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Masco
🇺🇸 NYSE:MAS
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OverviewEarningsDividends
•
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.

Total Revenue
$1.98B
Previous year: $2.2B
-10.1%
EPS
$0.87
Previous year: $0.95
-8.4%
Gross Margin
33.8%
Previous year: 32%
+5.6%
Operating Margin
15.9%
Previous year: 16%
-0.6%
Gross Profit
$669M
Previous year: $704M
-5.0%
Cash and Equivalents
$510M
Previous year: $479M
+6.5%
Total Assets
$5.43B
Previous year: $5.57B
-2.5%

Masco

Masco

Masco Revenue by Segment

Masco 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

Company Overview

Full financial data and analysis

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