MasterBrand, Inc. reported its financial results for the second quarter and first half of fiscal 2025, revealing a net sales increase of 8.0% to $730.9 million for the thirteen weeks ended June 29, 2025, compared to $676.5 million for the same period in the previous year. The company attributed this growth to an additional $70.7 million in sales from its recent acquisition of Supreme Cabinetry Brands, which was completed in July 2024. However, excluding this acquisition, MasterBrand experienced a decline in sales unit volume, leading to a decrease of $16.3 million in net sales, primarily due to weaker demand in the repair and remodel and single-family new construction markets.
In terms of profitability, MasterBrand's operating income fell to $67.3 million for the second quarter, down 13.5% from $77.8 million in the prior year. The decline was influenced by increased costs associated with the Supreme acquisition, which added $47.0 million to the cost of products sold. Overall, the cost of products sold rose by 10.3% to $491.2 million, reflecting a higher percentage of net sales at 67.2%. The company reported a net income of $37.3 million, a decrease of 17.7% from $45.3 million in the same quarter last year.
MasterBrand's balance sheet as of June 29, 2025, showed total assets of $2.96 billion, with total liabilities of $1.60 billion, resulting in total equity of $1.36 billion. The company had 126.7 million shares of common stock outstanding, with a cash and cash equivalents balance of $120.1 million. The company also reported a significant increase in selling, general, and administrative expenses, which rose by 8.7% to $159.4 million, largely due to the inclusion of Supreme's expenses.
Looking ahead, MasterBrand announced a definitive agreement to merge with American Woodmark Corporation in an all-stock transaction, expected to close in early 2026, subject to shareholder and regulatory approvals. This merger aims to enhance the company's market position and operational efficiencies. The company is also focused on managing its debt, with $998.7 million in outstanding borrowings as of the end of the reporting period, and plans to expand its revolving credit facility to facilitate the merger and pay off American Woodmark's debt.
About MasterBrand, Inc.
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