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A month has gone by since the last earnings report for Masco (MAS) . Shares have lost about 1.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Masco due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Masco Q1 Earnings Beat Estimates, Margins Rise Y/Y Masco Corpora ...

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Masco Corporation (MAS) reported mixed results for first-quarter 2024, wherein earnings surpassed the Zacks Consensus Estimate but net sales lagged the same.On a year-over-year basis earnings increased despite net sales decline. Strong operational efficiency helped it deliver solid earnings. Masco’s focus on a balanced capital deployment strategy helped it return $212 million to shareholders via dividends and share repurchases.Shares of Masco lost 2.3% in the pre-market trading session on Apr 24.Inside the ...

Quarter Highlights • In local currency, international sales decreased 5% | --- | --- | |---------------------------------|----------------------| | ($ in Millions) | First Quarter 2024 | | Revenue Y-O-Y Change | $1,926 (3%) | | Operating Profit* Y-O-Y Change | $322 $10 | | Operating Margin* Y-O-Y Change | 16.7% 90 bps | | | | | EPS* Y-O-Y Change | $0.93 8% | • In local currency, North American sales decreased 1%, or 4% excluding acquisitions • Operating profit increase driven by cost savings initiatives and ...

Masco (MAS) reported $1.93 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.7%. EPS of $0.93 for the same period compares to $0.87 a year ago.The reported revenue represents a surprise of -1.08% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $0.87, the EPS surprise was +6.90%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...

Financial Data and Key Metrics Changes - The company's top line decreased by 3% in the quarter, with volume down 4%, partially offset by a 1% pricing action and the impact of the Sauna360 acquisition [9][30] - Operating profit improved by $10 million to $322 million, with operating margin growing by 90 basis points to 16.7% [10][32] - Earnings per share grew by 8% to $0.93 per share [10][32] Business Line Data and Key Metrics Changes - Plumbing sales declined by 2% overall, and 4% excluding acquisitions, with North American Plumbing sales decreasing by 1% and International Plumbing sales decreasing by 5% [11][33] - Operating profit for the Plumbing segment increased by $26 million to $228 million, with operating margin up 260 basis points to 19.1% [11][35] - Decorative Architectural sales decreased by 3%, with operating profit declining by $8 million to $125 million and operating margin down 60 basis points to 17% [15][90] Market Data and Key Metrics Changes - North American sales decreased by 2% or 3% excluding acquisitions, while international sales decreased by 5% [30][31] - The company expects 2024 sales to be roughly flat, with operating margin growing to approximately 17% [39][90] Company Strategy and Development Direction - The company is focused on operational excellence, continuous improvement, and cost savings initiatives to drive margin enhancements [6][19] - The strategy includes engaging with customers, launching innovative products, and building brand value to grow market share [8][19] - The company anticipates deploying approximately $600 million towards share repurchases or acquisitions during the year [38][86] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the operating environment, monitoring inflation data, interest rate cuts, and consumer confidence levels [19][66] - The fundamentals of the repair and remodel markets are considered strong, driven by factors such as aging housing stock and increased home equity [19][66] - The company expects to see an uptick in the overall market in the second half of the year [66][90] Other Important Information - The company returned $212 million to shareholders through share repurchases and dividends [17][38] - Working capital as a percentage of sales declined by 50 basis points to 18.6% [37][106] Q&A Session Summary Question: What is the company's outlook for pricing and consumer behavior? - Management noted that understanding price elasticity has been challenging due to previous inflationary pressures, with some variability observed in different markets [27][28] Question: How is the company managing its capital allocation strategy? - The company maintains a consistent capital allocation strategy, focusing on acquisitions and share repurchases, with an anticipated $600 million available for such activities [86][87] Question: What are the expectations for the Plumbing segment's margins? - The company expects to maintain its margin guidance, with a focus on managing commodity changes and operational efficiencies [82][84] Question: How is the company addressing the challenges in the International Plumbing market? - Management indicated that the International market is lagging compared to North America, with expectations of low to mid-single-digit declines [120][122]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or Masco Corporation (Exact name of Registrant as Specified in its Charter) Delaware 38-1794485 (I.R.S. Employer Identification No.) (State or Other Jurisdiction of Incorporation or Organization) 17450 College Parkway, Livonia, Michigan 48152 (Address of Principal Executive Offices) (Zip Code) ...

Exhibit 99 MASCO CORPORATION REPORTS FIRST QUARTER 2024 RESULTS Highlights LIVONIA, Mich. (April 24, 2024) - Masco Corporation (NYSE: MAS), one of the world's leading manufacturers of branded home improvement and building products, reported its first quarter 2024 results. 2024 First Quarter Results "We delivered another quarter of strong results," said Masco President and CEO, Keith Allman. "We expanded adjusted operating profit margin by 90 basis points and grew adjusted earnings per share by 8 percent thr ...

Masco Corporation (MAS) is slated to report first-quarter 2024 results on Apr 24, before the opening bell.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 25.8% and rose 27.7% year over year. Net sales beat the consensus mark by 6% but declined 2% year over year.Masco’s earnings topped the consensus mark in the last four quarters, with the average surprise being 23.4%.The Trend in Estimate RevisionThe Zacks Consensus Estimate for Masco’s first-quarter earnings per sh ...