MasterBrand Q1 sales fall on weak housing demand

Masterbrand

05/05/2026 21:28

Overview

US cabinet maker's Q1 net sales fell 6.4% yr/yr on weaker housing completions

Adjusted EPS for Q1 dropped to $0.06 from $0.18 a year earlier

Company cited inflation, tariffs, and unfavorable mix as key margin pressures, partly offset by cost actions

Outlook

MasterBrand expects Q2 net sales to decline mid- to high-single-digit percentage year-over-year

Company sees Q2 adjusted EBITDA between $51 mln and $61 mln, margin 7.8%-8.8%

MasterBrand expects Q2 adjusted diluted EPS between $0.03 and $0.13, with elevated tax rate uncertainty

Result Drivers

WEAK DEMAND - Co said lower sales reflected a mid-single-digit market decline and slower housing completions

MARGIN PRESSURE - Inflation in materials, personnel, utilities and higher tariffs drove down margins

Company press release: ID:nBw9mx3P1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$618 mln
$616.05 mln (2 Analysts)
Q1 Adjusted EPS
$0.06
$0.04 (2 Analysts)
Q1 Net Loss
$15.40 mln
Q1 Gross Margin
25.30%
Q1 Operating Loss
$18.50 mln
Q1 Loss Before Taxes
$36.10 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for Masterbrand Inc is $11.59, about 41.8% above its May 4 closing price of $8.17

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)