earnings
confidence high
sentiment positive
materiality 0.65
MasterBrand Q2 net sales down 2.7% to $676.5M; adj EBITDA margin up 20bps to 15.5%
MasterBrand, Inc.
2024-Q2 EPS reported
$0.63
revenue$1,314,600,000
- Net sales $676.5M (-2.7% YoY); net income $45.3M vs $51.2M; diluted EPS $0.35 vs $0.39.
- Adjusted EBITDA $105.1M; adjusted EBITDA margin 15.5% (+20bps YoY).
- Adjusted diluted EPS $0.45 vs $0.44, benefiting from updated amortization exclusion.
- Operating cash flow $96.1M; free cash flow $77.8M for 26 weeks ended June 30, 2024.
- Company increased 2024 financial outlook following closure of Supreme Cabinetry Brands acquisition.