---
schema_version: "secwatch.filing_event.v1"
accession: "0000062996-23-000012"
form_type: "8-K"
ticker: "MAS"
cik: "0000062996"
company_name: "MASCO CORP /DE/"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:14:24.915378+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Masco Q1 sales down 10% to $1.98B; EPS $0.90; appoints interim CFO

## Summary
- Q1 net sales $1,979M, down 10% YoY; adjusted EPS $0.87 vs $0.97 prior year.
- Gross margin improved 150 bps to 33.6% (adjusted); operating margin down 40 bps to 15.8%.
- Plumbing Products sales down 10%; Decorative Architectural Products down 10%.
- FY 2023 adjusted EPS guidance reaffirmed at $3.10-$3.40.
- David Chaika appointed Interim CFO effective June 1, 2023, upon retirement of John Sznewajs.

## SEC filing metadata
- accession: 0000062996-23-000012
- form_type: 8-K
- ticker: MAS
- cik: 0000062996
- company_name: MASCO CORP /DE/
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/62996/000006299623000012/0000062996-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/62996/000006299623000012/mas-20230421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000062996-23-000012
- JSON: https://secwatch.observer/filing/0000062996-23-000012.json
- Plain text: https://secwatch.observer/filing/0000062996-23-000012.txt

## Key facts
- Earnings Releases
  MASCO CORP /DE/ reported first quarter 2023 results: revenue $1,979 million, EPS $0.90 per share. Guidance reaffirmed.
  - Period: first quarter 2023
  - Revenue: $1,979 million
  - EPS: $0.90 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: MASCO CORPORATION REPORTS FIRST QUARTER 2023 RESULTS Highlights • Sales decreased 10 percent to $1,979 million • Operating profit was $315 million; adjusted operating profit was $312 million • Earnings per share was $0.90 per share; adjusted earnings per share was $0.87 per share • Repurchased 1.1 million shares for $56 million • Continue to expect 2023 earnings per share in the range of $3.06 – $3.36 per share, and on an adjusted basis, $3.10 – $3.40 per share • David Chaika appointed as Interim CFO, effective June 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/62996/000006299623000012/0000062996-23-000012-index.htm
- Executive change
  David A. Chaika was appointed as Interim Chief Financial Officer at MASCO CORP /DE/.
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: On April 21, 2023, the Company’s Board of Directors appointed David A. Chaika to serve as Interim Chief Financial Officer, effective June 1, 2023, upon the retirement of our current Chief Financial Officer, John G. Sznewajs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/62996/000006299623000012/0000062996-23-000012-index.htm
- Executive change
  John G. Sznewajs retired as Chief Financial Officer at MASCO CORP /DE/.
  - Action: retired
  - Role: Chief Financial Officer
  source text: upon the retirement of our current Chief Financial Officer, John G. Sznewajs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/62996/000006299623000012/0000062996-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.