NYSE$MBC
MasterBrand INC · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
MasterBrand's Q1 2024 performance was marked by a sales decrease, alongside improved profitability and cash flow management.
MasterBrand reported a 5.7% decrease in net sales to $638.1 million, but net income increased to $37.5 million. The company saw an adjusted EBITDA margin expansion to 12.4% and generated $11.7 million in free cash flow. MasterBrand reiterated its 2024 financial outlook.
- Net sales decreased by 5.7% year-over-year, reaching $638.1 million.
- Net income increased to $37.5 million, compared to $35.0 million in the prior year.
- Adjusted EBITDA margin expanded by 40 basis points to 12.4%.
- Free cash flow was $11.7 million, driven by disciplined working capital management.
Headline financials
Revenue & EPS history
MasterBrand · Revenue · Quarterly
$638M
Forward guidance
MasterBrand reiterated its full year 2024 outlook, anticipating net sales to decline by a low single-digit percentage to flat, adjusted EBITDA in the range of $370 million to $400 million, and adjusted diluted EPS in the range of $1.40 to $1.60.
Tailwinds
- Net sales performance is expected to align with underlying market demand.
- Initiatives are designed to gain market share, offsetting trade downs and soft end market demand.
- Flexible manufacturing network should allow for stable adjusted EBITDA margin.
- Continued execution on strategic initiatives will help achieve the full year outlook.
- Company is investing in the business for future growth.
Headwinds
- Net sales are expected to decline by a low single-digit percentage to flat year-over-year.
- Trade downs and continued soft end market demand are expected to persist.
- There is some increased macroeconomic uncertainty.
- Difficult to forecast the timing or amount of various items that may be excluded from adjusted EBITDA.
- Estimating GAAP measures requires a level of precision that is unavailable for future periods.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2024
-0.6%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+1.3%
Avg return
30 days after
53%
9 / 17 earnings
Positive
+18.6%
Q1 2022
Best reaction
-15.9%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.2% | -14.0% | +0.2% | |
| Q4 2025 | -12.7% | -14.7% | -41.0% | |
| Q3 2025 | -14.4% | -15.4% | -11.8% | |
| Q1 2025 | -15.9% | -7.8% | -13.2% | |
| Q4 2024 | -5.9% | -9.4% | -17.7% | |
| Q3 2024 | +0.2% | -3.4% | -5.4% | |
| Q2 2024 | -4.4% | -4.1% | +0.8% | |
| Q1 2024 | -7.6% | -5.1% | -10.1% | |
| Q4 2021 | +8.0% | +14.6% | +21.3% | |
| Q4 2023 | +7.7% | +15.0% | +22.4% | |
| Q3 2022 | +1.7% | +4.1% | +24.7% | |
| Q3 2023 | +0.3% | +5.5% | +23.4% | |
| Q2 2022 | +5.0% | +0.0% | -1.8% | |
| Q2 2023 | +1.3% | +3.9% | -0.7% | |
| Q1 2022 | +18.6% | +24.3% | +23.8% | |
| Q1 2023 | +18.5% | +22.1% | +29.0% | |
| Q4 2022 | -2.8% | -6.0% | -22.2% | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro