Welcome to our dedicated page for MasterBrand news (Ticker: MBC), a resource for investors and traders seeking the latest updates and insights on MasterBrand stock.
MasterBrand, Inc. (MBC) is a leading manufacturer of wood kitchen cabinets, providing a comprehensive range of cabinet solutions for residential use. The company specializes in both in-stock and special-order cabinetry series, catering to the diverse needs of homeowners and builders across North America.
MasterBrand's extensive portfolio includes cabinets for kitchens, bathrooms, and various other living spaces, ensuring style and functionality for every part of the home. They distribute their high-quality products through three main channels: dealers, retailers, and builders, reaching customers throughout the United States and Canada.
In recent years, MasterBrand has achieved significant milestones, including successful product launches and strategic partnerships. Their commitment to innovation and quality has solidified their reputation as a trusted name in the cabinetry industry.
Financially, MasterBrand is robust, with strong revenue streams driven by consistent market demand and a well-established distribution network. The company's focus on sustainable practices and customer satisfaction further strengthens its market position.
Stay informed about MasterBrand, Inc. for the latest updates on their performance, new developments, and industry events.
MasterBrand (NYSE: MBC) announced it will acquire Supreme Cabinetry Brands for $520 million in cash, a move that aligns with its growth priorities and expands its product and brand portfolio.
The acquisition is expected to yield $28 million in cost synergies by the end of year three and be accretive to adjusted diluted EPS within the first year post-closing. The deal values Supreme at 8.9x its adjusted EBITDA for the twelve months ending March 31, 2024, which improves to 5.9x with synergies.
The acquisition, subject to customary closing conditions and expected to close in Q3 2024, will be funded through cash on hand and existing credit facilities, supported by an incremental debt commitment from JPMorgan Chase Bank.
The combined entity aims to leverage expanded dealer networks, improve efficiency, and enhance customer experience, targeting a net debt to adjusted EBITDA ratio of under 2.0x within two years post-close.
A conference call to discuss the transaction is scheduled for 8:00 a.m. ET today.
MasterBrand, Inc. (NYSE: MBC) reported first-quarter 2024 financial results with a 5.7% decrease in net sales to $638.1 million. Net income was $37.5 million, adjusted EBITDA margin increased to 12.4%, diluted earnings per share were $0.29, and operating cash flow was $18.7 million. The company reiterated its 2024 financial outlook with expectations of a low single-digit decline in net sales, adjusted EBITDA in the range of $370 million to $400 million, and adjusted diluted EPS between $1.40 to $1.60.
FAQ
What is the current stock price of MasterBrand (MBC)?
What is the market cap of MasterBrand (MBC)?
What does MasterBrand, Inc. specialize in?
Where does MasterBrand, Inc. sell its products?
What types of cabinets does MasterBrand, Inc. offer?
How is MasterBrand, Inc.'s financial condition?
How does MasterBrand, Inc. ensure product quality?
What recent achievements has MasterBrand, Inc. made?
What is the significance of MasterBrand, Inc. in the cabinetry industry?
What distribution channels does MasterBrand, Inc. use?
Why should customers choose MasterBrand, Inc. products?
How can I stay updated on MasterBrand, Inc.'s latest news?
