secwatch.observer — SEC 8-K summary
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Issuer:     MASCO CORP /DE/ (MAS)
CIK:        0000062996
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000062996-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Masco Q4 adj EPS $0.83 (+28% YoY); sales $1,882M (-2%); FY2024 guidance $4.00-$4.25
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- Q4 net sales $1,882M (-2% YoY); adjusted operating profit +16% to $272M; adjusted EPS $0.83 (+28%).
- FY2023 sales $7,967M (-8%); adjusted operating margin +120bps to 16.8%; adjusted EPS $3.86 (+2%).
- Board declares quarterly dividend $0.29/share (+2% increase), payable Mar 11; record Feb 22.
- FY2024 adjusted EPS guidance $4.00-$4.25; expects sales approximately flat in stabilizing market.
- Returned $610M to shareholders in 2023 via share repurchases and dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62996/000006299624000004/0000062996-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62996/000006299624000004/mas-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000062996-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer