{"id":826517,"date":"2025-03-17T16:08:25","date_gmt":"2025-03-17T20:08:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/masterbrand-announces-additional-50-million-share-repurchase-authorization\/"},"modified":"2025-03-17T16:08:25","modified_gmt":"2025-03-17T20:08:25","slug":"masterbrand-announces-additional-50-million-share-repurchase-authorization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/masterbrand-announces-additional-50-million-share-repurchase-authorization\/","title":{"rendered":"MasterBrand Announces Additional $50 Million Share Repurchase Authorization"},"content":{"rendered":"

<\/p>\n

MasterBrand Announces Additional $50 Million Share Repurchase Authorization<\/b><\/p>\n

BEACHWOOD, Ohio–(BUSINESS WIRE<\/a>)–
\nMasterBrand, Inc. (NYSE: MBC, the \u201cCompany,\u201d or \u201cMasterBrand\u201d), the largest residential cabinet manufacturer in North America, today announced that its Board of Directors has authorized a share repurchase program to buy back up to $50 million of the Company\u2019s outstanding common stock until March 13, 2028. This is in addition to the existing share repurchase authorization approved in April 2023, under which approximately $21 million remained available for repurchases as of December 29, 2024, and is set to expire on April 23, 2025.\n<\/p>\n

\nUnder the new authorization, the Company may repurchase shares through a variety of methods, including open market transactions and privately negotiated transactions, in compliance with Rule 10b5-1 and Rule 10b-18, as applicable, of the Securities Exchange Act of 1934 and other applicable laws and regulations. The repurchase program may be suspended or discontinued at any time and does not obligate the Company to acquire any amount of its common stock. The timing, manner, price and amount of any repurchases will be determined by the Company at its discretion and will depend on a variety of factors, including business, economic and market conditions, prevailing stock prices, corporate and regulatory requirements and other considerations.\n<\/p>\n

\n\u201cOur Board of Directors and management believe that MasterBrand\u2019s shares represent an attractive investment opportunity. We believe our ability to continue to generate strong cash flows will enable us to strengthen our balance sheet, while investing in the business and repurchasing shares at a compelling valuation,\u201d said Dave Banyard, President and Chief Executive Officer.\n<\/p>\n

About MasterBrand<\/b>:\n<\/p>\n

\nMasterBrand, Inc. (NYSE: MBC) is the largest manufacturer of residential cabinets in North America and offers a comprehensive portfolio of leading residential cabinetry products for the kitchen, bathroom and other parts of the home. MasterBrand products are available in a wide variety of designs, finishes and styles and span the most attractive categories of the cabinets market: stock, semi-custom and premium cabinetry. These products are delivered through an industry-leading distribution network of over 7,700 dealers, major retailers and builders. MasterBrand employs over 13,000 associates across more than 20 manufacturing facilities and offices. Additional information can be found at www.masterbrand.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250317792618\/en\/<\/a><\/span><\/p>\n

Investor Relations:
\n<\/b>
Investorrelations@masterbrand.com<\/a><\/p>\n

Media Contact:
\n<\/b>
Media@masterbrand.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Ohio<\/p>\n

INDUSTRY KEYWORDS:<\/b> Interior Design Architecture Other Construction & Property Residential Building & Real Estate Manufacturing Construction & Property Other Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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MasterBrand Announces Additional $50 Million Share Repurchase Authorization BEACHWOOD, Ohio–(BUSINESS WIRE)– MasterBrand, Inc. (NYSE: MBC, the \u201cCompany,\u201d or \u201cMasterBrand\u201d), the largest residential cabinet manufacturer in North America, today announced that its Board of Directors has authorized a share repurchase program to buy back up to $50 million of the Company\u2019s outstanding common stock until March 13, 2028. This is in addition to the existing share repurchase authorization approved in April 2023, under which approximately $21 million remained available for repurchases as of December 29, 2024, and is set to expire on April 23, 2025. Under the new authorization, the Company may repurchase shares through a variety of methods, including open market transactions and privately negotiated transactions, in compliance with Rule … <\/p>\n

Continue reading “MasterBrand Announces Additional $50 Million Share Repurchase Authorization”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-826517","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMasterBrand Announces Additional $50 Million Share Repurchase Authorization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/masterbrand-announces-additional-50-million-share-repurchase-authorization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MasterBrand Announces Additional $50 Million Share Repurchase Authorization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MasterBrand Announces Additional $50 Million Share Repurchase Authorization BEACHWOOD, Ohio–(BUSINESS WIRE)– MasterBrand, Inc. (NYSE: MBC, the \u201cCompany,\u201d or \u201cMasterBrand\u201d), the largest residential cabinet manufacturer in North America, today announced that its Board of Directors has authorized a share repurchase program to buy back up to $50 million of the Company\u2019s outstanding common stock until March 13, 2028. This is in addition to the existing share repurchase authorization approved in April 2023, under which approximately $21 million remained available for repurchases as of December 29, 2024, and is set to expire on April 23, 2025. 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