Masco Q2 adj. EPS $1.20, revenue $2,091M; tightens FY2024 guidance range

MASCO CORP /DE/

2024-Q2 EPS reported $2.14 revenue$4,017,000,000

Net sales fell 2% to $2,091M; adjusted EPS rose 1% to $1.20 from $1.19 YoY.
Plumbing Products sales rose 2%; Decorative Architectural sales fell 7%.
Gross margin expanded 130bps to 37.5%; adjusted operating margin reached 19.1%.
Repurchased 2M shares for $143M; declared quarterly dividend of $0.29.
FY2024 adjusted EPS guidance narrowed to $4.05-$4.20 (prev. $4.00-$4.25).

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