TAMPA, Fla.--(BUSINESS WIRE)--
Masonite International Corporation (NYSE: DOOR) today provided an update regarding the impact to its operations from Hurricane Irma. In addition to its corporate offices, Masonite operates its Digital Innovation Center and three manufacturing plants in Florida, as well as several plants in adjacent states that experienced severe weather conditions.
“On the heels of the storm, our top priority was ensuring that our employees and their families were safe,” stated Fred Lynch, President and Chief Executive Officer. “I’m pleased to report that our team is back at work assisting our customers with their post-storm needs. Our thoughts are with all those impacted by the storm and we remain committed to supporting our customers and the communities that are recovering.”
The Company confirmed that none of its facilities or inventories were damaged. While production was interrupted immediately before and after the storm, all of the company’s plants in Florida and the Southeast had power restored and resumed normal operations as of last Thursday.
Masonite will continue to monitor any storm-related impacts to its business. At this time, however, we do not believe there will be any material adverse financial impact to the company as a result of Hurricane Irma.
Masonite also announced that in support of relief efforts it will contribute $50,000 to Team Rubicon, a nonprofit organization that unites the skills of military veterans with first responders to rapidly deploy emergency response teams. “The outpouring of support from Masonite employees across the country is heartwarming, with many of our plants organizing collection drives for food, water and other essentials to send to hurricane stricken areas,” said Lynch. “We are proud to join them by also providing corporate financial support to critical recovery activities.”
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 serves more than 7,000 customers in 65 countries. 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 information relating to the impact of Hurricane Irma. 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 predictions discussed in the forward-looking statements include, but are not limited to, uncertainties and continued developments relating to the impact of Hurricane Irma, and our ability to successfully implement our business strategy and manage our operations in light thereof.
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