Core Viewpoint - MasterBrand (NYSE: MBC) is positioned for growth through market share gains via new product launches tailored to customer needs under the "Align to Grow" initiative and cross-selling synergies from the Supreme Cabinetry acquisition [1] Group 1: Growth Prospects - The company is expected to benefit from market share gains through the introduction of new products [1] - Integration of the Supreme Cabinetry acquisition is anticipated to create cross-selling synergies [1] Group 2: Strategic Initiatives - The "Align to Grow" initiative focuses on launching products that meet customer needs [1]

Financial Performance - Net sales for the thirteen weeks ended September 29, 2024, were $718.1 million, an increase of $40.8 million or 6.0% compared to $677.3 million for the same period in 2023, primarily driven by the acquisition of Supreme, which contributed $60.8 million in incremental net sales [111]. - Net income for the thirteen weeks ended September 29, 2024, was $29.1 million, a decrease of $30.6 million or 51.3% compared to $59.7 million in the prior year [111]. - Net sales for the thirty-nine weeks ended September 29, 2024, were $2,032.7 million, a decrease of $16.4 million, or 0.8%, compared to $2,049.1 million for the same period in 2023 [126]. - Net income for the thirty-nine weeks ended September 29, 2024, was $111.9 million, a decrease of $34.0 million, or 23.3%, from $145.9 million in the previous year [124]. Costs and Expenses - Cost of products sold increased by $40.3 million or 9.2% to $480.1 million, representing 66.9% of net sales, compared to $439.8 million or 64.9% of net sales in the prior year [115]. - Selling, general and administrative expenses rose by $26.0 million or 18.5% to $166.3 million, accounting for 23.2% of net sales, compared to 20.7% in the previous year [116]. - Selling, general and administrative expenses increased by $33.5 million, or 8.0%, to $450.8 million, representing 22.2% of net sales, compared to 20.4% in the previous year [130]. - Cost of products sold decreased by $11.8 million, or 0.9%, to $1,359.0 million, representing 66.9% of net sales, compared to $1,370.8 million in the previous year [129]. Operating Income - Operating income decreased by $34.6 million or 37.5% to $57.6 million, down from $92.2 million in the same quarter last year [111]. - Operating income decreased by $47.1 million, or 19.2%, to $198.2 million compared to $245.3 million for the same period in 2023 [124]. Interest and Debt - Interest expense increased to $20.0 million from $15.3 million, primarily due to higher outstanding debt related to the funding of the Supreme acquisition [118]. - Interest expense rose to $54.7 million, an increase of $4.8 million, or 9.6%, compared to $49.9 million in the previous year [132]. - The company completed a refinancing transaction on June 27, 2024, raising $700.0 million in Senior Notes to fund the acquisition of Supreme and refinance existing debt [140]. - As of September 29, 2024, the company had $1,062.3 million in outstanding third-party borrowings, net of deferred financing fees [147]. Restructuring and Charges - Restructuring charges were $7.8 million, significantly higher than $1.4 million in the same quarter last year, reflecting costs associated with aligning workforce with forecasted demand [117]. - Restructuring charges increased to $11.0 million in the thirty-nine weeks ended September 29, 2024, compared to $4.1 million in the same period in 2023 [131]. Cash Flow - Net cash provided by operating activities was $176.9 million for the first three quarters of 2024, down from $336.5 million in the same period of 2023, reflecting unfavorable movements in accounts receivable and inventory [150]. - Net cash used in investing activities increased to $541.9 million in the first three quarters of 2024, primarily due to the acquisition of Supreme for $515.7 million [151]. - Net cash provided by financing activities was $331.3 million in the first three quarters of 2024, compared to a net cash used of $292.1 million in the same period of 2023 [152]. - The company reported a net decrease in cash, cash equivalents, and restricted cash of $39.3 million for the first three quarters of 2024 [150]. Acquisition and Integration - The acquisition of Supreme broadened the company's portfolio of premium cabinetry and was funded with cash on hand and proceeds from a revolving credit facility [109]. - The company completed the acquisition of Supreme on July 10, 2024, and is currently integrating its processes and internal controls [166]. Market Conditions - Overall end-market demand was softer in the repair and remodel markets, while single-family new construction showed strength compared to the previous year [112]. - Foreign currency impact was unfavorable by $0.4 million during the thirteen weeks ended September 29, 2024, compared to the same period in 2023 [114]. Compliance and Ratios - The company is required to maintain a minimum interest coverage ratio of 3.00 to 1.00 and a net leverage ratio not exceeding 3.50 to 1.00 for fiscal quarters ending on or prior to December 31, 2024 [146]. - The company was in compliance with all debt covenants under the 2024 Credit Agreement as of September 29, 2024 [146]. Taxation - Effective tax rate for the thirty-nine weeks ended September 29, 2024, was 24.6%, down from 25.4% in the prior year [135].

