earnings
confidence high
sentiment positive
materiality 0.80
Masco Q1 sales up 12% to $2.2B; adjusted EPS $0.95, up 7%; raises FY22 guidance
MASCO CORP /DE/
2022-Q1 EPS reported
$0.97
revenue$2,201,000,000
- Net sales of $2,201M (+12% YoY); local-currency sales ex-M&A up 14%.
- Reported EPS $0.97 (up 185% YoY, includes prior-year impairment); adjusted EPS $0.95 (+7%).
- Gross margin fell 350 bps to 32.0%; adjusted operating margin 16.2% (down 240 bps).
- Plumbing Products sales +9%; Decorative Architectural sales +17% YoY.
- FY2022 adjusted EPS guidance raised to $4.15-$4.35 from $4.10-$4.30; returned $431M via buybacks/dividends.