MasterBrand Posts $1.04 Billion in Q3 Sales, Swings to Loss

MasterBrand posted $1.0368 billion in net sales and a $9.2 million net loss for the 13 weeks ended Sept. 27, as its third-quarter results included a full quarter of American Woodmark following their May merger. Adjusted diluted earnings per share fell to $0.10 from $0.33 a year earlier. Sales increased 48.3% from $698.9 million in the year-earlier quarter. American Woodmark contributed $355.7 million. MasterBrand completed its merger with the cabinet maker on May 28, making the reported sales comparison reflect a larger combined business than the prior-year period.

Source: TokenPost