$MBC
MasterBrand, Inc.
CIK:0001941365|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 28, 2026 |
Jun. 29, 2025 |
Jun. 28, 2026 |
Jun. 29, 2025 |
|
| Income Statement [Abstract] | ||||
| NET SALES | $ 815.2 | $ 730.9 | $ 1,433.2 | $ 1,391.2 |
| Cost of products sold | 609.7 | 491.2 | 1,071.1 | 949.3 |
| GROSS PROFIT | 205.5 | 239.7 | 362.1 | 441.9 |
| Selling, general and administrative expenses | 216.7 | 159.4 | 372.6 | 313.4 |
| Amortization of intangible assets | 7.4 | 6.4 | 13.8 | 12.8 |
| Restructuring charges | 9.2 | 6.6 | 22.0 | 11.3 |
| OPERATING (LOSS) INCOME | (27.8) | 67.3 | (46.3) | 104.4 |
| Interest expense | 20.8 | 18.9 | 39.2 | 38.3 |
| Other income, net | (0.1) | (0.6) | (0.9) | (0.2) |
| (LOSS) INCOME BEFORE TAXES | (48.5) | 49.0 | (84.6) | 66.3 |
| Income tax expense (benefit) | 9.1 | 11.7 | (11.6) | 15.7 |
| NET (LOSS) INCOME | $ (57.6) | $ 37.3 | $ (73.0) | $ 50.6 |
| Average Number of Shares of Common Stock Outstanding | ||||
| Basic (in shares) | 153.6 | 126.8 | 140.6 | 127.2 |
| Diluted (in shares) | 153.6 | 129.1 | 140.6 | 129.9 |
| (Loss) Earnings Per Common Share | ||||
| Basic (in dollars per share) | $ (0.38) | $ 0.29 | $ (0.52) | $ 0.40 |
| Diluted (in dollars per share) | $ (0.38) | $ 0.29 | $ (0.52) | $ 0.39 |
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions |
Jun. 28, 2026 |
Dec. 28, 2025 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 241.6 | $ 183.3 |
| Accounts receivable, net | 247.2 | 150.4 |
| Inventories | 435.6 | 269.1 |
| Other current assets | 137.3 | 93.1 |
| TOTAL CURRENT ASSETS | 1,061.7 | 695.9 |
| Property, plant and equipment, net of accumulated depreciation | 832.6 | 503.1 |
| Operating lease right-of-use assets, net of accumulated amortization | 282.6 | 189.1 |
| Goodwill | 1,318.5 | 1,127.5 |
| Other intangible assets, net of accumulated amortization | 888.6 | 547.7 |
| Other assets | 95.6 | 37.1 |
| TOTAL ASSETS | 4,479.6 | 3,100.4 |
| Current liabilities | ||
| Accounts payable | 249.5 | 203.7 |
| Current portion of long-term debt | 18.8 | 0.0 |
| Current operating lease liabilities | 56.3 | 24.3 |
| Other current liabilities | 279.1 | 187.7 |
| TOTAL CURRENT LIABILITIES | 603.7 | 415.7 |
| Long-term debt | 1,371.5 | 974.5 |
| Deferred income taxes | 270.9 | 171.6 |
| Operating lease liabilities | 243.2 | 175.2 |
| Other non-current liabilities | 21.6 | 18.8 |
| TOTAL LIABILITIES | 2,510.9 | 1,755.8 |
| Contingencies and Accrued Losses (Note 14) | ||
| Equity | ||
| Common stock (par value $0.01 per share; authorized 750.0 million shares; 209.4 million issued and 203.4 million outstanding as of June 28, 2026; 132.6 million issued and 127.2 million outstanding as of December 28, 2025) | 2.0 | 1.3 |
| Paid-in capital | 764.3 | 55.8 |
| Treasury stock, at cost | (78.2) | (70.4) |
| Accumulated other comprehensive (loss) income | (3.5) | 0.8 |
| Retained earnings | 1,284.1 | 1,357.1 |
| TOTAL EQUITY | 1,968.7 | 1,344.6 |
| TOTAL LIABILITIES AND EQUITY | $ 4,479.6 | $ 3,100.4 |