Masco Q3 adjusted EPS $1.00 (+1%), sales down 10%; raises 2023 guidance

MASCO CORP /DE/

2023-Q3 EPS reported $3.17 revenue$6,085,000,000

Net sales down 10% to $1,979M; adjusted operating margin up 170bps to 17.6%.
Adjusted EPS grew 1% to $1.00; GAAP EPS $1.10 vs $0.97 last year.
Raised 2023 adjusted EPS guidance to $3.65-$3.75 from $3.50-$3.65.
Closed acquisition of Sauna360 Group for ~€124M; returned $109M to shareholders.
Quarterly dividend $0.285 declared, payable Nov 27, record Nov 10.

item 2.02 item 9.01

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/ reported third quarter 2023 results: revenue $1,979 million, net income $1.10 per share, EPS $1.10 per share. Guidance raised.

Period: third quarter 2023
Revenue: $1,979 million
Net income: $1.10 per share
EPS: $1.10 per share
Guidance: raised
Result: reported results

Exact text from the filing

and building products, reported its third quarter results. 2023 Third Quarter Results • On a reported basis, compared to third quarter 2022: • Net sales decreased 10 percent to $1,979 million; in local currency and excluding acquisitions, net sales decreased 11 percent • In local currency, North American sales decreased 11 percent and international sales decreased 11

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MASCO CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000062996-23-000039

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