Nov 5, 4:08 PM ET
MasterBrand reported third-quarter 2026 results, with net sales of $1,036.8 million up from $698.9 million a year earlier, largely due to the American Woodmark acquisition, which closed May 28, 2026. The company posted a net loss of $9.2 million, compared with net income of $18.1 million in the prior-year quarter, and it expects a fourth-quarter adjusted diluted loss per share of $(0.12) to $(0.08). For shareholders, sales rose but profit fell, and the outlook supersedes the company's prior second-half 2026 outlook.
- Net sales were $1,036.8 million, including $355.7 million from American Woodmark; legacy MasterBrand net sales fell 2.5% to $681.1 million.
- Net loss was $(9.2) million, or $(0.05) per diluted share, versus net income of $18.1 million, or $0.14 per diluted share, a year earlier; adjusted diluted EPS was $0.10 versus $0.33.
- Fourth-quarter 2026 outlook: net sales of $958 to $988 million and adjusted EBITDA of $38 to $48 million.
- Full-year 2026 free cash flow is expected to be approximately breakeven; no share repurchases were made in the third quarter. Net debt was $1,091.1 million, a 4.3x ratio to trailing adjusted EBITDA.
Read the filing on SEC.gov ↗
Oct 26, 8:53 AM ET
MasterBrand said Chief Financial Officer Andrea Simon stopped serving as CFO effective October 23, 2026, and will stay on in a non-executive advisory role until March 31, 2027. Mark Young, the company's Vice President and Chief Accounting Officer, was appointed Interim CFO while keeping his current role, and the company has started a search for a permanent CFO. The filing says Simon's departure is not related to any disagreement or to the integrity of the company's financial statements.
- Andrea Simon's CFO role ended October 23, 2026; her advisory period runs through March 31, 2027.
- Mark Young, age 49, is Interim CFO and keeps his Vice President and Chief Accounting Officer title.
- Young's interim pay includes a $15,000 monthly stipend and a 30% increase in his annual bonus target, plus a one-time $150,000 retention award payable at the 18-month anniversary of his appointment.
- Simon's separation agreement includes a $165,900 cash payment, conditioned on her staying through March 31, 2027, in exchange for cancelling her integration restricted stock unit award.
Read the filing on SEC.gov ↗
Sep 24, 8:33 AM ET
MasterBrand said its Executive Vice President and Chief Digital and Technology Officer, Navi Grewal, notified the company on September 22, 2026 that she intends to resign effective October 15, 2026, to pursue another opportunity. The company stated the resignation is not related to any disagreement or to its operations, policies, or practices.
- Navi Grewal, EVP and Chief Digital and Technology Officer, to resign effective October 15, 2026
- Notice of intent given to the company on September 22, 2026
- Resignation stated to be unrelated to any disagreement or to company operations, policies, or practices
Read the filing on SEC.gov ↗
Aug 4, 4:06 PM ET
MasterBrand reported a second-quarter 2026 net loss of $57.6 million, compared with net income of $37.3 million a year earlier, as the American Woodmark merger, which closed May 28, 2026, added $125.5 million of net sales. Legacy MasterBrand net sales fell 5.6% and legacy adjusted EBITDA dropped to $58.2 million from $105.4 million, and the company introduced second-half 2026 guidance for the combined company.
- Q2 2026 net sales were $815.2 million, including $125.5 million from American Woodmark; legacy net sales were $689.7 million, down 5.6%.
- Diluted loss per share was $(0.38) versus $0.29 a year earlier; adjusted diluted EPS was $0.05 versus $0.40.
- Second-half 2026 outlook: net sales of $2.05 to $2.11 billion, adjusted EBITDA of $129 to $149 million, and adjusted diluted EPS of $(0.05) to $0.03.
- No share repurchases in Q2 2026; the company targets net leverage below 2.0x by the end of 2028 and expects over $100 million in annual run-rate cost synergies by the end of year three after the close.
Read the filing on SEC.gov ↗
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