NYSE$MBC
MasterBrand INC · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
MasterBrand experienced a decrease in net sales but improved adjusted EBITDA margin and maintained strong free cash flow.
MasterBrand reported a slight decrease in net sales but achieved an increase in adjusted EBITDA margin and generated strong free cash flow. The company's performance was driven by strategic initiatives and the acquisition of Supreme Cabinetry Brands, contributing to confidence in outperforming the market and achieving long-term financial targets.
- Net sales decreased 2.7% year-over-year to $676.5 million.
- Net income was $45.3 million, with a net income margin of 6.7%.
- Adjusted EBITDA margin increased 20 basis points year-over-year to 15.5%.
- Diluted earnings per share was $0.35, and adjusted diluted earnings per share was $0.45.
Headline financials
Revenue & EPS history
MasterBrand · Revenue · Quarterly
$677M
Forward guidance
For the full year 2024, the Company has increased its outlook following the closing of the Supreme Cabinetry Brands acquisition. On a consolidated basis the Company expects net sales year-over-year increase of low single-digit percentage with adjusted EBITDA in the range of $385 million to $405 million, with related adjusted EBITDA margin of roughly 14.0% to 14.5% and Adjusted Diluted EPS in the range of $1.50 to $1.62.
Tailwinds
- Net sales year-over-year increase of low single-digit percentage
- Organic decline of low single-digit percentage
- Acquisition-related increase of mid single-digit percentage
- Adjusted EBITDA in the range of $385 million to $405 million
- Adjusted EBITDA margin of roughly 14.0% to 14.5%
Headwinds
- End market demand will trend towards the lower end of our original range for the legacy MasterBrand business
- Inherent difficulty of forecasting the timing or amount of various items that have not yet occurred
- Estimating GAAP measures and providing a meaningful reconciliation for future periods requires a level of precision that is unavailable for these future periods
- Cannot be accomplished without unreasonable effort
- Forward-looking non-GAAP measures are estimated consistent with the relevant definitions and assumptions used for historical non-GAAP measures
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 Q2 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 | — | — | — |
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