Masco Q3 sales up 11% to $2.2B; adj. EPS $0.99; narrows 2021 adj. EPS guidance to $3.67-$3.73

MASCO CORP /DE/

2021-Q3 EPS reported $1.07 revenue$6,353,000,000

Net sales $2,204M (+11% YoY); operating profit $385M (margin 17.5%, down 390bps).
GAAP EPS from cont. ops $0.89; adjusted EPS $0.99 (down from $1.06 in Q3 2020).
Plumbing Products sales +16% (org +13%); Decorative Architectural +4% (+3% organic).
2021 adjusted EPS guidance narrowed to $3.67-$3.73 from $3.65-$3.75; midpoint $3.70 unchanged.
Quarterly dividend of $0.235/share declared, payable Nov 29 to holders of record Nov 12.

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