10 Best Furniture Stocks to Buy Right Now

2. MasterBrand, Inc. (NYSE:MBC)

Number of Hedge Fund Holders: 25

MasterBrand, Inc. (NYSE:MBC) manufactures residential cabinets in North America and offers an elaborate portfolio of residential cabinetry products for the bathroom, kitchen, and house parts. It sells its products to new construction and remodeling markets in the US and Canada through three primary channels: retailers, builders, and dealers. The company’s brand portfolio includes Mantra, Diamond, and Omega.

MasterBrand, Inc. (NYSE:MBC) reported net sales worth $718 million in fiscal Q3 2024, reflecting a 6% increase compared to last year. This growth was attributed to its acquisition of Supreme Cabinetry Brands earlier in the quarter. Its free cash flow also showed solid company performance at $65 million, taking its year-to-date total to $142 million.

Due to its solid performance, management is confident about the company’s potential to deliver continued free cash flow growth for fiscal year 2024. It is focusing on delivering financial returns for its shareholders in the coming years and is looking for growth in any end-market environment.