earnings
confidence high
sentiment negative
materiality 0.80
MasterBrand posts Q2 net loss of $57.6M; raises synergy target to >$100M after American Woodmark merger
MasterBrand, Inc.
- Net sales $815.2M including $125.5M from American Woodmark; legacy net sales $689.7M down 5.6% YoY.
- Net loss $(57.6)M, diluted EPS $(0.38); adjusted diluted EPS $0.05 vs $0.40 prior year.
- Adjusted EBITDA $62.5M, margin 7.7%.
- Raised long-term annual run-rate cost synergy target to over $100M from American Woodmark merger.
- Introduces H2 2026 outlook with $15M synergy realization from $30M annualized synergies executed to date.