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Sep 30, 2022
Masco Q3 2022 Earnings Report
Masco's Q3 2022 performance reflected flat sales compared to the prior year, but local currency sales increased by 3 percent. Earnings per share increased, while adjusted earnings per share decreased slightly. The company authorized a new share repurchase program and lowered its full-year earnings guidance.
Key Takeaways
Masco Corporation reported flat sales of $2,204 million for Q3 2022 compared to Q3 2021, with a 3 percent increase in local currency. EPS increased to $0.97, while adjusted EPS decreased to $0.98. The company authorized a new $2.0 billion share repurchase program and anticipates lower market demand in Q4, leading to a revised full-year adjusted EPS guidance of $3.70 - $3.80.
Sales matched prior year at $2,204 million; increased 3 percent in local currency.
Operating profit was $351 million, with an operating margin of 15.9 percent.
Earnings per share increased 9 percent to $0.97; adjusted earnings per share decreased 1 percent to $0.98.
A new $2.0 billion share repurchase program was authorized by the board.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Masco anticipates 2022 earnings per share in the range of $3.73 - $3.83, and on an adjusted basis, in the range of $3.70 - $3.80.
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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