Company Overview - MasterBrand (NYSE: MBC) is a leading manufacturer of residential cabinetry in North America, offering a wide range of products for kitchens, bathrooms, and other areas of the home [1]. Financial Performance - MasterBrand has demonstrated stable revenue growth over the years, indicating a consistent demand for its products [1]. Investment Philosophy - The investment approach focuses on fundamental analysis, emphasizing companies with a strong competitive moat, consistent growth in free cash flow, and a robust financial performance track record [1].

All considered, I like MasterBrand and am happy to follow them over time - it's a simple, relatively easy-to-understand business levered to a growing, albeit cyclical, end-market. Fundamentally, while I don't contextualize there being much more room for growth outside of what the market grants given how mature the industry is, the market isn't pricing really any growth over time notwithstanding the market's history and what appears to be a stabilizing market. Furthermore, I do see MBC as better operators th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-41545 MasterBrand, Inc. Table of Contents (Exact name of registrant as specified in its charter) Delaware 88-3479920 (State or other jurisdiction of incorporation or organiz ...

[First Quarter 2024 Financial Results Overview](index=1&type=section&id=First%20Quarter%202024%20Financial%20Results%20Overview) [CEO Commentary](index=1&type=section&id=CEO%20Commentary) MasterBrand's CEO, Dave Banyard, reported a solid start to the year with continued year-over-year **adjusted EBITDA margin expansion** and **strong first-quarter free cash flow**, indicating progress across strategic initiatives: Align to Grow, Lead through Lean, and Tech Enabled - The company delivered a solid quarter with continued year-over-year **adjusted EBITDA margin expansion** and **strong first quarter free cash flow**[3](index=3&type=chunk) - Meaningful progress was made across strategic initiatives: Align to Grow, Lead through Lean, and Tech Enabled[3](index=3&type=chunk) [Q1 2024 Key Financial Highlights](index=1&type=section&id=Q1%202024%20Key%20Financial%20Highlights) MasterBrand reported a 5.7% net sales decrease in Q1 2024, offset by gross profit margin expansion and a 7.1% increase in net income | Metric | Q1 2024 (Millions USD) | Q1 2023 (Millions USD) | Change (%) | Basis Point Change | Source Chunk | | :----------------------- | :--------------------- | :--------------------- | :--------- | :----------------- | :----------- | | Net Sales | $638.1 | $676.7 | -5.7% | - | 4, 5 | | Gross Profit | $204.7 | $204.6 | Flat | - | 4 | | Gross Profit Margin | 32.1% | 30.2% | - | +190 bps | 4 | | Net Income | $37.5 | $35.0 | +7.1% | - | 5 | | Adjusted EBITDA | $79.4 | $81.5 | -2.6% | - | 5 | | Adjusted EBITDA Margin | 12.4% | 12.0% | - | +40 bps | 5 | | Diluted EPS | $0.29 | $0.27 | +7.4% | - | 5 | | Adjusted Diluted EPS | $0.29 | $0.28 | +3.6% | - | 5 | [Balance Sheet, Cash Flow and Share Repurchases](index=2&type=section&id=Balance%20Sheet%2C%20Cash%20Flow%20and%20Share%20Repurchases) MasterBrand maintained strong liquidity with $153.7 million cash, improved net debt to adjusted EBITDA to 1.5x, and generated positive operating and free cash flow | Metric | As of March 31, 2024 (Millions USD) | As of March 31, 2023 (Millions USD) | Source Chunk | | :-------------------------------- | :---------------------------------- | :---------------------------------- | :----------- | | Cash and cash equivalents | $153.7 | $116.3 | 6, 30 | | Revolving credit facility availability | $477.3 | - | 6 | | Net Debt | $554.3 | $823.3 | 6, 30 | | Net Debt to Adjusted EBITDA | 1.5x | 2.0x | 6, 30 | | Operating Cash Flow (13 weeks) | $18.7 | $62.1 | 6, 32 | | Free Cash Flow (13 weeks) | $11.7 | $59.2 | 6, 32 | - The company repurchased **approximately 104 thousand shares of common stock** during the thirteen weeks ended March 31, 2024[6](index=6&type=chunk) [2024 Financial Outlook](index=2&type=section&id=2024%20Financial%20Outlook) [CFO Commentary](index=2&type=section&id=CFO%20Commentary) CFO Andi Simon reiterated the full-year 2024 outlook, with Q1 performance meeting expectations and strategic initiatives supporting growth despite uncertainty - The company reiterates its **full year 2024 outlook**, with **Q1 financial and operational performance in line with expectations**[7](index=7&type=chunk) - Despite macroeconomic uncertainty, the initial view of **end market demand remains intact**, and **strategic initiatives will help achieve the outlook and invest for growth**[7](index=7&type=chunk) [Full Year 2024 Guidance](index=2&type=section&id=Full%20Year%202024%20Guidance) MasterBrand reiterated its full-year 2024 guidance, projecting flat to low single-digit net sales decline, adjusted EBITDA of $370-$400 million, and adjusted diluted EPS of $1.40-$1.60 | Metric | Full Year 2024 Guidance | Source Chunk | | :-------------------- | :---------------------- | :----------- | | Net Sales | Low single-digit decline to flat | 8 | | Adjusted EBITDA | $370 million to $400 million | 8 | | Adjusted EBITDA Margin | 14.0% to 14.5% | 8 | | Adjusted Diluted EPS | $1.40 to $1.60 | 8 | [Additional Company Information](index=3&type=section&id=Additional%20Company%20Information) [Conference Call Details](index=3&type=section&id=Conference%20Call%20Details) MasterBrand announced a live conference call and webcast on May 7, 2024, to discuss financial results and outlook, with replay options available - A live conference call and webcast were scheduled for May 7, 2024, at 4:30 p.m. ET to discuss financial results and business outlook[9](index=9&type=chunk) - A telephone replay will be available until May 21, 2024, and an archived webcast will be accessible on the company's website[10](index=10&type=chunk) [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Financial%20Measures) MasterBrand uses non-GAAP measures to clarify core operations and aid management, with forward-looking guidance reconciliation omitted due to forecasting difficulties - **Non-GAAP financial measures** such as **EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Diluted EPS, Free Cash Flow, Net Debt, and Net Debt to Adjusted EBITDA** are used to supplement GAAP information[12](index=12&type=chunk)[13](index=13&type=chunk) - These measures are intended to **enhance understanding of financial information, evaluate operating results, and assist in management decisions regarding resource allocation and performance assessment**[11](index=11&type=chunk)[12](index=12&type=chunk)[13](index=13&type=chunk) - **Reconciliation of fiscal 2024 adjusted EBITDA, adjusted EBITDA margin, and adjusted diluted EPS guidance is not provided** due to the **inherent difficulty of forecasting certain items**[7](index=7&type=chunk)[15](index=15&type=chunk) [About MasterBrand](index=5&type=section&id=About%20MasterBrand) MasterBrand, Inc. is North America's largest residential cabinet manufacturer, distributing diverse products through an extensive network of over 4,400 dealers and major retailers - MasterBrand, Inc. is the **largest manufacturer of residential cabinets in North America**[16](index=16&type=chunk) - The company offers a **comprehensive portfolio of residential cabinetry products** across stock, semi-custom, and premium categories[16](index=16&type=chunk) - Products are delivered through an **industry-leading distribution network of over 4,400 dealers, major retailers, and builders**[16](index=16&type=chunk) [Forward-Looking Statements](index=5&type=section&id=Forward-Looking%20Statements) This section disclaims forward-looking statements, which are subject to risks and uncertainties