MasterBrand, Inc. reported a modest increase in net sales for the fiscal year ending December 28, 2025, reaching $2.73 billion, up 1.3% from $2.70 billion in the previous year. The growth was primarily attributed to the acquisition of Supreme Cabinetry, which contributed $131.5 million in sales during the first half of 2025. However, excluding this acquisition, the company experienced a decline in sales volume, which decreased by $156.5 million, reflecting weaker demand in the repair and remodel markets. The cost of products sold also rose by 4.6% to $1.91 billion, leading to a gross profit of $827.6 million, down 5.6% from the prior year.
The company's operating income saw a significant decline of 49.5%, falling to $119 million from $235.7 million in 2024. This drop was influenced by a 10.7% increase in selling, general, and administrative expenses, which totaled $667.8 million, driven by higher associate-related costs and investments in strategic initiatives. Additionally, the company recorded a net income of $26.7 million, a substantial decrease of 78.8% compared to $125.9 million in 2024, resulting in an effective tax rate of 42.3%, up from 25.2% the previous year.
Strategically, MasterBrand has been active in expanding its market presence through acquisitions. In July 2024, the company acquired Supreme Cabinetry, enhancing its portfolio of premium cabinetry products. Furthermore, on August 6, 2025, MasterBrand announced a definitive agreement to merge with American Woodmark Corporation in an all-stock transaction, expected to close in early 2026, pending regulatory approvals. This merger aims to create a more robust platform for growth and efficiency in the cabinetry market.
Operationally, MasterBrand has maintained a strong dealer network, with over 7,900 cabinet dealers across North America. The company is also focusing on enhancing its e-commerce capabilities, recognizing the growing demand for online sales channels. As of December 28, 2025, MasterBrand employed approximately 12,633 associates, reflecting its commitment to workforce development and operational efficiency. The company is implementing a $30 million cost reduction plan aimed at improving profitability, which is expected to take effect in the first quarter of 2026.
Looking ahead, MasterBrand anticipates continued challenges in the housing market, influenced by economic conditions, interest rates, and consumer confidence. The company is focused on leveraging its scale and operational agility to navigate these challenges while capitalizing on demographic trends that support growth in the repair and remodel sectors. The successful integration of Supreme and the pending merger with American Woodmark are expected to drive long-term shareholder value and enhance MasterBrand's competitive position in the cabinetry industry.
About MasterBrand, Inc.
MasterBrand, Inc. is North America's largest manufacturer of residential cabinets, serving the remodeling and new construction markets across the U.S. and Canada. Its product portfolio includes stock, semi-custom, and premium cabinetry for kitchens and bathrooms. The company emphasizes quality, innovation, and a broad dealer network, leveraging operational efficiency, strategic acquisitions, and digital tools to drive growth and customer satisfaction.
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