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年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
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報告稱,2024年第一季度淨銷售額下降至6.38億美元,與去年同期相比下降了6%,這主要是由於預期的交易減少和恢復正常的促銷活動。
第一季度毛利穩定在2.047億美元,利潤率增長至32.1%,同比增長190個點子。
本季度調整後的息稅折舊攤銷前利潤爲7,900萬美元,與去年第一季度相比利潤率增加了40個點子。
圍繞營運資金的嚴格管理促進了該期間1,200萬美元的自由現金流的交付。
Business Progress:
業務進展:
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.
儘管維修和改造市場下滑,但爲新建築提供服務的部門還是取得了進展。
運營業績顯示出正增長,通過戰略舉措和持續改進工作節省了成本。
以技術爲導向的計劃正在進行中,爲質量團隊提供了更好的數據和更好的見解。
預計2024年的資本支出將使投資支出增加到5,500萬至6500萬美元之間。
預計第二季度加速實施以技術爲導向的舉措將增加支出,帶來未來的收益。
預計業務將遵循標準的季節性模式,訂單從第二季度的增長在第三季度達到峯值。
儘管存在土地供應和勞動力短缺等挑戰,但落後地區的新建築仍有復甦跡象。
More details: MasterBrand IR
更多詳情: 大師品牌投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。