MasterBrand reported a net loss of $57.6 million, or $(0.38) per share, for the second quarter ended June 28, 2026, compared to net income of $37.3 million in the prior year period. Net sales reached $815.2 million, including a $125.5 million contribution from American Woodmark following its all-stock merger closed on May 28, 2026. Legacy MasterBrand sales declined 5.6% to $689.7 million due to mid- to high-single-digit market softness and unfavorable fixed cost leverage. Adjusted EBITDA was $62.5 million with a 7.7% margin. The company raised its long-term annual run-rate cost synergy target from the merger to over $100 million, having already executed approximately $30 million in synergies. Total debt stands at $1,390.3 million against $241.6 million in cash, resulting in a net leverage ratio of 3.9x. MasterBrand introduced second-half 2026 guidance projecting net sales of $2.05 to $2.11 billion and adjusted EBITDA of $129 to $149 million. The company operates as the largest residential cabinet manufacturer in North America.