---
schema_version: "secwatch.filing_event.v1"
accession: "0001941365-24-000066"
form_type: "8-K"
ticker: "MBC"
cik: "0001941365"
company_name: "MasterBrand, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:00:38.668624+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MasterBrand Q1: net sales $638M (-5.7%), net income $37.5M (+7.1%); reiterates 2024 outlook

## Summary
- Net sales down 5.7% YoY to $638.1M; net income up 7.1% to $37.5M ($0.29 diluted EPS vs $0.27).
- Adjusted EBITDA margin improved 40 bps to 12.4%; adjusted diluted EPS $0.29 vs $0.28.
- Gross profit margin expanded 190 bps to 32.1% on cost savings offsetting lower pricing and inflation.
- Operating cash flow of $18.7M and free cash flow of $11.7M for the first quarter.
- Company reiterates full-year 2024 financial outlook; CEO cites progress on strategic initiatives.

## SEC filing metadata
- accession: 0001941365-24-000066
- form_type: 8-K
- ticker: MBC
- cik: 0001941365
- company_name: MasterBrand, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1941365/000194136524000066/0001941365-24-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1941365/000194136524000066/mbc-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001941365-24-000066
- JSON: https://secwatch.observer/filing/0001941365-24-000066.json
- Plain text: https://secwatch.observer/filing/0001941365-24-000066.txt

## Key facts
- Earnings Releases
  MasterBrand, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $638.1 million, net income $37.5 million, EPS $0.29. Guidance reaffirmed.
  - Period: the fiscal quarter ended March 31, 2024
  - Revenue: $638.1 million
  - Net income: $37.5 million
  - EPS: $0.29
  - Guidance: reaffirmed
  - Result: reported results
  source text: The information in this Item 2.02 and --- EX-99.1 (EX-99.1) --- MasterBrand Reports First Quarter 2024 Financial Results • Net sales decreased 5.7% year-over-year to $638.1 million • Net income was $37.5 million compared to $35.0 million in the prior year • Adjusted EBITDA 1 margin increased 40 basis points year-over-year to 12.4% • Diluted earnings per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1941365/000194136524000066/0001941365-24-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.