secwatch.observer — SEC 8-K summary
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Issuer:     MASCO CORP /DE/ (MAS)
CIK:        0000062996
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000062996-24-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62996/000006299624000026/0000062996-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62996/000006299624000026/mas-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000062996-24-000026

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