Highest-materiality recent filing
MasterBrand closes American Woodmark merger on May 28, 2026; issues 77M shares and draws $375M debt
Each AWC share converted into 5.150 MasterBrand shares; total 77,031,379 shares issued.
Exchange ratio: 5.150 MasterBrand shares per American Woodmark share; ~77M MBC shares issued.
MasterBrand receives FTC clearance for American Woodmark merger; close set for May 28
FTC closed its investigation of MasterBrand's proposed merger with American Woodmark on May 22, 2026.
MasterBrand posts Q1 net loss of $15.4M; sales down 6.4% YoY to $618M
Net loss of $15.4M vs net income of $13.3M in Q1 2025; diluted EPS loss of $0.12.
MasterBrand expands board to 11, names three new directors pending merger close in Q2 2026
Board increased from 8 to 11; Andrew Cogan, Philip Fracassa, Daniel Hendrix appointed effective at merger close.
MasterBrand amends credit agreement to ease covenants ahead of planned merger with American Woodmark
Second Amendment adds new pricing tier and relaxes net leverage and interest coverage covenants until Jan 1, 2027 or merger close.
MasterBrand Q4 net loss $42M; adjusted EPS $(0.02); introduces 2026 cost savings of $30M
Q4 net sales $644.6M (-3.5% YoY); net loss margin (6.5)% vs 2.1% prior year.
MasterBrand Q3 net sales down 2.7%, EPS $0.14; adjusted EPS $0.33; outlook updated
Net sales $698.9M (-2.7% YoY); net income $18.1M (-37.8% YoY); margin 2.6% vs 4.1%.
MasterBrand and American Woodmark merger receives shareholder approval; awaits antitrust clearance
MasterBrand stockholders voted overwhelmingly to approve issuance of common stock to American Woodmark holders: 107.9M for, 0.2M against.
MasterBrand gets Mexican nod for American Woodmark deal; refiles HSR to extend FTC review
Mexico's Federal Competition Commission approved the merger on October 3, 2025.
Exchange ratio: 5.150 MasterBrand shares per American Woodmark share; merger expected to close by August 5, 2026.
MasterBrand Q1 net income falls 65% to $13.3M; adjusts FY 2025 outlook
Net sales up 3% YoY to $660.3M; net income down 65% to $13.3M; diluted EPS $0.10 (vs $0.29).
MasterBrand Q4 net sales $667.7M (-1% YoY); net income down 61% to $14.0M; introduces 2025 outlook
Q4 net sales $667.7M (down 1% YoY); full year $2.7B (down 1%). Volume decline of 6% and lower ASP of 4%.
MasterBrand Q3 sales up 6% to $718M, net income down 51% to $29.1M
Net sales $718.1M (+6% YoY) driven by Supreme acquisition (9% contribution); lower ASP (-3%) partially offset.
MasterBrand Q2 net sales down 2.7% to $676.5M; adj EBITDA margin up 20bps to 15.5%
Net sales $676.5M (-2.7% YoY); net income $45.3M vs $51.2M; diluted EPS $0.35 vs $0.39.
MasterBrand completes $520M cash acquisition of Supreme Cabinetry Brands
Closed $520M cash acquisition of Supreme Cabinetry Brands (Dura) on July 10, 2024.
MasterBrand issues $700M 7.00% Senior Notes due 2032, enters $750M revolver
Issued $700M aggregate principal of 7.00% Senior Notes due 2032 at par; net proceeds ~$689.5M.
MasterBrand prices $700M 7.00% Senior Notes due 2032 for Supreme acquisition
Issued $700 million aggregate principal of 7.00% Senior Notes due 2032.
MasterBrand announces $700M senior notes offering to fund Supreme acquisition
$700M senior notes due 2032; net proceeds plus new revolver and cash to fund Supreme acquisition and refinance existing term loan.
