earnings
confidence high
sentiment positive
materiality 0.80
Masco Q2 sales +24% to $2.18B; adj EPS $1.14 beats; guidance raised
MASCO CORP /DE/
2021-Q2 EPS reported
$0.20
revenue$4,149,000,000
- Sales up 24% to $2,179M; adjusted EPS $1.14 (+34% YoY); GAAP EPS $(0.14) from pension settlement.
- Adjusted operating margin expanded 60 bps to 20.1%; Plumbing net sales up 53%, Decorative Architectural down 5%.
- Repurchased 6.6M shares for $447M; returned $507M to shareholders via dividends and buybacks.
- Raised 2021 adj EPS guidance to $3.65-$3.75 from $3.50-$3.70; declared $0.235 quarterly dividend.
- Liquidity $1,769M; supply chain tightness managed; robust demand across end markets.