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Sep 30, 2021
Masco Q3 2021 Earnings Report
Masco experienced double-digit sales growth and navigated supply chain challenges.
Key Takeaways
Masco Corporation reported an 11 percent increase in sales to $2,204 million. The company's operating profit was $385 million, and adjusted earnings per share were $0.99. Masco returned $186 million to shareholders through dividends and share repurchases.
Sales increased 11 percent to $2,204 million.
Operating profit was $385 million and operating margin was 17.5 percent.
Earnings per share from continuing operations was $0.89 per share; adjusted earnings per share from continuing operations was $0.99 per share.
Returned $186 million to shareholders in the form of dividends and share repurchases.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Masco expects to deliver full year adjusted earnings per share in the range of $3.67 to $3.73. The company expects to achieve margin expansion and double-digit adjusted earnings per share growth in 2022.
Positive Outlook
- Demand for products remains strong across categories and channels.
- Continuing to enhance operational efficiency.
- Capitalizing on opportunities.
- Navigating supply chain constraints.
- Navigating inflation.
Challenges Ahead
- Supply chain constraints.
- Inflation.
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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