Masco Corp

MAS

Equity

ISIN US5745991068 / Valor 950004

New York Stock Exchange, Inc (2024-09-18)

USD 81.69+0.54%

Masco Corp
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About company

Masco Corp is a company that focuses on providing a wide range of home improvement and building products to customers. They offer products such as faucets, cabinets, paints, and other building materials. The company is committed to providing equal employment opportunities and prohibits discrimination in any aspect of employment based on various characteristics protected by law. Masco Corp strives to have the best individuals in every job based on merit, ensuring a diverse and inclusive work environment for all employees.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Net Sales

Masco Corp's net sales for the first quarter of 2024 decreased by 3 percent to $1,926 million compared to the same period in 2023. In local currency and excluding acquisitions, net sales saw a decline of 4 percent.

Operating Profit

Masco Corp reported an increase in operating profit by 1 percent, reaching $318 million in the first quarter of 2024. Adjusted operating profit also saw a rise of 3 percent, amounting to $322 million.

Earnings Per Share

For the first quarter of 2024, Masco Corp's earnings per share were $0.97, showing an increase from $0.90 per share in the first quarter of 2023. Adjusted earnings per share grew by 8 percent to $0.93 per share.

Share Repurchases

During the first quarter of 2024, Masco Corp repurchased 2.1 million shares for a total of $148 million, as part of its capital allocation strategy to return value to shareholders.

2024 Earnings Outlook

Masco Corp continues to expect its 2024 earnings per share to be in the range of $4.00 to $4.25 per share, reflecting confidence in its operational efficiencies and strategic investments.

Summarized from source with an LLMView Source

Key figures

48.5%1Y

42.7%3Y

96.9%5Y

Performance

26.4%1Y

29.7%3Y

31.1%5Y

Volatility