newsfilter
← Latest News
Business Wire·

MasterBrand Reports Third Quarter 2025 Financial Results

MBC
  • MasterBrand, Inc. reported third quarter 2025 net sales of $698.9 million, a 2.7% decrease year-over-year.
  • Diluted earnings per share were $0.14 compared to $0.22 in the prior year period, while adjusted diluted earnings per share were $0.33 versus $0.40.
  • Net income margin declined 150 basis points to 2.6%, driven by lower gross profit.
  • Adjusted EBITDA margin decreased 160 basis points to 13.0%, with adjusted EBITDA falling to $90.6 million from $104.5 million.
  • Gross profit margin dropped 190 basis points to 31.2% due to lower volume, unfavorable fixed cost leverage, & tariffs, partially offset by ASP improvements.
  • The company maintains cash of $114.8 million & $461.9 million available under its revolving credit facility as of September 28, 2025.
  • Total debt stood at $954.1 million, resulting in a net debt to adjusted EBITDA ratio of 2.5x.
  • Free cash flow for the first nine months of 2025 was $65.0 million, down from $142.3 million in the prior period.
  • The company repurchased approximately 1.4 million shares for $18.1 million during the first nine months of 2025, with no repurchases made in the third quarter due to merger restrictions.
  • MasterBrand updated its full-year 2025 outlook to expect net sales approximately flat year-over-year, with adjusted EBITDA guidance between $315 million & $335 million.
  • The updated financial outlook accounts for the impact of recently enacted tariffs, including Section 232 lumber tariffs effective October 14, 2025.
  • The company remains focused on closing its pending merger transaction with American Woodmark, which is expected to close in early 2026.
  • The 2025 financial outlook does not reflect anticipated financial benefits or transaction costs associated with the merger with American Woodmark.