MasterBrand Sales Rise

MasterBrand, Inc. had net sales of $784.4 million in the fourth quarter of 2022, an increase of five per cent compared to $744.8 million in the year-prior period. Gross profit was $215 million, a rise of 14 per cent compared to $187.9 million in the year-ago period and gross profit margin expanded 220 basis points to 27.4 per cent. Net income was $15.4 million, compared to $35.2 million last year, a decrease of 56 per cent.