MBC News & Events

MasterBrand (MBC) is acquiring American Woodmark (AMWD) in a deal expected to close May 29, pending final closing conditions.

Reports Q1 revenue $618.0M, two estimates $591.4M. "Our first quarter results reflect our disciplined focus on our near-term priorities. We delivered performance in line with our outlook while managing cost pressures and navigating an uncertain macroeconomic environment that continued to weigh on demand," said Dave Banyard, President and Chief Executive Officer. "We anticipate our pending combination with American Woodmark to close in the second calendar quarter of 2026, and we remain confident that we are building the right strategic and financial foundation to position MasterBrand for future growth as demand recovers."

The company states: "For full year 2026, MasterBrand is reiterating its expectation that its addressable market will be down mid-single digits. The Company also continues to expect the following: gross tariff costs of approximately 5-6% of 2026 net sales; Interest expense to be flat to down year-over-year; Free cash flow to be in excess of 2026 net income. The Company is not reiterating its prior outlook for effective tax rate improvement for the full year of 2026. MasterBrand now expects its full year 2026 effective tax rate to be elevated relative to the prior year, primarily reflecting the impact of non-deductible deal-related expenses associated with the pending merger with American Woodmark."

Sees Q2 sales "year-over-year decrease of mid-single-digit to high-single-digit percentage." Consensus $698.7M.