MasterBrand, Inc. Reaffirms Revenue Guidance for the Full Year 2023 and Provides Revenue Guidance for the Second Quarter, Third Quarter and Fourth Quarter of 2023
May 09, 2023 at 09:05 pm
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MasterBrand, Inc. reaffirmed revenue guidance for the full year 2023 and provided revenue guidance for the second quarter, third quarter and fourth quarter of 2023. For full year 2023, the Company expects Net sales year-over-year decline of mid teens, based on market declines of low teens. Net sales outlook remains unchanged for the full year as the Company continues to expect softer end markets in 2023.
Given the strength in the first quarter, The company expects to see a slight net sales step-up sequentially in the second quarter with sequential declines in both the third and the fourth quarter.
MasterBrand, Inc. is a manufacturer of residential cabinets in North America and offers a comprehensive portfolio of residential cabinetry products for the kitchen, bathroom and other parts of the home. The Company's products are available in a variety of designs, finishes and styles and span various categories of the cabinets market, such as stock, semi-custom and premium cabinetry. The Company's products are sold throughout the United States and Canada to the remodeling and new construction markets through three primary channels: dealers, retailers and builders. Its retail sales occur in-store and through various e-commerce channels, including its retail channel partners' online presence. The Company partners with regional and large-scale builders for single-family construction throughout North America, serving them directly or through a distribution network, allowing it to customize its service to each builder's requirements. The Company's brands include Mantra, Diamond and Omega.
MasterBrand, Inc. Reaffirms Revenue Guidance for the Full Year 2023 and Provides Revenue Guidance for the Second Quarter, Third Quarter and Fourth Quarter of 2023
MASTERBRAND, INC. 
