secwatch.observer — SEC 8-K summary
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Issuer:     MASCO CORP /DE/ (MAS)
CIK:        0000062996
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000062996-23-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62996/000006299623000039/0000062996-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62996/000006299623000039/mas-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000062996-23-000039

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