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Mar 31, 2023
Masco Q1 2023 Earnings Report
Masco's financial performance declined in Q1 2023 due to softened demand and persistent inflation, but margins were mitigated by pricing actions and operational improvements.
Key Takeaways
Masco Corporation reported a 10% decrease in net sales to $1,979 million for Q1 2023. Despite the sales decrease, the company improved adjusted gross margin by 150 basis points. Earnings per share was $0.90, and adjusted earnings per share was $0.87. The company repurchased 1.1 million shares for $56 million and reaffirmed its full-year earnings per share guidance.
Net sales decreased by 10 percent to $1,979 million.
Earnings per share was $0.90 per share; adjusted earnings per share was $0.87 per share.
Gross margin increased 180 basis points to 33.8 percent.
The company repurchased 1.1 million shares for $56 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company continues to expect 2023 earnings per share in the range of $3.06 – $3.36 per share, and on an adjusted basis, $3.10 – $3.40 per share.
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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