The latest update is out from MasterBrand Inc ( (MBC) ).
On March 17, 2025, MasterBrand, Inc. announced a new share repurchase program authorized by its Board of Directors, allowing the company to buy back up to $50 million of its outstanding common stock until March 13, 2028. This initiative is in addition to an existing repurchase authorization from April 2023, with $21 million remaining for repurchases as of December 29, 2024. The repurchase program aims to enhance shareholder value by leveraging MasterBrand’s strong cash flow to strengthen its balance sheet and invest in the business. The company can repurchase shares through various methods, and the program may be adjusted based on business and market conditions.
More about MasterBrand Inc
MasterBrand, Inc. is the largest manufacturer of residential cabinets in North America, offering a wide range of cabinetry products for kitchens, bathrooms, and other home areas. The company provides stock, semi-custom, and premium cabinetry through an extensive distribution network of over 7,700 dealers, major retailers, and builders. MasterBrand employs over 13,000 associates across more than 20 manufacturing facilities and offices.
YTD Price Performance: -8.22%
Average Trading Volume: 1,191,600
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.71B
For detailed information about MBC stock, go to TipRanks’ Stock Analysis page.