MasterBrand, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 25, 2023
August 08, 2023 at 04:05 pm EDT
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MasterBrand, Inc. reported earnings results for the second quarter and six months ended June 25, 2023. For the second quarter, the company reported sales was USD 695.1 million compared to USD 855.6 million a year ago. Net income was USD 51.2 million compared to USD 40.9 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 0.32 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.32 a year ago.
For the six months, sales was USD 1,371.8 million compared to USD 1,632.7 million a year ago. Net income was USD 86.2 million compared to USD 87.9 million a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to USD 0.69 a year ago.
MasterBrand, Inc. is a manufacturer of residential cabinets in North America and offers a comprehensive portfolio of residential cabinetry products for the kitchen, bathroom and other parts of the home. The Company's products are available in a variety of designs, finishes and styles and span various categories of the cabinets market, such as stock, semi-custom and premium cabinetry. The Company's products are sold throughout the United States and Canada to the remodeling and new construction markets through three primary channels: dealers, retailers and builders. Its retail sales occur in-store and through various e-commerce channels, including its retail channel partners' online presence. The Company partners with regional and large-scale builders for single-family construction throughout North America, serving them directly or through a distribution network, allowing it to customize its service to each builder's requirements. The Company's brands include Mantra, Diamond and Omega.
MASTERBRAND, INC. 