detailed in SEC filings, with no obligation for updates - Statements in the press release, other than purely historical information, are **forward-looking statements** and based on current management plans and expectations[17](index=17&type=chunk) - These statements are subject to **numerous factors, risks, and uncertainties**, including those listed under 'Risk Factors' in the company's Form 10-K, which could cause actual results to differ materially[17](index=17&type=chunk)[19](index=19&type=chunk) - The company undertakes **no obligation to update, amend, or clarify any forward-looking statements** after the date of the press release, except as required by federal securities laws[18](index=18&type=chunk) [Condensed Consolidated Financial Statements](index=7&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statements of Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) This section presents unaudited condensed consolidated statements of income for Q1 2024 and Q1 2023, detailing key revenue, expense, and net income figures | (U.S. Dollars presented in millions, except per share amounts) | 13 Weeks Ended March 31, 2024 | 13 Weeks Ended March 26, 2023 | | :----------------------------------------------------------- | :---------------------------- | :---------------------------- | | NET SALES | $638.1 | $676.7 | | Cost of products sold | 433.4 | 472.1 | | GROSS PROFIT | 204.7 | 204.6 | | Gross Profit Margin | 32.1 % | 30.2 % | | Selling, general and administrative expenses | 137.8 | 135.3 | | Amortization of intangible assets | 3.7 | 4.0 | | Restructuring charges (adjustments) | 0.4 | (0.4) | | OPERATING INCOME | 62.8 | 65.7 | | Interest expense | 14.1 | 17.4 | | Other (income) expense, net | (0.3) | 0.4 | | INCOME BEFORE TAXES | 49.0 | 47.9 | | Income tax expense | 11.5 | 12.9 | | NET INCOME | $37.5 | $35.0 | | Average Number of Shares of Common Stock Outstanding | | | | Basic | 127.0 | 128.2 | | Diluted | 130.5 | 129.5 | | Earnings Per Common Share | | | | Basic | $0.30 | $0.27 | | Diluted | $0.29 | $0.27 | [Supplemental Information](index=8&type=section&id=Supplemental%20Information) This section provides supplemental unaudited financial information, including GAAP to non-GAAP reconciliations, an EPS summary, profit margins, and adjustment explanations [Reconciliation of Net Income to EBITDA to Adjusted EBITDA](index=8&type=section&id=Reconciliation%20of%20Net%20Income%20to%20EBITDA%20to%20Adjusted%20EBITDA) | (U.S. Dollars presented in millions) | March 31, 2024 | March 26, 2023 | | :----------------------------------- | :------------- | :------------- | | Net income (GAAP) | $37.5 | $35.0 | | Interest expense | 14.1 | 17.4 | | Income tax expense | 11.5 | 12.9 | | Depreciation expense | 12.2 | 11.3 | | Amortization expense | 3.7 | 4.0 | | EBITDA (Non-GAAP Measure) | $79.0 | $80.6 | | [1] Separation costs | — | 1.6 | | [2] Restructuring charges (adjustments) | 0.4 | (0.4) | | [3] Restructuring-related adjustments | — | (0.3) | | Adjusted EBITDA (Non-GAAP Measure) | $79.4 | $81.5 | [Reconciliation of Net Income to Adjusted Net Income](index=8&type=section&id=Reconciliation%20of%20Net%20Income%20to%20Adjusted%20Net%20Income) | (U.S. Dollars presented in millions) | March 31, 2024 | March 26, 2023 | | :----------------------------------- | :------------- | :------------- | | Net Income (GAAP) | $37.5 | $35.0 | | [1] Separation costs | — | 1.6 | | [2] Restructuring charges (adjustments) | 0.4 | (0.4) | | [3] Restructuring-related adjustments | — | (0.3) | | [4] Income tax impact of adjustments | (0.1) | (0.2) | | Adjusted Net Income (Non-GAAP Measure) | $37.8 | $35.7 | [Earnings per Share Summary](index=8&type=section&id=Earnings%20per%20Share%20Summary) | (U.S. Dollars presented in millions, except per share amounts) | March 31, 2024 | March 26, 2023 | | :----------------------------------------------------------- | :------------- | :------------- | | Diluted EPS (GAAP) | $0.29 | $0.27 | | Impact of adjustments | $— | $0.01 | | Adjusted Diluted EPS (Non-GAAP Measure) | $0.29 | $0.28 | | Weighted average diluted shares outstanding | 130.5 | 129.5 | [Profit Margins](index=8&type=section&id=Profit%20Margins) | (U.S. Dollars presented in millions, except percentages) | March 31, 2024 | March 26, 2023 | | :------------------------------------------------------- | :------------- | :------------- | | Net Sales | $638.1 | $676.7 | | Gross Profit | $204.7 | $204.6 | | Gross Profit Margin % | 32.1 % | 30.2 % | | Adjusted EBITDA Margin % | 12.4 % | 12.0 % | [Tick Legend & Effective Income Tax Rate](index=9&type=section&id=Tick%20Legend%20%26%20Effective%20Income%20Tax%20Rate) - **Separation costs** represent one-time costs incurred directly by MasterBrand related to the separation from Fortune Brands[24](index=24&type=chunk) - **Restructuring charges** are nonrecurring costs for significant cost reduction initiatives, including workforce reductions and facility closures[25](index=25&type=chunk) - **Restructuring-related charges** are expenses directly related to restructuring initiatives that do not represent normal, recurring expenses but cannot be reported as restructuring under GAAP[26](index=26&type=chunk) | (U.S. Dollars presented in millions, except percentages) | March 31, 2024 | March 26, 2023 | | :------------------------------------------------------- | :------------- | :------------- | | Income taxes (a) | $11.5 | $12.9 | | Income before taxes (b) | 49.0 | 47.9 | | Effective income tax rate (a)/(b) | 23.5 % | 26.9 % | [Condensed Consolidated Balance Sheets](index=10&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section presents unaudited condensed consolidated balance sheets for Q1 2024 and Q1 2023, detailing assets, liabilities, equity, and a net debt reconciliation | (U.S. Dollars presented in millions) | March 31, 2024 | March 26, 2023 | | :----------------------------------- | :------------- | :------------- | | ASSETS | | | | Current assets | | | | Cash and cash equivalents | $153.7 | $116.3 | | Accounts receivable, net | 224.4 | 278.3 | | Inventories | 247.9 | 349.6 | | Other current assets | 76.5 | 66.4 | | TOTAL CURRENT ASSETS | 702.5 | 810.6 | | Property, plant and equipment, net | 353.3 | 344.0 | | Operating lease right-of-use assets, net | 59.9 | 62.8 | | Goodwill | 924.3 | 923.8 | | Other intangible assets, net | 330.9 | 345.3 | | Other assets | 29.2 | 21.6 | | TOTAL ASSETS | $2,400.1 | $2,508.1 | | LIABILITIES AND EQUITY | | | | Current liabilities | | | | Accounts payable | $163.6 | $202.8 | | Current portion of long-term debt | 26.9 | 22.2 | | Current operating lease liabilities | 16.3 | 14.4 | | Other current liabilities | 133.6 | 149.4 | | TOTAL CURRENT LIABILITIES | 340.4 | 388.8 | | Long-term debt | 681.1 | 917.4 | | Deferred income taxes | 81.9 | 84.4 | | Pension and other postretirement plan liabilities | 8.3 | 12.2 | | Operating lease liabilities | 45.8 | 50.6 | | Other non-current liabilities | 13.6 | 8.3 | | TOTAL LIABILITIES | 1,171.1 | 1,461.7 | | Stockholders' equity | 1,229.0 | 1,046.4 | | TOTAL EQUITY | 1,229.0 | 1,046.4 | | TOTAL LIABILITIES AND EQUITY | $2,400.1 | $2,508.1 | | Reconciliation of Net Debt | | | | Current portion of long-term debt | $26.9 | $22.2 | | Long-term debt | 681.1 | 917.4 | | LESS: Cash and cash equivalents | (153.7) | (116.3) | | Net Debt | $554.3 | $823.3 | | Adjusted EBITDA for Prior Fiscal Year | 383.4 | 411.4 | | LESS: Adjusted EBITDA for 13 weeks ended prior year first quarter | (81.5) | (80.8) | | PLUS: Adjusted EBITDA for 13 weeks ended current year first quarter | 79.4 | 81.5 | | Adjusted EBITDA (trailing twelve months) | $381.3 | $412.1 | | Net Debt to Adjusted EBITDA | 1.5x | 2.0 x | [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section