earnings
confidence high
sentiment neutral
materiality 0.80
Masco Q2 sales up 8% to $2,352M; adjusted EPS flat at $1.14; guidance narrowed to $4.15-$4.25
MASCO CORP /DE/
2022-Q2 EPS reported
$2.15
revenue$4,553,000,000
- Net sales increased 8% to $2,352M; in local currency, +11%.
- Gross margin fell 360 bps to 32.7%; adjusted operating margin 17.6%.
- Adjusted EPS of $1.14 matched prior year; reported EPS $1.18 vs $(0.14).
- Guidance narrowed: FY22 adjusted EPS $4.15-$4.25 (prior $4.15-$4.35).
- Repurchased 10.4M shares for $550M; quarterly dividend $0.28 declared.