secwatch.observer — SEC 8-K summary
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Issuer:     MASCO CORP /DE/ (MAS)
CIK:        0000062996
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000062996-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Masco Q1 sales up 12% to $2.2B; adjusted EPS $0.95, up 7%; raises FY22 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62996/000006299622000015/0000062996-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62996/000006299622000015/mas-20220427.htm
  HTML page:      https://secwatch.observer/filing/0000062996-22-000015

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