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Masco Corporation reported a 12% increase in net sales to $2,201 million and a 7% increase in adjusted earnings per share to $0.95. The company anticipates 2022 adjusted earnings per share to be in the range of $4.15 to $4.35.
Net sales increased by 12% to $2,201 million.
Operating profit was $353 million with an operating margin of 16.0%.
Earnings per share increased 185% to $0.97 per share.
The company repurchased 6.1 million shares for $364 million.
Masco anticipates 2022 earnings per share in the range of $4.12 - $4.32, and on an adjusted basis, in the range of $4.15 - $4.35 per share.
Visualization of income flow from segment revenue to net income