Inferra AI / Company / MBC

MasterBrand, Inc.

MBC · Consumer Discretionary

Last earnings Aug 4, 2026

Key results

Net incomequarter

18%

Net income decreased 18% year-over-year to $37.3 million, representing a net income margin of 5.1%, down 160 basis points year-over-year Adjusted EBITDA 1 was flat year-over-year at $105.4 million, representing an Adjusted EBITDA margin 1 of 14.4%, down 110 basis points ye ar-over-year

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

EPSquarter

$0.29

Diluted earnings per share was $0.29 compared to $0.35 in the prior year period

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Net income margin was 5.1% compared to 6.7% in the prior year.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Diluted earnings per share were $0.29 compared to $0.35 in the second quarter of 2024.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Adjusted EPSquarter

$0.40

Adjusted diluted earnings per share 1 were $0.40 compared to $0.45 in the second quarter of 2024.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Free cash flowquarter

$25.5 million

Free cash flow 1 was $25.5 million for the twenty-six weeks ended June 29, 2025, compared to $77.8 million for the twenty-six weeks ended June 30, 2024.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Adjusted net incomequarter

$ 52.1

Reconciliation of Net Income to Adjusted Net Income Net Income (GAAP) $ 37.3 $ 45.3 [1] Restructuring charges 6.6 2.8 [2] Restructuring-related charges 4.9 [3] Acquisition-related costs 1.9 4.4 [4] Recognition of pension settlement adjustment (0.1 ) [5] Amortization expense 6.4 3.7 [6] Non-recurring components of interest expense 6.5 [7] Income tax impact of adjustments (4.9 ) (4.4 ) Adjusted Net Income (Non-GAAP Measure) $ 52.1 $ 58.3 3.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Earnings per Share Summary Diluted EPS (GAAP) $ 0.29 $ 0.35 Impact of adjustments $ 0.11 $ 0.10 Adjusted Diluted EPS (Non-GAAP Measure) $ 0.40 $ 0.45 Weighted average diluted shares outstanding 129.1 130.7 4.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

AI analysis

Q2 2025 · reported Aug 6, 2025

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

EPS · Q2 2025

$0.29

-17.1% vs year ago computed from stated figures

EX-99 · Aug 6, 2025

Free cash flow · Q2 2025

$25.5M

EX-99 · Aug 6, 2025

Adjusted EPS · Q2 2025

$0.40

-11.1% vs year ago computed from stated figures

EX-99 · Aug 6, 2025

Adjusted net income · Q2 2025

$ 52.1

EX-99 · Aug 6, 2025

The quarter in charts

Diluted EPS — GAAP

Per diluted share, as stated

EX-99 · Aug 6, 2025 EPS values as stated in the release.

Headline figures

Metric	Q2 2025	Prior qtr	Year ago
Net income	18%	—	—
EPS	$0.29	—	$0.35
Adjusted EPS	$0.40	—	$0.45
Free cash flow	$25.5 million	—	—
Adjusted net income	$ 52.1	—	—

EX-99 · Aug 6, 2025

Guidance · company-stated

Direction: Raised

Revenue$365 million

“2025 Financial Outlook For full year 2025, the Company expects the following: Net sales year-over-year decrease of low single-digit percentage Organic net sales decrease of mid-single-digit percentage Acquisition-related net sales increase of mid-single-digit percentage Adjusted EBITDA 1,2 in the range of $315 to $365 million, with related adjusted EBITDA margin 1,2 of roughly 12.0% to 13.5% Adjusted diluted earnings per share 1,2 in the range of $1.03 to $1.32 The Company continues to expect organic net sales performance to outperform the underlying market, as new products and channel specific offerings, and previously implemented price actions gain traction.”

Company outlook — Reiterated

“Our solid second quarter financial performance, along with our ability to navigate this challenging environment and an unchanged market outlook, gives us the confidence to maintain our previously stated guidance for the year.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Free cash flow$25.5M

Capital allocation

Balance Sheet, Cash Flow and Capital Allocation As of June 29, 2025 , th e Company had $120.1 million in cash and $418.6 million of availability under its revolving credit facility.

Total debt was $998.7 million and our ratio of total debt to net income from the most recent trailing twelve months was 10.7x as of June 29, 2025.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

MasterBrand, Inc. Q2 2025 — Net income decreased 18% year-over-year to $37.3 million, representing a net income margin of 5.1%, down 160 basis points year-over-year Adjusted EBITDA 1 was flat year-over-year at $105.4 million, re…

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “2025 Financial Outlook For full year 2025, the Company expects the following: Net sales year-over-year decrease of low single-digit percentage Organic net sales decrease of mid-single-digit percentage Acquisition-related net sales increase of mid-single-digit percentage Adjusted EBITDA 1,2 in the range of $315 to $365 million, with related adjusted EBITDA margin 1,2 of roughly 12.0% to 13.5% Adjusted diluted earnings per share 1,2 in the range of $1.03 to $1.32 The Company continues to expect organic net sales performance to outperform the underlying market, as new products and channel specific offerings, and previously implemented price actions gain traction.”

