--- title: "Masterbrand | 8-K: FY2026 Q2 Revenue: USD 815.2 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294866630.md" datetime: "2026-08-04T20:24:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294866630.md) - [en](https://longbridge.com/en/news/294866630.md) - [zh-HK](https://longbridge.com/zh-HK/news/294866630.md) --- # Masterbrand | 8-K: FY2026 Q2 Revenue: USD 815.2 M Revenue: As of FY2026 Q2, the actual value is USD 815.2 M. EPS: As of FY2026 Q2, the actual value is USD -0.38. EBIT: As of FY2026 Q2, the actual value is USD -27.7 M. MasterBrand, Inc. reported its second quarter 2026 financial results, which included figures from American Woodmark following a merger on May 28, 2026, with prior year comparisons reflecting legacy MasterBrand, Inc. only . #### Second Quarter 2026 Financial Performance - **Net Sales**: Total net sales were $815.2 million, an increase of 11.5% from $730.9 million in the second quarter of 2025 . American Woodmark contributed $125.5 million to net sales . Legacy MasterBrand, Inc.’s net sales were $689.7 million, a decrease of 5.6% compared to the second quarter of 2025 . - **Gross Profit**: Gross profit reached $205.5 million, including a $16.7 million contribution from American Woodmark . This represents a decrease of -14.3% from $239.7 million in the prior year . The gross profit margin was 25.2%, a decrease of -760 basis points from 32.8% . Legacy MasterBrand, Inc.’s gross profit was $188.8 million, and its gross profit margin decreased 540 basis points to 27.4% from 32.8% in the second quarter of 2025 . - **Net (Loss) Income**: The company reported a net loss of - $57.6 million, with American Woodmark contributing - $28.9 million, resulting in a net loss margin of -7.1% . This was a decrease of -254.4% from a net income of $37.3 million in the prior year . Legacy MasterBrand, Inc. had a net loss of - $28.7 million, compared to a net income of $37.3 million in the second quarter of 2025, and its net loss margin was -4.2% compared to a net income margin of 5.1% in the prior year . - **Operating (Loss) Income**: Operating loss for the quarter was - $27.8 million, a decrease from an operating income of $67.3 million in the prior year period . - **Adjusted EBITDA**: Adjusted EBITDA was $62.5 million, including a $4.3 million contribution from American Woodmark . The adjusted EBITDA margin was 7.7%, a decrease of -680 basis points from 14.4% in the prior year . Legacy MasterBrand, Inc.’s adjusted EBITDA was $58.2 million, a decrease from $105.4 million in the prior year period, and its adjusted EBITDA margin was 8.4%, down 600 basis points . - **Operational Costs**: SG&A was $216.7 million, an increase of 35.9% from $159.4 million in Q2 2025 . Interest expense was $20.8 million, up from $18.9 million in the prior year . Income tax expense was $9.1 million, compared to $11.7 million in the prior year . Depreciation and amortization expense was $34.4 million, compared to $24.2 million in the prior year . Restructuring charges were $9.2 million, up from $6.6 million in the prior year . Acquisition-related costs were $38.4 million, significantly higher than $1.9 million in the prior year, primarily due to the American Woodmark acquisition . #### Twenty-Six Weeks Ended June 28, 2026 Financial Performance - **Net (Loss) Income**: Net loss for the twenty-six weeks was - $73.0 million, compared to a net income of $50.6 million in the prior year period . - **Adjusted EBITDA**: Adjusted EBITDA was $90.5 million, down from $172.5 million in the prior year period . - **Cash Flow from Operating Activities**: Net cash provided by operating activities was $5.8 million, a decrease of -89.1% from $53.4 million for the twenty-six weeks ended June 29, 2025 . - **Free Cash Flow**: Free cash flow was - $17.6 million, a decrease of -169.0% from $25.5 million in the prior-year period . - **Capital Expenditures**: Capital expenditures were - $23.4 million, compared to - $27.9 million in the prior year period . - **Acquisition of Business, Net of Cash Acquired**: This activity resulted in a cash outflow of - $330.3 million . #### Balance Sheet Metrics (as of June 28, 2026) - **Cash and Cash Equivalents**: The company held $241.6 million in cash and cash equivalents . Unrestricted cash was $241.6 million . - **Total Debt**: Total debt was $1,390.3 million, compared to $998.7 million as of June 29, 2025 . - **Net Debt**: Net debt was $1,148.7 million, compared to $878.6 million as of June 29, 2025 . - **Net Debt to Adjusted EBITDA Ratio**: The ratio of net debt to adjusted EBITDA for the trailing twelve months was 3.9x, compared to 2.5x as of Q2 2025 . The company is on track towards a target of below 2.0x by the end of 2028 . - **Covenant Net Leverage**: Covenant net leverage was 3.4x, compared to 2.4x as of Q2 2025 . - **Covenant Interest Coverage**: Covenant interest coverage was 5.1x, compared to 5.0x as of Q2 2025 . - **Total Liquidity**: Total liquidity was $635.5 million, including $393.9 million in revolver availability . #### Combined Company Financial Profile (Q2 2026 Trailing Twelve Months) - **Net Revenue**: $4.1 billion . - **Adjusted EBITDA**: $294.5 million . - **Adjusted EBITDA Margin**: 7.2% . #### Operational Highlights and Synergies MasterBrand, Inc. completed its merger with American Woodmark on May 28, 2026 . The company has completed approximately $30 million of annual synergy actions as of the end of July . MasterBrand, Inc. raised its combined-company annual run-rate cost synergy target to over $100 million, expected by the end of year three following the merger close . $15 million of savings from executed cost synergies are expected in the second half of 2026 . #### Outlook and Guidance MasterBrand, Inc. has introduced its financial outlook for the second half of 2026, reflecting the combined company including American Woodmark for the full period . The company expects net sales of $2.05 billion to $2.11 billion, and adjusted EBITDA between $129 million and $149 million, with an anticipated margin of 6.3% to 7.1% . Adjusted diluted earnings per share is forecasted to range from - $0.05 to $0.03, incorporating $15 million of synergy capture and approximately $11 million in IEEPA duty refunds . For the full year 2026, MasterBrand, Inc. reiterates its expectation for a mid-single-digit decline in its addressable market and anticipates free cash flow to exceed net income . ### Related Stocks - [MBC.US](https://longbridge.com/en/quote/MBC.US.md) ## Related News & Research - [MasterBrand (MBC) Q2 2026 Earnings Call Transcript](https://longbridge.com/en/news/295602972.md) - [MasterBrand Posts Q1 Loss, Launches Cost-Cutting Measures](https://longbridge.com/en/news/285265391.md) - [MasterBrand CEO & President Purchased Shares Worth Over $505K](https://longbridge.com/en/news/288489129.md) - [MasterBrand (MBC) Trailing Loss Of US$2 Million Reinforces Bearish Profitability Narratives](https://longbridge.com/en/news/285471402.md) - [MasterBrand FY26 Q2 swings to net loss of $57.6 million; adjusted EBITDA drops 40.7% to $62.5 million](https://longbridge.com/en/news/294865186.md)