MasterBrand(MBC) - 2024 Q1 - Quarterly Results

MasterBrand Reports First Quarter 2024 Financial Results • Net sales decreased 5.7% year-over-year to $638.1 million • Net income was $37.5 million compared to $35.0 million in the prior year • Adjusted EBITDA1 margin increased 40 basis points year-over-year to 12.4% • Diluted earnings per share were $0.29 compared to $0.27 in the prior year quarter; adjusted diluted earnings per share1 were $0.29 compared to $0.28 in the prior year quarter • Operating cash flow was $18.7 million with free cash flow1 of $11 ...