earnings
confidence high
sentiment negative
materiality 0.75
MasterBrand Q3 sales up 6% to $718M, net income down 51% to $29.1M
MasterBrand, Inc.
2024-Q3 EPS reported
$0.86
revenue$2,032,700,000
- Net sales $718.1M (+6% YoY) driven by Supreme acquisition (9% contribution); lower ASP (-3%) partially offset.
- Net income $29.1M (margin 4.1%) vs $59.7M (8.8%) last year, down 51.3% due to acquisition costs, lower margins, restructuring, and higher interest.
- Adjusted EBITDA $104.5M (margin 14.6% down 160bps) vs $109.8M (16.2%) last year.
- Diluted EPS $0.22; adjusted diluted EPS $0.40 vs $0.49 prior year.
- Reiterated 2024 financial outlook; Supreme acquisition integration progressing as planned.