Revenue — Raised (“increase”)
“2025 Financial Outlook For full year 2025, the Company expects the following: Net sales year-over-year decrease of low single-digit percentage Organic net sales decrease of mid-single-digit percentage Acquisition-related net sales increase of mid-single-digit percentage Adjusted EBITDA 1,2 in the range of $315 to $365 million, with related adjusted EBITDA margin 1,2 of roughly 12.0% to 13.5% Adjusted diluted earnings per share 1,2 in the range of $1.03 to $1.32 The Company continues to expect organic net sales performance to outperform the underlying market, as new products and channel specific offerings, and previously implemented price actions gain traction.”

Company outlook — Reiterated (“unchanged”)
“Our solid second quarter financial performance, along with our ability to navigate this challenging environment and an unchanged market outlook, gives us the confidence to maintain our previously stated guidance for the year.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Balance Sheet, Cash Flow and Capital Allocation As of June 29, 2025 , th e Company had $120.1 million in cash and $418.6 million of availability under its revolving credit facility.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Total debt was $998.7 million and our ratio of total debt to net income from the most recent trailing twelve months was 10.7x as of June 29, 2025.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

For the same period, net debt 1 was $878.6 million and our ratio of net debt to adjusted EBITDA 1 was 2.5x.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

During the twenty-six weeks ended June 29, 2025 , the Company repurchased approximately 1.4 million shares of common stock for approximately $18.1 million .

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The transaction consideration is comprised solely of MasterBrand stock; however, MasterBrand plans to arrange a revolver expansion with its current banking group in order to pay off American Woodmark debt at close of the transaction, which is expected to occur in early 2026, subject to approval of the transaction by MasterBrand and American Woodmark shareholders, the receipt of regulatory approvals, and the satisfaction of other customary closing conditions.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

We use EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income margin, adjusted diluted earnings per share ( adjusted diluted EPS ), free cash flow, net debt, and net debt to adjusted EBITDA, which are all non-GAAP financial measures.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Strategy & priorities

We re encouraged by our momentum and confident in our ability to deliver attractive full-year adjusted EBITDA margins while continuing to invest in the business and execute on our long-term growth strategy.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

We believe that free cash flow is a useful measure to investors because it is a meaningful indicator of cash generated from operating activities available for the execution of our business strategy, and is used in the management of our business, including decisions concerning the allocation of resources and assessment of performance.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Profit Margins Net Sales (GAAP) $ 1,391.2 $ 1,314.6 Net Income margin percentage (GAAP) 3.6 % 6.3 % Adjusted Net Income margin percentage (Non-GAAP Measure) 5.5 % 7.5 % Adjusted EBITDA margin percentage (Non-GAAP Measure) 12.4 % 14.0 % TICK LEGEND: [1] Restructuring charges are nonrecurring costs incurred to implement significant cost reduction initiatives and may consist of workforce reduction costs, facility closure costs, cessation of operations, and other costs to maintain certain facilities where operations have ceased, but which we are still responsible for.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

[2] Restructuring-related charges are expenses directly related to restructuring initiatives that do not represent normal, recurring expenses necessary to operate the business, but cannot be reported as restructuring under GAAP.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Risks & headwinds

This 2025 Financial Outlook only reflects the impact of tariffs in effect as of the date of this release.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

It does not reflect any other potential tariff impacts on Company costs or end market demand.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The Company believes the dynamic nature of the tariffs, specifically the uncertainty of implementation, potential timing and duration, limits the usefulness of estimating this information.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those indicated in such statements.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Although MasterBrand and American Woodmark, as applicable, believe that these statements are based on reasonable assumptions, they are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those indicated or implied in such statements.

SEC original ↗MasterBrand, Inc. — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Please see Appendix for definitions and corresponding reconciliations to historical GAAP measures Near-Term Expectations Full Year 2025 Outlook 1 Mid-single-digit decrease in organic net sales y-o-y; Supreme to add mid-single digits Organic net sales performance to outperform underlying market demand, as new products and channel specific offerings, and previously implemented price actions gain traction Outlook only reflects the impact of the currently enacted tariffs.

SEC original ↗MasterBrand, Inc. — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Documents

Earnings deck slides

0 decks with slide view

MasterBrand, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors