MasterBrand Q3: Sales $677M (-21% YoY), net income $59.7M (+14%), raises 2023 outlook

MasterBrand, Inc.

2023-Q3 EPS reported $1.12 revenue$2,049,100,000

Net sales $677.3M, down 21.1% YoY; net income $59.7M, up 14.4% YoY.
Diluted EPS $0.46 vs pro forma $0.41; adjusted EBITDA $109.8M, margin 16.2% (+153 bps).
Operating cash flow $336.5M YTD, free cash flow $315.1M; net debt $585M, leverage 1.5x.
Gross profit margin up 421 bps to 35.1% on lower material/freight costs and productivity.
Company explicitly increases 2023 financial outlook.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MasterBrand, Inc. reported the fiscal quarter ended September 24, 2023 results: revenue $677.3 million, net income $59.7 million, EPS $0.46. Guidance reaffirmed.

Period: the fiscal quarter ended September 24, 2023
Revenue: $677.3 million
Net income: $59.7 million
EPS: $0.46
Guidance: reaffirmed
Result: reported results

Exact text from the filing

The information in this Item 2.02 and --- EX-99.1 (EX-99.1) --- MasterBrand Reports Third Quarter 2023 Financial Results • Net sales decreased 21.1% year-over-year to $677.3 million • Net income increased 14.4% year-over-year to $59.7 million • Adjusted EBITDA 1 margin increased 153 basis points year-over-year to 16.2% • Operating cash flow for the

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Source: SEC EDGAR

accession 0001941365-23-000064

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