MasterBrand, Inc. (MBC) Tops Q4 EPS by 1c

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Go back to MasterBrand, Inc. (MBC) Tops Q4 EPS by 1c

MasterBrand Reports Fourth Quarter and Full Year 2023 Financial Results

February 26, 2024 4:05 PM EST

4Q and full year 2023 net sales decreased 14% and 17% year-over-year to $677.1 million and $2.7 billion, respectively 4Q and full year net income increased 134% and 17% year-over-year to $36.1 million and $182.0 million, respectively 4Q and full year adjusted EBITDA1 margin increased 20 basis points and 150 basis points year-over-year to 12.7% and 14.1%, respectively Full year operating cash flow was $405.6 million with free cash flow1 of $348.3 million Introduces 2024 financial outlook, including adjusted EPS

BEACHWOOD, Ohio--(BUSINESS WIRE)-- MasterBrand, Inc. (NYSE: MBC, the Company, or MasterBrand), the largest residential cabinet manufacturer in North America, today announced fourth quarter and full... More