Streetbeat News

MBC

MasterBrand, Inc.

https://www.masterbrandcabinets.com

Industry

Furnishings, Fixtures & Appliances

MasterBrand, Inc. manufactures and sells residential cabinets for the kitchen, bathroom, and other parts of the home in North America. The company is based in Jasper, Indiana.

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MasterBrand shares are trading lower after the company reported Q2 financial results and issued FY24 adjusted EPS guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:35 pm

MasterBrand has revised its FY24 adjusted EPS guidance to a range of $1.50-$1.62, which is below the previous estimate of $1.66.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:15 pm

MasterBrand shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:48 pm

MasterBrand (NYSE:MBC) reported Q2 2024 adjusted EPS of $0.45, beating the estimate of $0.41. Sales were $676.5M, surpassing the $674.2M estimate but down 2.68% from last year's $695.1M.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:43 pm

Shares of companies within the broader industrial sector are trading higher following positive Core Retail Sales and Retail Sales economic data. Additionally, trader optimism about potential Fed rate cuts is contributing to the sector's strength.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:14 pm

MasterBrand has priced a $700 million senior notes offering at 7.00% due in 2032, with settlement expected around June 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:58 pm

MasterBrand is set to acquire Supreme Cabinetry Brands, a manufacturer of premier cabinet brands. This acquisition is expected to enhance MasterBrand's product portfolio and market presence.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 11:07 am

MasterBrand has reiterated its fiscal year 2024 expectations, forecasting a year-over-year net sales decline of a low single-digit percentage to flat, with an adjusted EPS range of $1.40 to $1.60, aligning with an estimated $1.45.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:22 pm

MasterBrand (NYSE:MBC) reported Q1 2024 adjusted EPS of $0.29, surpassing the $0.26 estimate, and sales of $638.1M, exceeding the $629M estimate. This represents an earnings increase of 3.57% and a sales decrease of 5.70% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:43 pm

MasterBrand anticipates a year-over-year decline in FY24 net sales ranging from a low single-digit percentage to flat, indicating a potential slowdown in revenue growth.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:29 pm

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