secwatch.observer — SEC 8-K summary
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Issuer:     MASCO CORP /DE/ (MAS)
CIK:        0000062996
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0000062996-21-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Masco Q2 sales +24% to $2.18B; adj EPS $1.14 beats; guidance raised
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62996/000006299621000023/0000062996-21-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62996/000006299621000023/mas-20210729.htm
  HTML page:      https://secwatch.observer/filing/0000062996-21-000023

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