secwatch.observer — SEC 8-K summary
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Issuer:     MasterBrand, Inc. (MBC)
CIK:        0001941365
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001213900-23-018225
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941365/000121390023018225/0001213900-23-018225-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941365/000121390023018225/ea174801-8k_master.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-018225

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