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MasterBrand (MBC) investor relations material
MasterBrand Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Net sales for Q3 2025 were $698.9 million, down 2.7%–3% year-over-year, reflecting soft demand but consistent with expectations, with price and share gains partially offsetting market contraction.
Net income for Q3 2025 was $18.1 million, a 37.8% decrease year-over-year, with a margin of 2.6%.
Adjusted EBITDA was $90.6 million, down 13.3% year-over-year, with a margin of 13.0%, impacted by lower volume and tariffs.
Integration of Supreme Cabinetry Brands is progressing as planned, and the merger with American Woodmark is pending, expected to close in early 2026 and deliver $90 million in run-rate cost synergies by year three post-close.
Free cash flow for the quarter was $40 million, and for the first nine months was $65 million, both down year-over-year due to lower operating cash and higher capex.
Financial highlights
Gross profit for Q3 2025 was $218.2 million (31.2% margin), down 8.3% year-over-year, with margin down 190 basis points due to lower volumes and tariffs.
Operating income for Q3 2025 was $41.7 million, down 27.6% year-over-year.
Diluted EPS for Q3 2025 was $0.14, down from $0.22; adjusted diluted EPS was $0.33, down from $0.40 year-over-year.
For the first nine months of 2025, net sales were $2,090.1 million, up from $2,032.7 million in the prior year, driven by the Supreme acquisition and price/mix improvements.
Net cash provided by operating activities for the first nine months was $108.8 million, down from $176.9 million year-over-year.
Outlook and guidance
Full-year 2025 net sales expected to be approximately flat, with organic sales down mid-single digits and a similar positive contribution from Supreme.
Adjusted EBITDA guidance is $315–$335 million (margin 11.5%–12.0%).
Adjusted diluted EPS guidance is $1.01–$1.13, reflecting tariff impacts and mitigation timing.
Free cash flow for the full year expected to exceed net income.
Demand across new construction and repair/remodel expected to remain subdued through 2026, with gradual improvement anticipated in late 2026 or early 2027.
Viability of Mexico-sourced vanities at 50% tariff?
Post-merger leverage ratio expectations?
How will tariff phasing challenges impact 2026?
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Next MasterBrand earnings date
Q4 202518 Feb, 2026
Next MasterBrand earnings date
Q4 202518 Feb, 2026
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Frequently asked questions
MasterBrand Inc. specializes in the manufacture and sale of residential cabinetry in North America. The company provides a comprehensive portfolio of cabinetry products designed for various areas of the home, including kitchens and bathrooms. These products are available in numerous designs, finishes, and styles ranging from stock to premium cabinetry. MasterBrand markets its products through a broad distribution network, including dealers, retailers, and direct partnerships with builders. This extensive range caters to both remodeling projects and new construction markets across the United States and Canada. Founded in 1954, originally as United Cabinet Incorporated, the company is now headquartered in Jasper, Indiana, and its shares are listed on the New York Stock Exchange.
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