Filing Flows › MasterBrand (MBC) › Q1 2026
MasterBrand (MBC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
MasterBrand (MBC) reported revenue of $618M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -4% from the quarter before. Operating margin was -3.0%, net loss $15.4M (2.5% of revenue).
MasterBrand, Q1 2026: revenue $618M (-6% year over year), operating margin -3.0%, net loss $15.4M, operating cash flow −$133M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $618M | -4% | -6% |
| Operating profit | −$18.5M | — | -150% |
| Net earnings | −$15.4M | — | -216% |
| Operating cash flow | −$133M | -253% | — |
What changed
Revenue was $618.0M in Q1 2026, down 6% year over year and down 4% from the previous quarter. Dealers was the largest line at 53% of revenue. Dealers lost $25.3M year over year (down 7%), 60% of the total change.
Gross margin was 25.3%, down 5.3 points from Q1 2025. Operating costs exceeded revenue by $18.5M, an operating margin of -3.0%. Operating expenses grew 6% against a revenue fall of 6%. The fastest-growing cost line was Other operating costs (+73%). The quarter ended with a net loss of $15.4M, narrower than the previous quarter's $42.0M loss. Net interest and other expense of $17.6M was the main reason.
Operating cash flow was −$133.0M. Non-cash charges added back $22.7M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $144.6M. Capital expenditures of $13.2M exceeded it, leaving free cash flow of −$146.2M.
Questions
What was MasterBrand's revenue in the first quarter 2026?
MasterBrand (MBC) reported revenue of $618M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -4% from the quarter before.
Was MasterBrand profitable in the first quarter 2026?
Operating loss was $18.5M (-3.0% of revenue) and net loss $15.4M.
Source: MasterBrand 10-Q on SEC EDGAR.