Masco reports Q1 earnings of $0.87, missing estimates of $0.92. Sales of $1.80 billion also fell short of the $1.84 billion expectation. The company did not provide FY25 guidance due to tariff uncertainties. Analysts adjusted price targets downward following the earnings announcement. Masco shares increased 1.3% to $60.08 after the report.
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 EPS of $1.20 beat estimates of $1.16. Quarterly revenues were $2.09 billion, slightly missing estimates. Masco has surpassed EPS estimates for four consecutive quarters. Stock underperformed year-to-date, gaining only 5.4%. Industry outlook positive; in top 24% of Zacks industries.
- Masco Corporation reported Q1 2024 earnings exceeding estimates, but net sales were lower. - Earnings increased despite a decline in net sales due to operational efficiency. - Total liquidity decreased to $1.32 billion, with repurchases of 2.1 million shares. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings
- Masco Corporation to report Q1 2024 results on Apr 24. - Earnings beat estimates, sales down due to European and Chinese challenges. - Stable bottom line expected, aided by favorable price/cost relationship. - MAS has Earnings ESP of 0.00% and Zacks Rank #2. - Louisiana-Pacific Corp and United Rentals, Inc have potential earnings beat. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings