Welcome to our dedicated page for MasterBrand news (Ticker: MBC), a resource for investors and traders seeking the latest updates and insights on MasterBrand stock.
MasterBrand Inc (MBC) is a North American leader in crafting residential cabinetry solutions, specializing in kitchen and bathroom storage systems. This page aggregates all official corporate announcements, financial disclosures, and strategic developments for investors and industry observers.
Access real-time updates on earnings reports, product innovations, and market expansions directly from the source. Our curated collection includes press releases about manufacturing advancements, dealer network growth, and sustainability initiatives within the wood cabinetry sector.
Key coverage areas: quarterly financial results, new cabinet line launches, executive leadership changes, and operational efficiency milestones. Bookmark this page to monitor how MBC maintains its industry position through quality craftsmanship and distribution partnerships across the U.S. and Canada.
MasterBrand, Inc. (NYSE: MBC) reported first-quarter 2024 financial results with a 5.7% decrease in net sales to $638.1 million. Net income was $37.5 million, adjusted EBITDA margin increased to 12.4%, diluted earnings per share were $0.29, and operating cash flow was $18.7 million. The company reiterated its 2024 financial outlook with expectations of a low single-digit decline in net sales, adjusted EBITDA in the range of $370 million to $400 million, and adjusted diluted EPS between $1.40 to $1.60.
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