AcquisitionsAug 5, 2026, 01:44 PM
MasterBrand Completes American Woodmark Acquisition for $1.06B; Q2 Net Loss $(57.6)M
AI Summary
MasterBrand, Inc. completed its acquisition of American Woodmark for $1.06 billion on May 28, 2026, significantly expanding its product portfolio. For the second quarter of 2026, the company reported a net loss of $(57.6) million, or $(0.38) diluted EPS, a substantial decline from the prior year's net income, despite an 11.5% increase in net sales to $815.2 million. The acquisition contributed to a significant increase in total assets and liabilities, and the company also received $1.2 million in tariff refunds during the quarter.
Key Highlights
- Completed acquisition of American Woodmark for $1.06 billion on May 28, 2026.
- Q2 2026 Net Sales increased 11.5% to $815.2 million from $730.9 million YoY.
- Q2 2026 Net Loss was $(57.6) million, compared to Net Income of $37.3 million in prior year.
- Q2 2026 Diluted EPS was $(0.38), down from $0.29 in the prior year quarter.
- Total Assets increased to $4.48 billion as of June 28, 2026, from $3.10 billion at year-end 2025.
- Net cash provided by operating activities decreased to $5.8 million for 26 weeks ended June 28, 2026.
- Issued 75 million common shares and a $375 million Term Loan A to fund the acquisition.
- Received $1.2 million in tariff refunds during Q2 2026, with an additional $9.2 million post-quarter.
Price Impact
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