MasterBrand, Inc. (MBC) announced earnings for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $13.3 million, or $0.10 per share. This compares with $37.5 million, or $0.29 per share, last year.
Excluding items, MasterBrand, Inc. reported adjusted earnings of $23.8 million or $0.18 per share for the period.
Analysts on average had expected the company to earn $0.22 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.5% to $660.3 million from $638.1 million last year.
MasterBrand, Inc. earnings at a glance (GAAP) :
-Earnings: $13.3 Mln. vs. $37.5 Mln. last year.
-EPS: $0.10 vs. $0.29 last year.
-Revenue: $660.3 Mln vs. $638.1 Mln last year.
-Guidance:
Full year EPS guidance: $1.03 to $1.32
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