earnings
confidence high
sentiment positive
materiality 0.75
Masco Q3 adjusted EPS up 8% to $1.08; narrows FY2024 adjusted EPS guidance to $4.05-$4.15
MASCO CORP /DE/
2024-Q3 EPS reported
$2.91
revenue$6,000,000,000
- Net sales flat at $1,983M; Plumbing +2%, Decorative Architectural -3%.
- GAAP EPS $0.77 vs $1.10; adjusted EPS $1.08 vs $1.00, +8% YoY.
- Adjusted operating margin expanded 60bps to 18.2%; sixth consecutive quarter of margin growth.
- Repurchased 2.5M shares for $192M; Board declared $0.29 quarterly dividend payable Nov 25.
- FY2024 adjusted EPS guidance narrowed to $4.05-$4.15 from $4.05-$4.20.