M&A - MasterBrand, Inc.

Form Type: 10-Q

Filing Date: 2025-05-07

Corporate Action: Acquisition

Type: Update

Accession Number: 000194136525000054

Filing Summary: MasterBrand, Inc. reported its financial results for the quarter ended March 30, 2025. The company experienced net sales of $660.3 million, compared to $638.1 million in the same period last year. Gross profit reported was $202.2 million with net income of $13.3 million, showing a decrease from the prior year. The company also reported an acquisition of Supreme Cabinetry Brands on July 10, 2024, for $520.0 million. This acquisition has broadened MasterBrand's premium cabinetry portfolio and was funded through cash and a revolving credit facility. The company incurred acquisition-related costs of $1.6 million in the quarter. At the end of the reporting period, MasterBrand's total assets were valued at $2,955.8 million and total liabilities were $1,649.1 million. This quarterly filing also highlighted the company's financial adjustments and comprehensive income, which totaled $22.8 million, including a $9.5 million income from other comprehensive sources. The quarterly report summarizes critical financial data and highlights ongoing strategic initiatives to improve market positioning and operational efficiencies.

Form Type: 10-K

Filing Date: 2025-02-19

Corporate Action: Acquisition

Type: New

Accession Number: 000194136525000016

Filing Summary: MasterBrand, Inc. is the largest manufacturer of residential cabinets in North America, having been formed from a tax-free spin-off from Fortune Brands Innovations, Inc. on December 14, 2022. On July 10, 2024, MasterBrand acquired Dura Investment Holdings LLC, the parent company of Supreme Cabinetry Brands, Inc., which strengthens its product offerings in premium cabinetry and expands its manufacturing capabilities. This acquisition enhances MasterBrand’s distribution channels and overall market reach, with Supreme’s facilities located strategically across several states. The company aims to leverage its leading position in the market, focusing on innovation and customer service to drive growth and profitability in the cabinetry segment.