MasterBrand Q3 sales rise 6% to $718.1 million; net income falls 51.3%
MasterBrand reported third-quarter 2024 results for the quarter ended September 29, 2024. Net sales rose 6% to $718.1 million, helped by the Supreme acquisition, while net income fell 51.3% to $29.1 million and diluted EPS fell to $0.22 from $0.46. The company reiterated its full-year 2024 outlook, which includes adjusted EBITDA of $385 million to $405 million, so shareholders face profit pressure with no change to guidance.
Key points
- Net sales were $718.1 million, up 6%; the Supreme acquisition added 9% growth and lower average selling price reduced sales by 3%.
- Diluted EPS was $0.22 versus $0.46 a year earlier; adjusted diluted EPS was $0.40 versus $0.49.
- Full-year 2024 outlook reiterated: adjusted EBITDA of $385 million to $405 million and adjusted diluted EPS of $1.50 to $1.62.
- Net debt was $953.9 million at September 29, 2024, and the company did not repurchase shares in the quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.