Masterbrand, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023
November 07, 2023 at 04:10 pm EST
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MasterBrand, Inc. provided earnings guidance for the fourth quarter of 2023. For the period, the company expects Net sales year-over-year decline of mid teens percentage in the fourth quarter of 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.