Quarterly ResultMay 5, 2026, 04:18 PM
MasterBrand Q1 Net Sales Down 6.4% to $618M; Reports Net Loss
AI Summary
MasterBrand, Inc. reported a challenging first quarter for 2026, with net sales decreasing 6.4% year-over-year to $618.0 million and a net loss of $(15.4) million. Adjusted EBITDA also saw a significant decline to $28.0 million, reflecting lower volume, unfavorable mix, inflation, and tariffs. The company provided a negative outlook for the second quarter, expecting further sales declines and elevated effective tax rates due to deal-related expenses, while reiterating its full-year market expectations and progress on cost reduction and tariff mitigation efforts. The pending merger with American Woodmark is anticipated to close in the second calendar quarter of 2026.
Key Highlights
- Net sales decreased 6.4% year-over-year to $618.0 million in Q1 2026.
- Net loss was $(15.4) million, down from $13.3 million net income in Q1 2025.
- Adjusted EBITDA decreased 58.3% year-over-year to $28.0 million, with margin at 4.5%.
- Diluted loss per share was $(0.12), compared to $0.10 earnings per share in Q1 2025.
- Adjusted diluted earnings per share were $0.06, down from $0.18 in Q1 2025.
- Company expects Q2 2026 net sales to decrease mid-single-digit to high-single-digit percentage.
- Q2 2026 Adjusted EBITDA is projected between $51 million and $61 million.
- The pending merger with American Woodmark is expected to close in Q2 2026.