---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-018225"
form_type: "8-K"
ticker: "MBC"
cik: "0001941365"
company_name: "MasterBrand, Inc."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T10:39:03.773864+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MasterBrand Q4 net sales +5% to $784M; FY adj. EBITDA +29%; guides mid-teen sales decline in 2023

## Summary
- Q4 net sales $784.4M (+5% YoY); net income $15.4M, down 56% due to $25M separation costs, $21M restructuring, $20M trade name impairments.
- Full year net sales $3.3B (+15% YoY); net income $155.4M (down 15%); adjusted EBITDA $411.4M (+29% YoY).
- Q4 adjusted EPS $0.52 vs $0.32 pro forma prior year; full year adjusted EPS $2.02 vs $1.56.
- 2023 outlook: net sales decline mid-teens; adjusted EBITDA $305-335M (~11-12% margin).
- Operating cash flow $235.6M; free cash flow $179.7M; net debt to adj. EBITDA 2.1x.

## SEC filing metadata
- accession: 0001213900-23-018225
- form_type: 8-K
- ticker: MBC
- cik: 0001941365
- company_name: MasterBrand, Inc.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1941365/000121390023018225/0001213900-23-018225-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1941365/000121390023018225/ea174801-8k_master.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-018225
- JSON: https://secwatch.observer/filing/0001213900-23-018225.json
- Plain text: https://secwatch.observer/filing/0001213900-23-018225.txt

## Key facts
- Earnings Releases
  MasterBrand, Inc. reported the year ended December 25, 2022 results: revenue $3.3 billion, net income $155.4 million, EPS $1.20. Guidance initiated.
  - Period: the year ended December 25, 2022
  - Revenue: $3.3 billion
  - Net income: $155.4 million
  - EPS: $1.20
  - Guidance: initiated
  - Result: reported results
  source text: Exhibit 99.1 MasterBrand Reports Fourth Quarter and Full Year 2022 Financial Results ● 4Q and full year 2022 net sales increased 5% and 15% year-over-year to $784.4 million and $3.3 billion, respectively ● 4Q and full year 2022 net income were $15.4 million and $155.4 million, respectively ● 4Q and full year 2022 adjusted EBITDA* increased 47% and 29% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1941365/000121390023018225/0001213900-23-018225-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.