MasterBrand, Inc. Provides Earnings Guidance for the Second Half and Full Year of 2023
August 08, 2023 at 04:05 pm EDT
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MasterBrand, Inc. provided earnings guidance for the second half and full year of 2023. Net sales year-over-year decline of mid teens percentage in the second half of 2023.
Net sales outlook remains unchanged for the full year as the company continues to expect softer end market demand in 2023.
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. 
