MasterBrand Sees FY23 Net Sales Year-Over-Year Decline Of Mid Teens Percentage In The Second Half Of 2023; Adj EBITDA $345M-$365M
Portfolio Pulse from Benzinga Newsdesk
MasterBrand Cabinets (MBC) forecasts a year-over-year decline in net sales of mid-teens percentage in the second half of 2023. The company also expects its adjusted EBITDA to be between $345M and $365M.
August 08, 2023 | 8:57 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
MasterBrand Cabinets expects a decrease in net sales in the second half of 2023 and an adjusted EBITDA between $345M and $365M.
The company's forecast of a decline in net sales indicates potential financial difficulties, which could negatively impact the stock price. The adjusted EBITDA, while providing some measure of the company's profitability, may not be enough to offset the negative impact of the sales decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100