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Mar 31, 2024
Masco Q1 2024 Earnings Report
Masco reported mixed results for Q1 2024, with sales declining but profitability improving.
Key Takeaways
Masco Corporation reported a 3% decrease in net sales to $1,926 million for Q1 2024. However, the company saw a 1% increase in operating profit to $318 million, with adjusted operating profit rising by 3% to $322 million. EPS increased to $0.97, and adjusted EPS grew by 8% to $0.93. The company repurchased 2.1 million shares for $148 million and maintains its full-year EPS guidance of $4.00 - $4.25.
Net sales decreased by 3% to $1,926 million.
Operating profit increased by 1% to $318 million; adjusted operating profit increased by 3% to $322 million.
EPS was $0.97; adjusted EPS grew by 8% to $0.93.
The company repurchased 2.1 million shares for $148 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Masco anticipates that 2024 adjusted earnings per share will be in the range of $4.00 to $4.25 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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