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MasterBrand Inc (MBC)
NYSE:MBC
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.39Last Year’s EPS
$0.28Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -21.28%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth driven by strategic acquisitions and strong cash flow, but was tempered by margin contraction, a significant decline in net income, and soft demand in key markets. The company's strategic initiatives show promise for future growth despite the current challenges.Company Guidance
During the MasterBrand's Third Quarter 2024 Earnings Conference Call, the company provided detailed guidance on various financial metrics and market expectations. Net sales for Q3 2024 reached $718 million, marking a 6% year-over-year increase, primarily due to the acquisition of Supreme Cabinetry Brands. However, this was partially offset by a decrease in net average selling prices in the core business. Adjusted EBITDA came in at $105 million with a margin of 14.6%, down by 160 basis points compared to the previous year. Despite challenges such as sequential inflation in materials and inbound freight, the company expects adjusted EBITDA margins to improve in Q4, resulting in more normalized decremental margin performance for the second half of the year. The free cash flow for the quarter was a robust $65 million, contributing to a year-to-date total of $142 million. MasterBrand reiterated its full-year 2024 outlook with expectations of low single-digit declines in organic net sales and adjusted EBITDA within the range of $385 million to $405 million. The company also highlighted strategic initiatives like Align to Grow and Lead Through Lean, aiming for incremental savings of $50 million and continued growth despite current market conditions.Revenue Growth
Net sales in Q3 2024 were $718 million, a 6% increase over the same period last year.
Strategic Acquisition
The acquisition of Supreme Cabinetry Brands contributed significantly to the revenue growth, adding 9% to net sales for the quarter.
Strong Cash Flow
The company delivered a strong quarter of free cash flow at $65 million, bringing the year-to-date total to $142 million.
New Market Wins
The Align to Grow initiative led to new business with top builders, contributing to growth in the single-family new construction market.
Strategic Initiatives and Savings
The company achieved $50 million in savings through strategic initiatives, with more opportunities identified for future periods.
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MBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $18.37 | $17.67 | -3.81% |
| Aug 06, 2024 | $16.22 | $15.10 | -6.91% |
| May 07, 2024 | $17.48 | $16.40 | -6.18% |
| Feb 26, 2024 | $15.39 | $15.45 | +0.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MasterBrand Inc (MBC) report earnings?
MasterBrand Inc (MBC) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is MasterBrand Inc (MBC) earnings time?
MasterBrand Inc (MBC) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MBC EPS forecast?
MBC EPS forecast for the fiscal quarter 2024 (Q4) is $0.39.
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