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The latest update is out from MasterBrand Inc ( (MBC) ).
MasterBrand, Inc. announced its fourth quarter and full year 2024 financial results, revealing a 1% decrease in net sales and a significant drop in net income by 61% and 31% respectively for the quarter and full year. The company highlighted the challenges faced due to market volatility during the holiday season, which affected volumes and delayed price increase benefits. Despite these challenges, the integration of the Supreme acquisition and strategic initiatives are set to position the company for future growth. MasterBrand expects mid single-digit percentage increases in net sales for 2025, driven by acquisition-related gains and strategic investments, with a focus on outperforming market demands.
More about MasterBrand Inc
MasterBrand, Inc. is the largest residential cabinet manufacturer in North America, focusing on the home furnishings industry with a specialization in cabinetry solutions.
YTD Price Performance: 15.70%
Average Trading Volume: 938,975
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.15B
For an in-depth examination of MBC stock, go to TipRanks’ Stock Analysis page.
