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MasterBrand (MBC) FY2021 results: revenue $2.9 billion

MasterBrand, Inc. (MBC) reported revenue of $2.9 billion for fiscal 2021, the year ended 26 December 2021. Net income was $183 million, and diluted earnings per share $1.43. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.

Revenue
$2.9 billion
FY2021FY2021
Operating margin
8.2%
FY2021FY2021
Net income
$183 million
FY2021FY2021
Diluted EPS
$1.43
FY2021FY2021

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2021Last 8 years
Revenue2,855
Cost of revenue2,071
Gross profit784
Gross margin27.5%
Selling, general and administrative528
Operating income234
Operating margin8.2%
Interest expense0.0
Pre-tax income238
Income tax55.7
Effective tax rate23.4%
Net income183
Net margin6.4%
Diluted EPS$1.43
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2021Last 8 years
Operating cash flow148
Capital expenditure51.6
Free cash flow96.6
Free cash flow margin3.4%
Cash from investing-51.5
Cash from financing-110
Depreciation and amortisation62.2
Share-based compensation9.3
Buybacks0.0
Diluted shares, weighted128m

Balance sheet

$ millionFY2021Last 8 years
Shareholders' equity2,454
Goodwill926
Cash and equivalents141

10-K for the year ended 26 December 2021, filed 27 February 2024: the filing.