Quarterly ResultAug 4, 2026, 04:15 PM
MasterBrand Completes American Woodmark Merger; Q2 Net Loss $(57.6)M
AI Summary
MasterBrand, Inc. announced its second quarter 2026 financial results, which included the completion of its transformative merger with American Woodmark on May 28, 2026. The company reported net sales of $815.2 million, a net loss of $(57.6) million, and adjusted diluted EPS of $0.05. MasterBrand also raised its long-term annual run-rate cost synergy target to over $100 million and provided a second-half 2026 financial outlook, reflecting the combined entity and ongoing integration efforts.
Key Highlights
- Completed transformative merger with American Woodmark on May 28, 2026.
- Raised annual run-rate cost synergy target to over $100 million by end of year three post-close.
- Reported Q2 2026 net sales of $815.2 million, including $125.5 million from American Woodmark.
- Recorded a net loss of $(57.6) million and adjusted EBITDA of $62.5 million for Q2 2026.
- Diluted loss per share was $(0.38), with adjusted diluted EPS at $0.05.
- Introduced H2 2026 net sales outlook of $2.05-$2.11 billion and adjusted EBITDA of $129-$149 million.
- Targeting net leverage below 2.0x by the end of 2028.
- Executed $30 million of annualized cost synergies as of the end of July.
Price Impact
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