MasterBrand reported Q4 2025 results with a decline in net sales, a GAAP net loss, and lower profitability as softer demand, tariffs, and cost pressures weighed on margins despite ongoing pricing and cost actions.

MasterBrand experienced a challenging third quarter in 2025, with net sales decreasing by 2.7% to $698.9 million and net income falling to $18.1 million from $29.1 million in the prior year. The company's profitability margins, including net income margin and adjusted EBITDA margin, also saw declines due to lower volume, unfavorable fixed cost leverage, and tariffs. Despite these headwinds, MasterBrand maintained disciplined execution of strategic initiatives and updated its full-year 2025 financial outlook.

MasterBrand delivered a strong second quarter with an 8% year-over-year increase in net sales, reaching $730.9 million, primarily driven by the Supreme acquisition and share gains in new construction. However, net income decreased by 18% to $37.3 million, and adjusted EBITDA remained flat at $105.4 million, with both margins declining. The company also announced a transformative merger agreement with American Woodmark.

MasterBrand, the largest residential cabinet manufacturer in North America, reported mixed results for the first quarter of 2025. While net sales increased by 3% year-over-year, driven by the Supreme acquisition, the company experienced a substantial decrease in net income and adjusted EBITDA, attributed to weaker end market demand, higher expenses from the acquisition, and unfavorable fixed cost leverage. The company also updated its full-year 2025 financial outlook, anticipating a low single-digit decrease in net sales.

MasterBrand's Q4 2024 net sales decreased 1% year-over-year to $667.7 million, driven by a 6% volume decline and a 4% lower average selling price, partially offset by a 9% increase from the Supreme acquisition. Net income dropped 61% to $14.0 million, primarily due to lower gross profit margins, higher interest expenses, and acquisition-related costs. Adjusted EBITDA declined to $74.6 million, with an adjusted EBITDA margin of 11.2%. Adjusted diluted EPS stood at $0.21, down from $0.35 in Q4 2023.

MasterBrand reported a 6.0% increase in net sales to $718.1 million, driven by the Supreme acquisition, but experienced a decrease in net income to $29.1 million and a decline in adjusted EBITDA margin to 14.6%. The company reiterates its 2024 financial outlook.

MasterBrand reported a slight decrease in net sales but achieved an increase in adjusted EBITDA margin and generated strong free cash flow. The company's performance was driven by strategic initiatives and the acquisition of Supreme Cabinetry Brands, contributing to confidence in outperforming the market and achieving long-term financial targets.

MasterBrand reported a 5.7% decrease in net sales to $638.1 million, but net income increased to $37.5 million. The company saw an adjusted EBITDA margin expansion to 12.4% and generated $11.7 million in free cash flow. MasterBrand reiterated its 2024 financial outlook.

MasterBrand reported Q4 2023 net sales of $677.1 million, a 14% decrease year-over-year, but net income increased 134% year-over-year to $36.1 million. The adjusted EBITDA margin increased 20 basis points year-over-year to 12.7%.

MasterBrand reported a decrease in net sales but an increase in net income and adjusted EBITDA margin for the third quarter of 2023. The company is raising its adjusted EBITDA and related margin outlook for the full year 2023 based on stronger than expected performance in the third quarter of 2023.

MasterBrand reported a decrease in net sales but an increase in net income and adjusted EBITDA margin in Q2 2023. The company's performance was driven by execution on key strategic initiatives and disciplined use of The MasterBrand Way.

MasterBrand reported a 5% increase in net sales, reaching $784.4 million, and an adjusted EBITDA margin expansion of 350 basis points to 12.5% for the fourth quarter of 2022. Net income decreased by 56% to $15.4 million due to separation costs, restructuring charges, and trade name impairments.