MasterBrand

MasterBrand reported adjusted earnings per share of $0.05 for Q2 on revenue of $815.2 million, well below the consensus estimate of $0.47, and the stock fell 14.9% after hours to $8.07. Margin pressure from weaker demand, a shift in the mix toward lower-priced products, and higher freight and material costs weighed on results; the merged company's adjusted EBITDA was $62.5 million (margin 7.7%). MasterBrand completed its merger with American Woodmark at the end of May, now expects more than $100 million in annual cost synergies by year three, and forecasts net sales of $2.05–2.11 billion and adjusted EBITDA of $129–149 million for the second half. Management sees no demand recovery in 2026 and plans cost-cutting and portfolio adjustments, while net debt remains at $1.15 billion. » More on de.investing.com

MasterBrand and American Woodmark have completed their merger by share exchange; American Woodmark shareholders received 5,150 MasterBrand shares for each common share. The former MasterBrand shares represent about 63% of the combined company, which will operate under MasterBrand, Inc. and trade on the NYSE under the ticker MBC; American Woodmark will be delisted and is now a wholly owned subsidiary. The company expects annual cost synergies of around $90 million by the end of the third year and anticipates the transaction will be accretive to adjusted diluted earnings per share from the second year. Dave Banyard remains president and CEO, and three former directors of American Woodmark joined the board. » More on de.investing.com

MasterBrand missed expectations in Q1 2026 with EPS of $0.06 versus $0.27 expected and revenue of $618 million (down 6.4% year‑on‑year). Adjusted EBITDA shrank to $28 million, and the company posted a net loss of $15.4 million. After the announcement the stock fell about 5.8% in after‑hours trading. Management attributes the weakness to lower demand, tariff costs, inflationary pressure and a contraction in the housing market, and announced cost‑cutting and margin measures. » More on de.investing.com