secwatch.observer — SEC 8-K summary
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Issuer:     MasterBrand, Inc. (MBC)
CIK:        0001941365
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001213900-23-037676
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasterBrand Q1 adj EBITDA up 0.9% to $81.5M; raises FY outlook, authorizes $50M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941365/000121390023037676/0001213900-23-037676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941365/000121390023037676/ea178187-8k_masterbrand.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-037676

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer