MasterBrand Sees Net Sales YoY Decline Of Mid Teens Percentage In Q4 2023
Portfolio Pulse from Benzinga Newsdesk
MasterBrand expects a year-over-year net sales decline of mid teens percentage in Q4 2023, with adjusted EBITDA in the range of $370 million to $380 million for the full year 2023. The company is increasing the midpoint of its full-year adjusted EBITDA outlook by $20 million based on stronger than expected performance in Q3 2023. The outlook includes insurance proceeds from a tornado damage claim at its Jackson, Georgia production facility. The company expects softer end market demand in 2023.
November 07, 2023 | 9:44 pm
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MasterBrand's Q4 2023 sales are expected to decline YoY, but the company is raising its full-year adjusted EBITDA outlook due to strong Q3 performance. The company's outlook includes insurance proceeds from a tornado damage claim.
MasterBrand's sales are expected to decline in Q4 2023, which could negatively impact the stock. However, the company is raising its full-year adjusted EBITDA outlook due to strong Q3 performance, which could offset the potential negative impact. The inclusion of insurance proceeds from a tornado damage claim in the outlook could also provide some financial cushion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100