Earnings Releases·Nov 5, 2026, 4:08 PM ET

MasterBrand — Third Quarter 2026 Earnings Summary

Legacy MasterBrand net sales declined 2.5% year-over-year to $681.1 million, while consolidated net sales reached $1,036.8 million; however, the company gained market share despite a mid- to high-single-digit market decline.
Financial results showed a net loss of $(9.2) million and diluted loss per share of $(0.05), compared to prior year net income of $18.1 million, driven by a 660 basis point gross margin contraction to 24.6% due to lower volume, unfavorable mix, and the inclusion of American Woodmark's lower margins.
The American Woodmark integration is ahead of schedule with $11 million in synergies realized, exceeding the previously communicated target of $15 million for the second half of 2026, with over $100 million in annual run-rate synergies expected by year three post-close.
Full-year 2026 free cash flow is expected to be breakeven, with gross tariff costs estimated at 5-6% of net sales to be fully offset by year-end, while fourth quarter 2026 adjusted EBITDA is guided to $38–$48 million.
No share repurchases were conducted during the quarter as the company prioritized integration investments and balance sheet management, maintaining full compliance with debt covenants and $554.5 million in revolving credit facility availability.