MasterBrand, Inc.
Business
MasterBrand, Inc. is the largest manufacturer of residential cabinets in North America, offering stock, semi-custom, and premium cabinetry for kitchens, bathrooms, and other home spaces. The company sells through three primary channels—dealers (7,900+ partners), retailers (including major continental players), and builders—across the United States and Canada. Operating subsidiaries include MasterBrand Cabinets, Bertch Cabinet, Dura Supreme, Kitchen Craft of Canada, Norcraft Companies, and Woodcrafters, serving repair-and-remodel and new construction markets with product portfolios spanning entry-level to customized designs.
Summary from 10-K filed 2026-02-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| NET SALES | 2,735 | 2,700 | 2,726 | 3,276 | 2,855 | |
| Cost of products sold | 1,907 | 1,823 | 1,825 | 2,335 | 2,071 | |
| GROSS PROFIT | 828 | 877 | 901 | 941 | 784 | |
| Selling, general and administrative expenses | 668 | 603 | 570 | 649 | 528 | |
| Amortization of intangible assets | 26 | 20 | 15 | 17 | 18 | |
| Restructuring charges | 15 | 18 | 10 | 25 | 4 | |
| OPERATING INCOME | 119 | 236 | 306 | 203 | 234 | |
| Interest expense | 74 | 74 | 65 | 2 | — | |
| Gain on sale of asset | 0 | −4 | 0 | 0 | — | |
| Other (income) expense, net | −1 | −2 | 2 | 600,000 | 600,000 | |
| INCOME BEFORE TAXES | 46 | 168 | 239 | 213 | 238 | |
| Income tax expense | 20 | 42 | 57 | 58 | 56 | |
| NET INCOME | 27 | 126 | 182 | 155 | 183 | |
| Basic (in shares) | 127 | 127 | 128 | 128 | 128 | |
| Diluted (in shares) | 129 | 131 | 130 | 129 | 128 | |
| Basic (in dollars per share) | 0.21 | 0.99 | 1.42 | 1.21 | 1.43 | |
| Diluted (in dollars per share) | 0.21 | 0.96 | 1.4 | 1.2 | 1.43 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 183 | 121 | 149 | 101 | — | |
| Accounts receivable, net | 150 | 191 | 203 | 290 | — | |
| Inventories | 269 | 276 | 250 | 373 | — | |
| Other current assets | 93 | 63 | 76 | 66 | — | |
| TOTAL CURRENT ASSETS | 696 | 651 | 677 | 830 | — | |
| Property, plant and equipment, net of accumulated depreciation | 503 | 482 | 357 | 353 | — | |
| Operating lease right-of-use assets, net of accumulated amortization | 189 | 66 | 60 | 52 | — | |
| Goodwill | 1,128 | 1,126 | 925 | 924 | 926 | |
| Other intangible assets, net of accumulated amortization | 548 | 571 | 336 | 350 | — | |
| Other assets | 37 | 34 | 27 | 21 | — | |
| TOTAL ASSETS | 3,100 | 2,930 | 2,382 | 2,529 | — | |
| Accounts payable | 204 | 181 | 151 | 219 | — | |
| Current operating lease liabilities | 24 | 20 | 16 | 14 | — | |
| Other current liabilities | 188 | 195 | 164 | 161 | — | |
| TOTAL CURRENT LIABILITIES | 416 | 395 | 349 | 411 | — | |
| Long-term debt | 975 | 1,008 | 690 | 962 | — | |
| Deferred income taxes | 172 | 159 | 84 | 87 | — | |
| Pension and other postretirement plan liabilities | 4 | 3 | 8 | 12 | — | |
| Operating lease liabilities | 175 | 55 | 46 | 41 | — | |
| Other non-current liabilities | 15 | 15 | 11 | 7 | — | |
| TOTAL LIABILITIES | 1,756 | 1,635 | 1,188 | 1,520 | — | |
| Commitments (Note 16) and Contingencies and Accrued Losses (Note 17) | — | — | — | — | — | |
| Common stock (par value $0.01 per share; authorized 750.0 million shares; 132.6 million shares issued and 127.2 million outstanding as of December 28, 2025; 130.9 million shares issued and 127600000 million outstanding as of December 29, 2024) | 1 | 1 | 1 | 1 | — | |
| Paid-in capital | 56 | 40 | 18 | 0 | — | |
| Treasury stock, at cost | −70 | −44 | −26 | −100,000 | — | |
| Accumulated other comprehensive income (loss) | 800,000 | −33 | −4 | −15 | — | |
| Retained earnings | 1,357 | 1,330 | 1,205 | 1,023 | — | |
| TOTAL EQUITY | 1,345 | 1,295 | 1,194 | 1,009 | 2,454 | |
| TOTAL LIABILITIES AND EQUITY | 3,100 | 2,930 | 2,382 | 2,529 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 68 | 57 | 49 | 47 | 44 | |
| Restructuring charges, net of cash payments | −2 | 11 | −9 | 13 | −400,000 | |
| Write-off and amortization of finance fees | 3 | 9 | 2 | 0 | 0 | |
| Stock-based compensation | 16 | 22 | 18 | 11 | 9 | |
| Provision for bad debt | 18 | 400,000 | 2 | — | — | |
| Recognition of actuarial losses and settlement charges | −400,000 | 3 | 3 | 900,000 | −200,000 | |
| Deferred taxes | 13 | 5 | −6 | 2 | −8 | |
| Accounts receivable | 24 | 21 | 86 | 14 | −72 | |
| Inventories | 8 | −11 | 124 | −70 | −59 | |
| Other current assets | −22 | −6 | 2 | −5 | −2 | |
| Accounts payable | 16 | 24 | −69 | 18 | 45 | |
| Accrued expenses and other current liabilities | 4 | 3 | 17 | 2 | 3 | |
| Other items | −700,000 | 8 | −10 | −16 | −13 | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 196 | 292 | 406 | 236 | 148 | |
| Capital expenditures | −78 | −81 | −57 | −56 | −52 | |
| Proceeds from the disposition of assets | 4 | 15 | 400,000 | 0 | 100,000 | |
| Acquisition of business, net of cash acquired | 0 | −515 | 0 | 0 | — | |
| NET CASH USED IN INVESTING ACTIVITIES | −74 | −581 | −57 | −56 | −52 | |
| Proceeds from revolving credit facility borrowings | 240 | 470 | 255 | 235 | — | |
| Issuance of long-term debt | 0 | 700 | 0 | 750 | 0 | |
| Repayment of revolving credit facility borrowings | −275 | −150 | −490 | — | — | |
| Repayment of term loan | 0 | −713 | −38 | — | — | |
| Payment of financing fees | −2 | −18 | 0 | −10 | — | |
| Repurchase of common stock | −18 | −7 | −22 | 0 | 0 | |
| Payments of employee taxes withheld from share-based awards | −8 | −11 | −4 | −100,000 | 0 | |
| Other items | −3 | −2 | −1 | −500,000 | −500,000 | |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | −66 | 270 | −300 | −215 | −110 | |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 7 | −8 | −1 | −5 | 100,000 | |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 62 | −27 | 48 | −40 | −13 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MasterBrand, Inc.'s CIK number?
MasterBrand, Inc.'s SEC CIK number is 0001941365 (1941365). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MasterBrand, Inc.'s SEC filings?
All of MasterBrand, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MasterBrand, Inc. last report earnings?
MasterBrand, Inc. (MBC) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001941365-26-000054). This is MasterBrand, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is MasterBrand, Inc.'s most recent earnings 8-K?
MasterBrand, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001941365-26-000054. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MasterBrand, Inc.'s latest earnings 8-K →
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