MasterBrand Reports Third Quarter 2024 Financial Results
MasterBrand, Inc. (MBC)
Company Research
Source: Business Wire
Net sales increased 6.0% year-over-year to $718.1 millionNet income was $29.1 million compared to $59.7 million in the prior year, with net income margin of 4.1% and 8.8%, respectivelyAdjusted EBITDA margin1 decreased 160 basis points year-over-year to 14.6%Diluted earnings per share was $0.22 compared to $0.46 in the prior year quarter; adjusted diluted earnings per share1 was $0.40 compared to $0.49 in the prior year quarterOperating cash flow for the thirty-nine weeks ended September 29, 2024 was $176.9 million with free cash flow1 of $142.3 millionReiterates 2024 financial outlook BEACHWOOD, Ohio--(BUSINESS WIRE)--MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced third quarter 2024 financial results.“We are pleased to announce that our third quarter financial performance was in-line with our expectations, as we continued to navigate choppiness in our end markets,” said Dave Banyard, Pre
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News
- MasterBrand to Present at Baird’s Global Industrial ConferenceBusiness Wire
- MasterBrand, Inc. (NYSE: MBC) had its price target raised by analysts at Loop Capital from $20.00 to $23.00. They now have a "buy" rating on the stock.MarketBeat
- MasterBrand to Announce Third Quarter 2024 Results on November 5Business Wire
MBC
Sec Filings
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 11/1/24 - Form 4
- MBC's page on the SEC website