MasterBrand, Inc. filed its Form 10-Q with the U.S. Securities and Exchange Commission on August 5, 2026, covering the quarterly period ended June 28, 2026, disclosing a net loss and significantly expanded balance sheet following an acquisition completed during the first half of the fiscal year.

Key Highlights

  • Net loss of $57.6 million for the 13 weeks ended June 28, 2026, compared to net income of $37.3 million in the same period a year earlier.
  • Net sales of $815.2 million for the second quarter, up from $730.9 million in the prior-year quarter.
  • Basic and diluted loss per share of $0.38 for the 13 weeks ended June 28, 2026, versus earnings of $0.29 per share in the year-ago period.
  • Total assets rose to $4,479.6 million as of June 28, 2026, from $3,100.4 million at December 28, 2025.
  • Acquisition of business for $330.3 million (net of cash acquired) was recorded in investing activities during the 26-week period.
  • 203,490,490 shares of common stock outstanding as of August 3, 2026, up from 127.2 million outstanding at December 28, 2025.
  • Restructuring charges of $9.2 million were recorded in the second quarter, bringing the 26-week total to $22.0 million.

MasterBrand's Second-Quarter 2026 Financial Results and Acquisition Impact

According to the filing, MasterBrand, Inc. (NYSE: MBC) reported net sales of $815.2 million for the 13 weeks ended June 28, 2026, compared to $730.9 million for the 13 weeks ended June 29, 2025. Cost of products sold rose to $609.7 million from $491.2 million in the prior-year quarter, resulting in gross profit of $205.5 million versus $239.7 million a year earlier. The company disclosed an operating loss of $27.8 million for the quarter, compared to operating income of $67.3 million in the same period of 2025. Selling, general and administrative expenses increased to $216.7 million from $159.4 million year over year.

The filing reported a net loss of $57.6 million for the second quarter, compared to net income of $37.3 million in Q2 2025. For the 26 weeks ended June 28, 2026, the net loss was $73.0 million, against net income of $50.6 million for the comparable prior-year period. Interest expense for the 26-week period was $39.2 million, compared to $38.3 million in the year-ago period. The company recorded an income tax benefit of $11.6 million for the first half of 2026, compared to income tax expense of $15.7 million in the prior-year first half.

The balance sheet reflects a substantial increase in scale. The filing shows total assets of $4,479.6 million at June 28, 2026, up from $3,100.4 million at December 28, 2025. Goodwill increased to $1,318.5 million from $1,127.5 million, and other intangible assets, net, grew to $888.6 million from $547.7 million. Long-term debt stood at $1,371.5 million, compared to $974.5 million at the prior fiscal year-end. The company disclosed proceeds from the issuance of a Term Loan A of $375.0 million during the 26-week period. Net cash provided by operating activities for the first half was $5.8 million, compared to $53.4 million in the year-ago period. Paid-in capital rose to $764.3 million from $55.8 million at December 28, 2025, corresponding with the increase in shares issued.

What Was Disclosed

MasterBrand filed its quarterly report for the period ended June 28, 2026, disclosing a second-quarter net loss, higher net sales, a material acquisition, expanded debt, and a larger share count relative to the prior fiscal year-end.