MASTERBRAND INC Reports Q2 FY2023 Earnings Results on June 30, 2023
August 17, 2023
🌥️Earnings Overview
MASTERBRAND INC ($NYSE:MBC) reported total revenue of USD 695.1 million for the second quarter of FY2023, which ended August 8 2023, representing a decrease of 18.8% compared to the same period in the previous year. Net income was reported at USD 51.2 million, a year-over-year increase of 25.2%. These results were reported on June 30 2023.
Stock Price
On Tuesday, June 30, 2023, MASTERBRAND INC released their Q2 FY2023 earnings results. The stock opened at $12.2 and closed at $12.5, representing an increase of 1.1% from the prior closing price of $12.4. The company reported strong earnings, surpassing market expectations. Analysts were generally positive on the company’s performance in Q2 FY2023.
They noted that MASTERBRAND INC had managed to maintain its competitive position in the industry despite the challenging macroeconomic environment. Overall, MASTERBRAND INC reported strong earnings results for Q2 FY2023, with revenues and net income increasing compared to the same quarter last year. This has been a positive sign for investors as the company continues to demonstrate resilience and strength in an increasingly competitive market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Masterbrand Inc. More…
| Total Revenues | Net Income | Net Margin |
| 3.01k | 153.7 | 6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Masterbrand Inc. More…
| Operations | Investing | Financing |
| 353.5 | -45 | -317.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Masterbrand Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.42k | 1.32k | 8.65 |
Key Ratios Snapshot
Some of the financial key ratios for Masterbrand Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.1% | 12.1% | 8.4% |
| FCF Margin | ROE | ROA |
| 10.2% | 14.6% | 6.5% |
Analysis
GoodWhale has conducted an analysis of MASTERBRAND INC‘s financials, and have determined that it is a medium risk investment. Our Risk Rating system takes into account financial and business aspects when rating investments, and MASTERBRAND INC falls into the medium risk category. In our analysis, we have also discovered one risk warning in the balance sheet. If you would like to find out more, please register with us to get access to this information. More…
Peers
MasterBrand Inc is an industry giant in the hardware market, competing for market share with Richelieu Hardware Ltd, Belysse Group NV, and Mohawk Industries Inc. All four companies are engaged in an intense battle for dominance, driven by a commitment to innovation and led by savvy executives. Each company is striving to develop the best products at competitive prices to gain an edge over its rivals. As the competition intensifies, there is no doubt that the future of the hardware market will be shaped by these four powerful companies.
– Richelieu Hardware Ltd ($TSX:RCH)
Richelieu Hardware Ltd is a leading distributor and manufacturer of specialty hardware and related products in North America. As of 2023, Richelieu Hardware Ltd has a market cap of 2.1 billion and a Return on Equity (ROE) of 18.76%. The company’s high ROE reflects its strong competitive position in the market, which has allowed it to generate higher returns on its investments. The market cap of 2.1 billion indicates that investors have placed a high value on Richelieu’s stock, given its strong financial performance and perceived potential for long-term growth.
– Belysse Group NV ($LTS:0RQK)
Belysse Group NV is an international provider of innovative energy solutions. With a market cap of 39.54M as of 2023, they have been able to establish themselves as a leader in the energy industry. Their Return on Equity of 12.55% is highly impressive and highlights their commitment to delivering the highest quality products and services to their customers. With their vast expertise and understanding of the energy industry, they are well positioned to continue to grow and generate significant returns for their shareholders.
– Mohawk Industries Inc ($NYSE:MHK)
Mohawk Industries Inc is a leading global flooring manufacturer that produces and distributes a wide variety of flooring products, including carpet, rugs, ceramic tile, laminate, wood, luxury vinyl tiles, and other related products. As of 2023, the company has a market capitalization of 6 billion dollars, which makes it one of the most highly valued companies in the industry. The company also boasts an impressive Return on Equity of 1.86%, demonstrating that it is consistently able to generate returns for its shareholders. By offering an extensive selection of quality flooring products at competitive prices, Mohawk Industries Inc has established itself as a leader in the flooring industry.
Summary
MASTERBRAND INC reported its earnings results for the second quarter of FY2023, ending August 8 2023. Total revenue declined 18.8% year over year to USD 695.1 million, while net income grew 25.2% to USD 51.2 million. This was a combined result of strategic initiatives to reduce expenses and improve operational efficiency.
Investors may find opportunities in MASTERBRAND INC, given the company’s strong performance despite the challenging macroeconomic environment. Further analysis is recommended to evaluate the company’s future prospects and potential return on investment.
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