Masonite’s sales up 0.5% in Q4
Masonite’s progress during the fourth fiscal quarter was largely stagnant, with sales improving 0.5% and net loss increasing by approximately $100,000.
Net sales for the quarter totaled at $420.5 million, with its net loss weighing in at $7.6 million.
For the full fiscal year, sales increased 3.3% to $1.7 billion. The company’s bottom line also enjoyed a boost, with net loss decreasing by $12.2 million to $11.0 million.
"2013 was an important year for Masonite as two successful U.S. residential wholesale price increases allowed North American average unit price to turn positive for the first time in several years,” said Fred Lynch, president and CEO. “Even more importantly, we recently implemented additional price increases across all North American residential distribution points as we strive to achieve appropriate value for the high quality products and services we provide."
National Gypsum promotes Mixson
National Gypsum promoted John Mixson to the position of VP sales and marketing. He succeeds Craig Weisbruch, who retires as senior VP of sales and marketing after 39 years.
“John Mixson and I have worked closely together over the past 15 years and whenever given an assignment, he has distinguished himself and addressed strategic challenges to the benefit of our customers and our company,” said National Gypsum Chairman, President and CEO Tom Nelson. “Throughout his distinguished career, Craig Weisbruch has been a highly effective leader who has made National Gypsum a better company by building a world-class sales and customer service organization and establishing outstanding relationships with our customers.”
Mixson began his career with National Gypsum in 1999 as director of strategic planning. In 2004, he assumed the role of southeast area sales manager and in 2008, accepted the leadership role for the company’s marketing and advertising functions. As director of marketing, Mixson led several strategic initiatives related to branding, field sales training, product development and sustainability and was instrumental in guiding National Gypsum’s new Purple branding campaign. He spent the last year as VP of sales, overseeing dealer sales and national accounts.
Gerald Volas joins the board at Trex
Trex Company has appointed Gerald Volas to its board of directors, effective March 1, 2014.
“Jerry’s extensive experience in all aspects of the home improvement sector and his in-depth understanding of leadership brands make him an excellent addition to our board," said Trex chairman, president and CEO Ronald Kaplan. "We look forward to his contributions as we work to further expand Trex’s industry-leading distribution presence, our best-in-class product platform and our branding presence.”
Volas is currently a group executive of Masco Corp., where he oversees a number of Masco operating companies. Having been in the role since 2005, he has served as group executive for nearly all of its 21 operating companies at one point or another. He has been with the company since 1982.
Volas is also a certified public accountant.