Masco Q4 sales down 5%, adj EPS $0.65; guides FY2023 adj EPS $3.10-$3.40; dividend +2%

MASCO CORP /DE/

2022-FY EPS reported $3.63 revenue$8,680,000,000

Q4 net sales $1,923M (-5% YoY); adjusted EPS $0.65 vs $0.67 prior year.
Full-year 2022 adj EPS $3.77 (+2% YoY); returned $1,172M via buybacks/dividends.
2023 guidance: adjusted EPS $3.10-$3.40 (implies decline from $3.77); volumes expected down low double-digit.
Board declares $0.285/share quarterly dividend (+2%); payable March 13, record Feb 23.
Director Reginald M. Turner to retire May 11, 2023; no disagreement.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Reginald M. Turner

director

MAS · MASCO CORP /DE/

Effective: 2023-05-11
Filed: February 9, 2023, 6:59 PM ET

Mr. Reginald M. Turner, a member of the Company’s Board, will retire as a director on May 11, 2023

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MASCO CORP /DE/ updated its the fourth quarter and full-year of 2022 guidance (initiated).

Period: the fourth quarter and full-year of 2022
Guidance: initiated
Result: reported results

Exact text from the filing

Attached and incorporated herein by reference as Exhibit 99 is a copy of the press release dated February 9, 2023 reporting Masco Corporation’s financial results for the fourth quarter and full-year of 2022 and certain other information and supplemental information prepared for use in connection with the financial results for the fourth quarter and full-year of 2022.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Reginald M. Turner departed as director at MASCO CORP /DE/.

Action: retire
Role: director

Exact text from the filing

Mr. Reginald M. Turner, a member of the Company’s Board, will retire as a director on May 11, 2023

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

MASCO CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000062996-23-000006

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