Masco Corporation
65.22-3.21 (-4.69%)
Oct 29, 4:04:21 PM EDT · NYSE · MAS · USD
Key Stats
Market Cap
13.65BP/E (TTM)
16.68Basic EPS (TTM)
3.91Dividend Yield
0.02%Recent Filings
10-Q
8-K
10-Q
Q2 FY2025 results
Masco Corporation posted Q2 net sales of $2,051 million, down 2% y/y but flat excluding the Kichler divestiture and currency effects, driven by higher plumbing prices offsetting softer paints volume. Gross margin edged up to 37.6% from 37.5%, while operating profit climbed 4% y/y to $412 million, aided by lower SG&A expenses. For the half-year, sales fell 4% y/y to $3,852 million (down 1% adjusted), with operating profit dipping 2% to $698 million; diluted EPS held steady at $2.15 on 212 million shares. Plumbing Products surged 5% y/y in Q2 on pricing, while Decorative Architectural Products dropped 12% post-Kichler sale. Cash from operations generated $148 million, funding $231 million in share repurchases; quarter-end cash stood at $390 million against $2,993 million total debt, with $954 million revolver availability under covenants met. Free cash flow came in at $80 million (derived). Tariffs loom as a key risk, hiking costs in plumbing.
8-K
Q2 sales dip, margins expand
Masco Corporation reported Q2 2025 net sales down 2% to $2,051 million, yet expanded adjusted operating margin by 100 basis points to 20.1% through focused execution amid market headwinds. Adjusted EPS rose 8% to $1.30, while repurchasing 1.6 million shares for $101 million. Margins grew despite softer demand. Full-year adjusted EPS guidance restored at $3.90-$4.10, expecting sales in line with prior year adjusted for divestitures and currency.
8-K
CEO Allman retires July 8
Masco Corporation's President and CEO Keith J. Allman retired on July 8, 2025, triggering a separation agreement that secures his prorated 2025 cash bonus and restricted stock unit equivalent based on company performance. He also retains prorated shares from the 2023-2025 and 2024-2026 LTIPs if goals are met. Retirement marks a leadership transition. No interim CEO named yet.
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