secwatch.observer — SEC 8-K summary
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Issuer:     MasterBrand, Inc. (MBC)
CIK:        0001941365
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001941365-23-000064
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941365/000194136523000064/0001941365-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941365/000194136523000064/mbc-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001941365-23-000064

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