NYSE$MBC

MasterBrand INC · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a solid financial and operational performance, with net sales growth and adjusted EBITDA margin expansion.

MasterBrand reported a 5% increase in net sales, reaching $784.4 million, and an adjusted EBITDA margin expansion of 350 basis points to 12.5% for the fourth quarter of 2022. Net income decreased by 56% to $15.4 million due to separation costs, restructuring charges, and trade name impairments.

  • Net sales increased by 5% compared to Q4 2021, reaching $784.4 million.
  • Gross profit increased by 14% to $215.0 million, with a gross profit margin expansion of 220 basis points to 27.4%.
  • Adjusted EBITDA margin expanded 350 basis points to 12.5%.
  • Adjusted diluted earnings per share increased to $0.52, compared to $0.32 in the same period last year.

Headline financials

Total Revenue

$784M

Previous: $2.86B-72.5%
EPS (adj)

$0.52

Previous: $1.43-63.6%
Gross Profit Margin

27.4%

Previous: 25.2%+8.7%
Adjusted EBITDA Margin

12.5%

Previous: 9.0%+38.9%
Capital Expenditures

$23.7M

Previous: $51.6M-54.1%
Free Cash Flow

$180M

Previous: $96.6M+86.0%
Net Income

$15.4M

Previous: $183M-91.6%
Operating Income

$42.6M

Previous: $234M-81.8%
Gross Profit

$215M

Previous: $784M-72.6%
Cash & Equivalents

$101M

Previous: $141M-28.5%
Total Assets

$2.38B

No prior period
Stock-Based Comp

$2.8M

Previous: $9.3M-69.9%

Revenue & EPS history

MasterBrand · Revenue · Quarterly

$784M

Q4 2022-72.5%vs Q4 2021
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

The Company expects to continue outperforming the underlying market. Year-over-year net sales performance will be impacted by lower backlog at the beginning 2023 than the prior year due to strong service and delivery in 2022.

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 Q4 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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