MasterBrand, Inc. (MBC) Q3 2024 Earnings Call Transcript Summary
MasterBrand, Inc. (MBC) Q3 2024 Earnings Call Transcript Summary
The gross profit margin decreased to 33.1% from 35.1% a year ago mainly due to lower net average selling price, increased costs, and strategic investments.The following is a summary of the MasterBrand, Inc. (MBC) Q3 2024 Earnings Call Transcript:
以下是MasterBrand, Inc. (MBC) 2024年第三季度業績會議記錄摘要:
Financial Performance:
財務表現:
Q3 net sales were $718 million, reflecting a 6% increase year-over-year primarily driven by the acquisition of Supreme Cabinetry Brands.
Adjusted EBITDA for Q3 was $105 million with a margin of 14.6%, which is 160 basis points lower than the same period last year.
The gross profit margin decreased to 33.1% from 35.1% a year ago mainly due to lower net average selling price, increased costs, and strategic investments.
Net income decreased by 51.3% to $29.1 million due to various acquisition-related costs and restructuring charges.
Free cash flow stood at $65 million for the quarter, contributing to a year-to-date total of $142 million.
第三季度淨銷售額爲71800萬美元，同比增長6%，主要受Supreme Cabinetry Brands收購驅動。
第三季度調整後的EBITDA爲10500萬美元，邊際率爲14.6%，比去年同期低160個點子。
毛利潤率從一年前的35.1%下降至33.1%，主要原因是淨平均銷售價格下降，成本增加以及戰略投資。
由於各種收購相關成本和重組費用，淨利潤下降了51.3%至2910萬美元。
本季度自由現金流達到6500萬美元，爲年初至今總額14200萬美元做出了貢獻。
Business Progress:
業務進展：
MasterBrand continues to drive growth through new customer wins and strategic initiatives including Aligned to Grow, Lead Through Lean, and Tech Enabled.
Integration of Supreme Cabinetry Brands is progressing well, with efforts underway to optimize operations and enhance product offerings across dealer networks.
Investments in digital infrastructures like MasterBrand Connect are enhancing connections and insights with channel partners, fostering potential market share growth.
MasterBrand 繼續通過新客戶贏得和戰略舉措驅動增長，包括配合增長，通過精益引領和科技賦能。
Supreme Cabinetry Brands 的整合進展順利，正在努力優化運營並增強產品在經銷商網絡中的提供。
像 MasterBrand Connect 這樣的數字基礎設施投資正在增強與渠道合作伙伴的聯繫和洞察，促進潛在市場份額增長。
Opportunities:
機會：
The acquisition of Supreme Cabinetry Brands presents significant operational and commercial synergy opportunities, expected to drive incremental savings and enhance service levels.
Continued strategic initiatives are aimed at capturing more market share despite the broader market challenges.
收購 Supreme Cabinetry Brands 帶來了重大的運營和商業協同機會，預計帶動額外的節省和提高服務水平。
持續的戰略舉措旨在在面臨更廣泛的市場挑戰的情況下獲得更多市場份額。
Risks:
風險：
Soft demand in the repair and remodel markets due to economic uncertainties and low housing turnover poses near-term challenges.
There is a potential soft demand in the U.S. single-family new construction market due to moderation by production builders and softer housing starts.
由於經濟不確定性和低房屋易手率導致維修和翻新市場的需求疲軟，帶來近期挑戰。
由於生產建築商的適度和更柔和的住宅開工，美國單一家庭新建築市場存在潛在的低需求。
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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
