earnings
confidence high
sentiment negative
materiality 0.75
Masco Q3 EPS $0.97, sales flat, guidance cut to $3.70-$3.80, new $2B buyback
MASCO CORP /DE/
2022-Q3 EPS reported
$3.13
revenue$6,757,000,000
- Net sales $2,204M flat YoY; in local currency +3%.
- Operating profit $351M (-9%); operating margin 15.9% vs 17.5%.
- Reported EPS $0.97 (+9%); adjusted EPS $0.98 (-1%).
- FY2022 adjusted EPS guidance lowered to $3.70-$3.80 from $4.15-$4.25.
- Board authorized new $2.0B share repurchase program; quarterly dividend $0.28/share.