NYSE$MBC
MasterBrand INC · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
MasterBrand's financial performance aligned with expectations, driven by operational excellence and the Supreme acquisition, despite market choppiness.
MasterBrand reported a 6.0% increase in net sales to $718.1 million, driven by the Supreme acquisition, but experienced a decrease in net income to $29.1 million and a decline in adjusted EBITDA margin to 14.6%. The company reiterates its 2024 financial outlook.
- Net sales increased 6.0% year-over-year to $718.1 million, driven by 9% growth from the Supreme acquisition.
- Net income decreased to $29.1 million, with net income margin declining to 4.1%.
- Adjusted EBITDA margin decreased 160 basis points year-over-year to 14.6%.
- Diluted earnings per share was $0.22, while adjusted diluted earnings per share was $0.40.
Headline financials
Revenue & EPS history
MasterBrand · Revenue · Quarterly
$718M
Forward guidance
The Company reiterates prior expectations for full year 2024, anticipating year-over-year growth in net sales and profitability.
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
- Demand trends across R&R and new construction end markets will remain mixed for the balance of the year.
- Organic net sales performance is expected to be in line with the underlying market demand.
- Reiterates 2024 financial outlook
- Adjusted Diluted EPS in the range of $1.50 to $1.62
- Choppiness in end markets
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 Q3 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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