MasterBrand, Inc. (NYSE:MBC) Q4 2023 Earnings Call Transcript

I would not ever bet against my competitors figuring things out because there’s some good competitors out there. So I’m sure that some of them have figured that out, but I think we’ve highlighted in the past that our competitive product in that space has been strong. It’s served us very well. I’ll highlight our Mantra product line grew high-teens last year. In the face of the market we’re in, that’s I think pretty great performance. There may have been some cannibalization of our own with the trade down effect, but I still think I would challenge — if you look at import numbers, I would challenge any of those competitors that whether they grew at that rate. So I think we have a great product and that’s part of — part of our product introductions are to continue to build out that product and — because consumers love it, as do our channel.

So it’s another piece of the competitive puzzle, but that’s what we do every day is figure out how to win.

Tom Mahoney: Understood. Thanks for the time.

Dave Banyard: Thanks, Tom.

Operator: Thank you. There are no further questions at this time. I will turn the floor back to Farand Pawlak for closing remarks.

Farand Pawlak: Thank you, operator, and thank you, everyone, for joining us here today. We appreciate your interest and support, and look forward to speaking with you in the future. This concludes our call.

Operator: Thank you for joining MasterBrand’s Fourth Quarter and Full Year 2023 Earnings Conference Call.