McClaran Hayes's questions to MasterBrand (MBC) leadership • Q2 2025
Question
McClaran Hayes of Zelman Partners LLC asked for details on the phasing of the $90 million in cost synergies, an update on the Supreme integration synergy target, and commentary on recent demand trends and the Q3 outlook.
Answer
MasterBrand President & CEO Dave Banyard stated the synergy phasing will be similar to the Supreme integration, with easier items like supply chain consolidation addressed first. He confirmed the Supreme integration is on track, with North Carolina plant consolidations largely complete. Regarding demand, Banyard noted steady Q2 new construction demand but expects softness ahead due to lower housing starts, while describing the repair and remodel market as consistently choppy. American Woodmark President & CEO Scott Culbreth concurred, noting R&R is 'bouncing at the bottom' and new construction weakened in their recent quarter.