on year by 55.62%, while most of its competitors have experienced a contraction in net income by -5.44 %.
Masonite International's Comment on Competition and Industry Peers
The door manufacturing industry features multiple global and local competitors. In the North American residential interior door segment, Masonite and JELD-WEN are the primary vertically integrated manufacturers of molded door facings. Smaller companies such as Steves and Sons Inc. and Lynden Door, Inc. source door facings from third-party suppliers. The North American residential exterior door market includes Masonite, JELD-WEN, Plastpro, Therma-Tru, Feather River, and Steves and Sons Inc. as key participants. In the non-residential building construction door sector in North America, Masonite and VT Industries are the main competitors, alongside various regional manufacturers. In the United Kingdom, the main competitors are Premdor (a subsidiary), JELD-WEN, Vicaima, and Distinction Doors. Competition in the industry is based on factors such as product quality, design, brand awareness, serviceability, distribution capabilities, and value. Large home centers and retailers, including The Home Depot, also influence the competitive landscape through product line evaluations.
February 27, 2024
Masonite Introduces Game-Changing Exterior Door System for Enhanced Home SecurityTAMPA, Fla. - In a bid to revolutionize home security, Masonite International Corporation (NYSE: DOOR) has unveiled its latest offering, the Masonite Performance Door System with M-Protect Multipoint Security Lock. This innovative exterior door system promises homeowners top-notch protection, boasting four times more impact resistance than standard deadbolt locks, as confirmed by certified third-party testing. With Masonite M-Protect, homeowners can rest assured that their homes are safeguarded against potential intruders.Masonite M-Protect has surpassed the highest level of industry tests for security, stated Chris Ball, Presid...
Publicly Traded Peers of Masonite International Corporation
Allegion Plc Share Performance
+20.76%
This Quarter
Allegion Plc
Profile
Allegion Plc is a global security products and solutions company that operates through two segments: Americas and International. The company designs, manufactures, and sells a wide range of security solutions, including locks, door closers, access control systems, and security doors, primarily catering to commercial and institutional customers for ensuring safety and security. Allegion's business model focuses on delivering innovative and advanced security products to various markets worldwide, meeting the evolving needs of its customers and contributing to their overall security infrastructure.
Beam Therapeutics Inc's business model revolves around developing precision genetic medicines using base editing technology. They aim to address genetic diseases by making precise edits to a patient's DNA at the molecular level, providing potential treatments that are highly targeted and minimally invasive.
Home Depot Inc.s business model revolves around retailing a comprehensive array of home improvement and construction products for DIY customers and professional contractors. It operates large warehouse-style stores with extensive product selections, prioritizes customer service and knowledgeable staff, and offers competitive pricing along with convenient online and in-store purchasing options.
Jeld-Wen Holding Inc. operates as a global manufacturer of doors and windows, serving both residential and commercial markets. Their business model revolves around designing, producing, and distributing a wide range of interior and exterior doors, windows, and related products. Jeld-Wen aims to provide innovative and high-quality solutions to their customers' construction and remodeling needs while maintaining a strong presence in the global building materials industry.
Quanex Building Products Corporation Share Performance
+26.13%
One Year
Quanex Building Products Corporation
Profile
Quanex Building Products Corporation operates as a manufacturer of components and systems primarily for the building products industry. Their business model revolves around producing and selling engineered materials, including window and door components, which are used in residential and commercial construction.
Sources:
Masonite International Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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