secwatch.observer — SEC 8-K summary
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Issuer:     MasterBrand, Inc. (MBC)
CIK:        0001941365
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001941365-23-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941365/000194136523000050/0001941365-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941365/000194136523000050/mbc-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001941365-23-000050

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