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MasterBrand, Inc. - MBC STOCK NEWS

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.

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MasterBrand (NYSE: MBC) intends to offer $700 million in Senior Notes due 2032, subject to market conditions and other factors. The raised funds, along with borrowings from a new revolving credit facility and existing cash, will finance the acquisition of Supreme Cabinetry Brands, refinance existing credit facilities, and cover related expenses. The Notes will be issued to qualified institutional buyers under Rule 144A and certain non-U.S. investors under Regulation S, and will not be registered under the Securities Act of 1933.

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MasterBrand, the largest residential cabinet manufacturer in North America, has announced the appointment of Catherine Courage to its Board of Directors, effective June 6, 2024.

Courage, currently Vice President at Google, leads a user experience and data science team. She brings a wealth of experience in technology and user experience, having previously held leadership positions at Google, DocuSign, Citrix, and Salesforce.

MasterBrand's CEO, Dave Banyard, highlighted the strategic benefit of Courage's expertise as the company continues to invest in its tech-enabled initiatives. Courage also holds board positions at the California College of Arts and Insight Enterprises.

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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.

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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.

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MasterBrand, Inc. (NYSE: MBC) announces the release of its first quarter 2024 financial results on May 7, 2024. The company, known as the largest residential cabinet manufacturer in North America, will host a live conference call and webcast to discuss the financial results and business outlook.
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MasterBrand, Inc. (NYSE: MBC) appoints Patrick Shannon to its Board of Directors, bringing extensive financial leadership experience. Shannon's background includes roles at Allegion plc and Ingersoll Rand, showcasing a strong track record in the building products industry.
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MasterBrand, Inc. (MBC) reported a decrease in net sales for 4Q and full year 2023, but saw an increase in net income and adjusted EBITDA margin. The company introduced its 2024 financial outlook, expecting a decline in net sales but steady adjusted EBITDA and EPS. Despite market challenges, MasterBrand remains optimistic about operational efficiencies and growth opportunities.
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MasterBrand, Inc. (NYSE: MBC) will release its Q4 and full year 2023 financial results on February 26, 2024. The company will hold a conference call and webcast to discuss the financial results and business outlook. Investors can access the live call and webcast on the company's website. A telephone replay and archived webcast will also be available.
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MasterBrand, Inc. (NYSE: MBC) has announced plans to locate its corporate headquarters in Beachwood, Ohio. The decision was influenced by factors such as location in relation to operations, the thriving business community, and access to talent. The company considered several options and collaborated with various entities to make the decision. Beachwood and the Northeast Ohio Region offer strong logistics, lower cost of doing business, and a robust workforce. Despite the new corporate headquarters, MasterBrand's operations headquarters will remain in Jasper, Indiana.
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MasterBrand, Inc. (NYSE: MBC) reports Q3 2023 net sales decrease of 21.1% year-over-year to $677.3 million, net income increase of 14.4% year-over-year to $59.7 million, and adjusted EBITDA margin increase of 153 basis points year-over-year to 16.2%. The company also increases its 2023 financial outlook.
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FAQ

What is the current stock price of MasterBrand (MBC)?

The current stock price of MasterBrand (MBC) is $16.42 as of November 20, 2024.

What is the market cap of MasterBrand (MBC)?

The market cap of MasterBrand (MBC) is approximately 2.1B.

What does MasterBrand, Inc. specialize in?

MasterBrand, Inc. specializes in manufacturing wood kitchen cabinets for residential use, offering in-stock and special-order cabinetry series.

Where does MasterBrand, Inc. sell its products?

MasterBrand, Inc. sells its products throughout the United States and Canada via dealers, retailers, and builders.

What types of cabinets does MasterBrand, Inc. offer?

MasterBrand, Inc. offers a range of residential cabinetry products for kitchens, bathrooms, and other parts of the home.

How is MasterBrand, Inc.'s financial condition?

MasterBrand, Inc. has a strong financial condition with robust revenue streams and a well-established distribution network.

How does MasterBrand, Inc. ensure product quality?

MasterBrand, Inc. ensures product quality through innovation, sustainable practices, and a commitment to customer satisfaction.

What recent achievements has MasterBrand, Inc. made?

Recent achievements of MasterBrand, Inc. include successful product launches and strategic partnerships.

What is the significance of MasterBrand, Inc. in the cabinetry industry?

MasterBrand, Inc. is a leading name in the cabinetry industry known for its high-quality products and extensive distribution network.

What distribution channels does MasterBrand, Inc. use?

MasterBrand, Inc. uses dealers, retailers, and builders as its primary distribution channels.

Why should customers choose MasterBrand, Inc. products?

Customers should choose MasterBrand, Inc. products for their quality, variety, and the company's commitment to meeting diverse home cabinetry needs.

How can I stay updated on MasterBrand, Inc.'s latest news?

You can stay updated on MasterBrand, Inc.'s latest news by visiting their official website or following stock market websites like StockTitan.

MasterBrand, Inc.

NYSE:MBC

MBC Rankings

MBC Stock Data

2.11B
125.22M
1.5%
93.01%
2.8%
Furnishings, Fixtures & Appliances
Wood Household Furniture, (no Upholstered)
Link
United States of America
BEACHWOOD