Loading...
•
Mar 31, 2021
Masco Q1 2021 Earnings Report
Masco reported strong Q1 2021 results with sales and earnings growth.
Key Takeaways
Masco Corporation reported a 25% increase in sales to $1,970 million and a 62% increase in operating profit to $365 million. Adjusted earnings per share increased by 89% to $0.89. The company also repurchased 5.5 million shares for $303 million and anticipates 2021 adjusted earnings per share in the range of $3.50 - $3.70.
Net sales increased 25% to $1,970 million.
Operating profit increased 62% to $365 million.
Adjusted earnings per share increased 89% to $0.89.
The company anticipates 2021 adjusted earnings per share to be in the range of $3.50 to $3.70.
Masco
Masco
Masco Revenue by Segment
Masco Revenue by Geographic Location
Revenue by Segment
Plumbing Products Net Sales Revenue
CapyFin.comDecorative Architectural Products Net Sales Revenue
CapyFin.comRevenue by Geographic Location
North America Net Sales Revenue
CapyFin.comInternational Net Sales Revenue
CapyFin.com Forward Guidance
Masco anticipates its earnings per share for 2021 to be in the range of $3.50 to $3.70 per share, increased from its previous expectation of $3.25 to $3.45 per share.
Positive Outlook
- Strong performance in the first quarter
- Continued strength in the markets
- Ability to offset raw material and logistics inflation
- Markets remain strong
- Ability to execute well in a dynamic environment
Challenges Ahead
- Raw material and logistics inflation
- Anticipate challenges will continue for the next few quarters
- COVID-19 pandemic impact on domestic and international economic activity
- COVID-19 pandemic impact on consumer confidence
- COVID-19 pandemic impact on supply chain
Revenue & Expenses
Visualization of income flow from segment revenue to net income