MasterBrand to acquire Supreme Cabinetry Brands for $520M cash; Q3 2024 close expected
Purchase price $520M cash; multiple ~8.9x Supreme's adj. EBITDA pre-synergies, ~5.9x post-synergies.
MasterBrand Q1: net sales $638M (-5.7%), net income $37.5M (+7.1%); reiterates 2024 outlook
Net sales down 5.7% YoY to $638.1M; net income up 7.1% to $37.5M ($0.29 diluted EPS vs $0.27).
Q4 net sales $677.1M, down 14% YoY; net income $36.1M, up 134%; diluted EPS $0.28 vs $0.12.
MasterBrand Q3: Sales $677M (-21% YoY), net income $59.7M (+14%), raises 2023 outlook
Net sales $677.3M, down 21.1% YoY; net income $59.7M, up 14.4% YoY.
MasterBrand Q2 net sales -18.8% to $695M; net income +25.2%; raises 2023 outlook
Net sales $695.1M vs $855.6M YoY; gross profit margin expanded 481bps to 34.0%.
MasterBrand Q1 adj EBITDA up 0.9% to $81.5M; raises FY outlook, authorizes $50M buyback
Net sales $676.7M, down 12.9% YoY; gross margin up 300bps to 30.2%.
MasterBrand Q4 net sales +5% to $784M; FY adj. EBITDA +29%; guides mid-teen sales decline in 2023
Q4 net sales $784.4M (+5% YoY); net income $15.4M, down 56% due to $25M separation costs, $21M restructuring, $20M trade name impairments.
MasterBrand completes spin-off from Fortune Brands; begins trading as independent MBC
Distribution completed Dec 14: each FBHS shareholder received 1 MBC share; ~128M shares distributed.
MasterBrand spin-off from Fortune Brands finalized; information statement mailed
Fortune Brands to distribute all outstanding MasterBrand shares pro rata; MasterBrand becomes independent publicly traded company.
The following three (3) former directors of American Woodmark were appointed to serve as independent directors on the Board of Directors of MasterBrand (the “Board”), effective as of the Effective Time: Andrew Cogan, Philip Fracassa and Daniel Hendrix (the “Former American Woodmark Directors”).
The following three (3) former directors of American Woodmark were appointed to serve as independent directors on the Board of Directors of MasterBrand (the “Board”), effective as of the Effective Time: Andrew Cogan, Philip Fracassa and Daniel Hendrix (the “Former American Woodmark Directors”).
The following three (3) former directors of American Woodmark were appointed to serve as independent directors on the Board of Directors of MasterBrand (the “Board”), effective as of the Effective Time: Andrew Cogan, Philip Fracassa and Daniel Hendrix (the “Former American Woodmark Directors”).
On June 6, 2024, the Board of Directors (the “Board”) of MasterBrand, Inc. (the “Company”), acting upon the recommendation of its Nominating, Environmental, Social and Governance Committee, elected Catherine Courage as the newest member of the Board, effective immediately.
On March 25, 2024, the Board of Directors (the “Board”) of MasterBrand, Inc. (the “Company”), acting upon the recommendation of its Nominating, Environmental, Social, and Governance Committee, elected Patrick Shannon as the newest member of the Board, effective immediately.
David D. Petratis serves as Non-Executive Chairman of the Board of Directors.
Ann Fritz Hackett 68 Class I—Expiring 2023
On December 14, 2022, Nicholas I. Fink and Patrick D. Hallinan, who served as interim members of the Board prior to the Distribution, resigned
On December 9, 2022, Robert C. Crisci was appointed to the Board of Directors (the “Board”) and as a member of the Board’s Audit Committee.
Bruce A. Kendrick 56 Executive Vice President and Chief Human Resources Officer
David D. Petratis 65 Class II—Expiring 2024
On December 14, 2022, Nicholas I. Fink and Patrick D. Hallinan, who served as interim members of the Board prior to the Distribution, resigned
Max materiality 1.00 · Median 0.65 · Most common event earnings