Masonite will close its plant at 11200 69th St. N. in Largo. The Tampa-based door manufacturer told state officials 35 employees would lose their jobs, starting April 16. The company, which had increased sales and declining profits in 2018, said it is simplifying its network for door plants.
Masonite (NYSE: DOOR) had $2.17 billion in sales for 2018, up 7 percent from 2017. Net income for 2018 was $92.7 million, or $3.33 a share, down from $151.7 million, or $5.09 a share, in 2017. The Tampa door manufacturer is closing its Largo plant and said it plans more restructuring in 2019.
Female-owned small businesses in Tampa-St. Pete post first-year revenue of about $50,000, compared to more than $60,000 in first-year revenue at male-owned small businesses. The revenue gap is smaller here than in most similar metros, a study by the JPMorgan Chase Institute found.
US Federal Contractor Registration is moving to 9400 4th Street N., next to its current location. The company, which helps businesses win government contracts, also plan on nearly doubling its staff, from 43 to over 80 by the end of the year.
WellCare Health Plans said its WellCare of Florida subsidiary has surpassed 1 million members in Florida. Growth primarily is a result of WellCare expanding Medicaid services the state through Medicaid managed care and children’s medical services.
A staple of Sundial, Locale Market, was closed Thursday night and Friday due to "high priority" health department violations. FarmTable Cucina was also inspected Thursday, but met health department standards and remains open.
The $3.1 million appropriated for flight simulator training at MacDill Air Force Base could be impacted by President Trump’s emergency declaration, said Rep. Kathy Castor. The Tampa democrat said it’s part of the $3.6 billion Trump plans to use to build a wall on the southern border.
29th Street Capital bought Calais Park Lofts Apartments, a 261-unit multifamily community in St. Petersburg. The real estate investment firm did not disclose a purchase price. It’s 29th Street Capital’s first area acquisition.
(ISC)² launched its Professional Development Institute to address a global shortage of trained cybersecurity professionals. PDI offers a free portfolio of continuing professional education courses to members and associates of Clearwater-based (ISC)2.
Bloomin’ Brands reported $107.1 million in net income for 2018, a 5.7 percent gain over 2017. Revenue was $4.1 billion, down 2.3 percent from 2017, which had one extra week in the fiscal year. Bloomin’ in Tampa is the parent of Outback Steakhouse and other casual dining chains.
Publix Super Markets is No. 12 and BayCare Health System is No. 37 on Fortune’s new list of 100 Best Companies to Work For. Publix moved up from No. 47 a year ago, while BayCare moved up from No. 65. Hilton holds the top spot on the list.
Endurance Exploration Group sold some rare coins recovered from the SB Pulaski shipwreck. The purchase price was not disclosed, but Clearwater-based Endurance said it recouped costs and has working capital for the 2019 salvage season.
