BEACHWOOD, Ohio — MasterBrand, Inc., the largest residential cabinet manufacturer in North America that ranks #7 on the FDMC 300 list of top North American wood products, announced that its Board of Directors has authorized a share repurchase program to buy back up to $50 million of the company’s 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.

“Our Board of Directors and management believe that MasterBrand’s 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,” said Dave Banyard, President and Chief Executive Officer.