MasterBrand Q2 net sales -18.8% to $695M; net income +25.2%; raises 2023 outlook

MasterBrand, Inc.

2023-Q2 EPS reported $0.66 revenue$1,371,800,000

Net sales $695.1M vs $855.6M YoY; gross profit margin expanded 481bps to 34.0%.
Net income $51.2M ($0.39 diluted EPS) vs $40.9M ($0.32 pro forma EPS) YoY.
Adjusted EBITDA $106.3M; margin 15.3% vs 12.5% YoY, up 281bps.
Operating cash flow $194.0M, free cash flow $182.6M for six months; net debt 1.7x EBITDA.
Repurchased ~405k shares for $4.4M; raised 2023 adjusted EBITDA outlook.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.