MasterBrand posts first-quarter net loss of $15.4 million on 6.4% sales decline
MasterBrand reported first-quarter 2026 net sales of $618.0 million, down 6.4% from a year earlier, and a net loss of $15.4 million, compared with net income of $13.3 million in the prior-year quarter. Adjusted EBITDA fell to $28.0 million from $67.1 million, and the company now expects its full-year 2026 effective tax rate to be elevated, citing non-deductible costs tied to its pending combination with American Woodmark.
Key points
- Net sales were $618.0 million, down from $660.3 million, following a mid-single-digit market decline and slower housing completions.
- Net loss was $(15.4) million versus net income of $13.3 million; diluted EPS was $(0.12) and adjusted diluted EPS was $0.06, compared with $0.18.
- Second-quarter 2026 adjusted EBITDA is guided to $51 million to $61 million, with adjusted diluted EPS of $0.03 to $0.13.
- The company is no longer reiterating its prior outlook for full-year effective tax rate improvement; the merger with American Woodmark is expected to close in the second calendar quarter of 2026.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing 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 May 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.