MasterBrand Reports First Quarter 2024 Financial Results
MasterBrand, Inc. (MBC)
Company Research
Source: Business Wire
Net sales decreased 5.7% year-over-year to $638.1 millionNet income was $37.5 million compared to $35.0 million in the prior yearAdjusted EBITDA1 margin increased 40 basis points year-over-year to 12.4%Diluted earnings per share were $0.29 compared to $0.27 in the prior year quarter; adjusted diluted earnings per share1 were $0.29 compared to $0.28 in the prior year quarterOperating cash flow was $18.7 million with free cash flow1 of $11.7 millionReiterates 2024 financial outlook BEACHWOOD, Ohio--(BUSINESS WIRE)--MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced first quarter 2024 financial results.“We delivered a solid quarter of results to start the year, with continued year-over-year adjusted EBITDA margin expansion and strong first quarter free cash flow,” said Dave Banyard, President and Chief Executive Officer. “We are pleased to see the year progressing largely in line with our expec
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Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/7/24 - Form 8-K
- MBC's page on the SEC website