{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-037676","form_type":"8-K","ticker":"MBC","cik":"0001941365","company_name":"MasterBrand, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.606459+00:00","generated_at":"2026-06-15T10:29:04.133719+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MasterBrand Q1 adj EBITDA up 0.9% to $81.5M; raises FY outlook, authorizes $50M buyback","bullets":["Net sales $676.7M, down 12.9% YoY; gross margin up 300bps to 30.2%.","Net income $35.0M ($0.27 diluted) vs $46.9M ($0.37 pro forma) YoY; higher interest expense.","Adj EBITDA margin 12.0% (+160bps); FY2023 adj EBITDA outlook raised to $315-345M.","Operating cash flow $62.1M; free cash flow $59.2M; net debt/adj EBITDA 2.0x.","Board authorized new $50M share repurchase program through April 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-037676","json":"https://secwatch.observer/filing/0001213900-23-037676.json","markdown":"https://secwatch.observer/filing/0001213900-23-037676.md","text":"https://secwatch.observer/filing/0001213900-23-037676.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1941365/000121390023037676/0001213900-23-037676-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1941365/000121390023037676/ea178187-8k_masterbrand.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T10:29:04.133719+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a85d1595dda6fff1ddae607fc4f66ef1ddd7600e","claim":"MasterBrand, Inc. updated its full year 2023 guidance (raised).","evidence_excerpt":"For full year 2023, the Company expects: ● Net sales year-over-year decline of mid teens, based on market declines of low teens ● Adjusted EBITDA* in the range of $315 million to $345 million, with related adjusted EBITDA* margins of roughly 11.5 to 12.5 percent The Company is increasing the midpoint of full-year adjusted EBITDA* outlook by $10 million following stronger than expected performance in the first quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1941365/000121390023037676/0001213900-23-037676-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"d151c8d7dacde862965c1ab3abf8eb1c5c0d0c49","claim":"MasterBrand, Inc. reported fiscal quarter ended March 26, 2023 results: revenue 676.7 million, net income 35.0 million, EPS 0.27.","evidence_excerpt":"Net sales were $676.7 million, compared to $777.1 million in the first quarter of 2022, a decrease of 12.9%. Gross profit was $204.6 million, compared to $211.0 million in the comparable period of the prior year. Gross profit margin expanded 300 basis points to 30.2%, compared to 27.2% in the first quarter of 2022. Net income was $35.0 million, compared to $46.9 million in the first quarter of 2022, primarily due to higher interest expense of $17.4 million, related to bank debt issued in December 2022 at the time of our separation from Fortune Brands Home and Security. Diluted net income per share was $0.27, compared to pro forma diluted net income per share of $0.37 in the comparable period of the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1941365/000121390023037676/0001213900-23-037676-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal quarter ended March 26, 2023"},{"label":"Revenue","value":"676.7 million"},{"label":"Net income","value":"35.0 million"},{"label":"EPS","value":"0.27"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}