secwatch.observer — SEC 8-K summary
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Issuer:     MASCO CORP /DE/ (MAS)
CIK:        0000062996
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0000062996-24-000032
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 up 8% to $1.08; narrows FY2024 adjusted EPS guidance to $4.05-$4.15
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/62996/000006299624000032/0000062996-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/62996/000006299624000032/mas-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000062996-24-000032

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