MBC MasterBrand, Inc.
FY2025 10-K
MasterBrand, Inc. (MBC) filed its fiscal year 2025 10-K annual report with the SEC on Feb 13, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: Largest North American manufacturer of residential cabinets serving remodeling/new construction markets via dealers, retailers, builders
- • New acquisition: Supreme Cabinetry (July 2024) adding premium product lines and complementary dealer network
Management Discussion & Analysis
- • Revenue $2,734.7M, up $34.3M (1.3%) YoY, driven by Supreme acquisition adding $131.5M sales, offset by $97.2M volume decline
- • Gross profit $827.6M, down $49.4M (5.6%) with margin 30.3% vs 32.5%; Operating income $119.0M, down $116.7M (49.5%)
Risk Factors
- • Debt refinancing risk from $700M Senior Notes at 7.00% due 2032 issued June 27, 2024, with covenants limiting indebtedness and asset dispositions
- • Macroeconomic exposure via increased allowance for credit losses to $17.4M in 2025 due to specific customer default risk amid weak economy
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