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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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