presents unaudited condensed consolidated statements of cash flows for Q1 2024 and Q1 2023, detailing operating, investing, and financing activities | (U.S. Dollars presented in millions) | 13 Weeks Ended March 31, 2024 | 13 Weeks Ended March 26, 2023 | | :----------------------------------- | :---------------------------- | :---------------------------- | | OPERATING ACTIVITIES | | | | Net income | $37.5 | $35.0 | | Adjustments to reconcile net income to net cash provided by operating activities: | | | | Depreciation | 12.2 | 11.3 | | Amortization of intangibles | 3.7 | 4.0 | | Restructuring charges, net of cash payments | (0.8) | (10.4) | | Amortization of finance fees | 0.5 | 0.5 | | Stock-based compensation | 4.3 | 4.9 | | Changes in operating assets and liabilities: | | | | Accounts receivable | (21.7) | 14.1 | | Inventories | 1.6 | 23.3 | | Other current assets | 1.3 | (2.0) | | Accounts payable | 10.2 | (16.9) | | Accrued expenses and other current liabilities | (29.6) | (14.6) | | Other items | (0.5) | 12.9 | | NET CASH PROVIDED BY OPERATING ACTIVITIES | 18.7 | 62.1 | | INVESTING ACTIVITIES | | | | Capital expenditures | (7.0) | (2.9) | | Proceeds from the disposition of assets | — | 0.2 | | NET CASH USED IN INVESTING ACTIVITIES | (7.0) | (2.7) | | FINANCING ACTIVITIES | | | | Issuance of long-term and short-term debt | — | 40.0 | | Repayments of long-term and short-term debt | — | (79.6) | | Repurchase of common stock | (1.6) | — | | Payments of employee taxes withheld from share-based awards | (4.9) | (2.8) | | Other items | (0.6) | (0.3) | | NET CASH USED IN FINANCING ACTIVITIES | (7.1) | (42.7) | | Effect of foreign exchange rate changes on cash and cash equivalents | 0.4 | (1.5) | | NET INCREASE IN CASH AND CASH EQUIVALENTS | $5.0 | $15.2 | | Cash and cash equivalents at beginning of period | $148.7 | $101.1 | | Cash and cash equivalents at end of period | $153.7 | $116.3 | | Reconciliation of Free Cash Flow | | | | Net cash provided by operating activities | $18.7 | $62.1 | | Less: Capital expenditures | (7.0) | (2.9) | | Free cash flow | $11.7 | $59.2 |

Knowing your choices can help you make the right decisions when buying the best $20 stocks for April. According to Finviz.com, there are only three stocks in the Nasdaq 100 under $20 and 22 stocks in the S&P 500. It jumps to 1,055 in the Russell 2000, so let’s use that index to identify some winners. Of course, a stock isn’t worth buying just because it’s under $20. It has to have growth prospects or something tangible that makes it worth owning for the long haul. I always like to spread my love around with ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-41545 MasterBrand, Inc. (Exact name of registrant as specified in its charter) Delaware 88-3479920 (State or other jurisdiction of incorporation or organization ...

MasterBrand Reports Fourth Quarter and Full Year 2023 Financial Results BEACHWOOD, Ohio.--(BUSINESS WIRE)--February 26, 2024-- MasterBrand, Inc. (NYSE: MBC, the "Company," or "MasterBrand"), the largest residential cabinet manufacturer in North America, today announced fourth quarter and full year 2023 financial results. "We delivered another solid quarter, finishing off a strong first year as a standalone public company. With net sales at the high-end of our internal expectations, and our operations perfor ...

MasterBrand Inc. (NYSE:MBC) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Andrea H. Simon - Executive VP & CFO Farand Pawlak - VP of IR & External Communications R. David Banyard - CEO, President & Director Conference Call Participants Adam Michael Baumgarten - MD, Zelman & Associates Alex Hantman - Executive Officer, Sidoti & Company Garik Simha Shmois - MD, Loop Capital Markets Thomas Mcnally Mahoney - Research Associate, Cleveland Research Operator Welcome to the Maste ...