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Masco's Q2 earnings beat estimates but sales declined year-over-year. Adjusted EPS of $1.20 exceeded expectations by 3.5%, but net sales missed. The company returned $206 million to shareholders through dividends and buybacks. Plumbing segment sales grew 2%, while Decorative Architectural segment sales fell 7%. Overall, adjusted operating margin improved despite sales challenges.
- Masco's Q2 earnings beat estimates but sales declined year-over-year.
- Adjusted EPS of $1.20 exceeded expectations by 3.5%, but net sales missed.
- The company returned $206 million to shareholders through dividends and buybacks.
- Plumbing segment sales grew 2%, while Decorative Architectural segment sales fell 7%.
- Overall, adjusted operating margin improved despite sales challenges.
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