None
EN
MasterBrand Q2 Earnings Call Highlights
['Tristan Rich']
Markets Daily
Legacy MasterBrand adjusted EBITDA was $58.2 million, down from $105.4 million in the year-earlier period, while adjusted EBITDA margin fell 600 basis points to 8.4%.
Banyard said the combined company has overlapping capabilities, products and excess manufacturing capacity, and that it plans to apply the same network-optimization approach used by legacy MasterBrand.
MasterBrand expects full-year tariff exposure of approximately 5% to 6% of net sales and said it aims to fully offset that exposure on a dollar-for-dollar run-rate basis by year-end.
MasterBrand ended the quarter with $241.6 million in cash and $393.9 million available under its revolving credit facility.
MasterBrand expects second-half adjusted diluted earnings per share ranging from a loss of $0.05 to earnings of $0.03, with interest expense of about $50 million.