Earnings Call Summary | MasterBrand(MBC.US) Q1 2024 Earnings Conference
Earnings Call Summary | MasterBrand(MBC.US) Q1 2024 Earnings Conference
The following is a summary of the MasterBrand, Inc. (MBC) Q1 2024 Earnings Call Transcript:
以下是MasterBrand, Inc.(MBC)2024年第一季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
MasterBrand reported a decline in Q1 2024 net sales to $638 million, a 6% decrease compared to the same period last year, primarily due to anticipated trade downs and resumed normal promotional activity.
First-quarter gross profit stayed stable at $204.7 million with a margin expansion to 32.1%, a 190 basis point increase year-over-year.
Adjusted EBITDA for the quarter was $79 million, increasing the margin by 40 basis points compared to Q1 last year.
Disciplined management around working capital facilitated a delivery of $12 million in free cash flow for the period.
MasterBrand报告称,2024年第一季度净销售额下降至6.38亿美元,与去年同期相比下降了6%,这主要是由于预期的交易减少和恢复正常的促销活动。
第一季度毛利稳定在2.047亿美元,利润率增长至32.1%,同比增长190个基点。
本季度调整后的息税折旧摊销前利润为7,900万美元,与去年第一季度相比利润率增加了40个基点。
围绕营运资金的严格管理促进了该期间1,200万美元的自由现金流的交付。
Business Progress:
业务进展:
Progress was witnessed in the sectors servicing new construction despite a decline in the repair and remodel market.
Operational performance showed positive growth, realizing cost savings from strategic initiatives and continuous improvement efforts.
Tech-enabled initiatives are underway, providing better data and improved insights for the quality team.
Forecasted capital expenditures for 2024 are expected to increase investment spending to between $55 million and $65 million.
Acceleration of tech-enabled initiatives in Q2 is expected to elevate expenditures, bringing future benefits.
Business is expected to follow standard seasonal patterns with orders peaking in Q3 from a rise in Q2.
Despite challenges like land availability and labor shortages, signs of recovery are seen in lagging regions' new construction.
尽管维修和改造市场下滑,但为新建筑提供服务的部门还是取得了进展。
运营业绩显示出正增长,通过战略举措和持续改进工作节省了成本。
以技术为导向的计划正在进行中,为质量团队提供了更好的数据和更好的见解。
预计2024年的资本支出将使投资支出增加到5,500万至6500万美元之间。
预计第二季度加速实施以技术为导向的举措将增加支出,带来未来的收益。
预计业务将遵循标准的季节性模式,订单从第二季度的增长在第三季度达到峰值。
尽管存在土地供应和劳动力短缺等挑战,但落后地区的新建筑仍有复苏迹象。
More details: MasterBrand IR
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