MasterBrand Reports Second Quarter 2024 Financial Results
MasterBrand, Inc. (MBC)
Company Research
Source: Business Wire
Net sales decreased 2.7% year-over-year to $676.5 millionNet income was $45.3 million compared to $51.2 million in the prior year, with net income margin of 6.7% and 7.4%, respectivelyAdjusted EBITDA margin1 increased 20 basis points year-over-year to 15.5%Diluted earnings per share was $0.35 compared to $0.39 in the prior year quarter; adjusted diluted earnings per share1 was $0.45 compared to $0.44 in the prior year quarterOperating cash flow for the twenty-six weeks ended June 30, 2024 was $96.1 million with free cash flow1 of $77.8 millionIncreases 2024 financial outlook following the closing of Supreme Cabinetry Brands acquisition BEACHWOOD, Ohio--(BUSINESS WIRE)--MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced second quarter 2024 financial results.“MasterBrand delivered another solid quarter of financial performance, with continued year-over-year adjusted EBITDA margin expansion and
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MBC
News
- MasterBrand Reschedules Second Quarter 2024 Earnings Conference Call to 5:30pm ET on August 6, 2024Business Wire
- MasterBrand Releases Annual Corporate Sustainability and Responsibility (CSR) ReportBusiness Wire
- GHK Capital Partners LP Completes the Sale of Supreme Cabinetry BrandsAccesswire
- MasterBrand Completes Acquisition of Supreme Cabinetry BrandsBusiness Wire
- MasterBrand to Announce Second Quarter 2024 Results on August 6Business Wire
MBC
Sec Filings
- 9/25/24 - Form 8-K/A
- 9/19/24 - Form 4
- 9/13/24 - Form 144
- MBC's page on the SEC website