Masco Q3 2022 Earnings Report
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.
Masco
Masco
Masco Revenue by Segment
Masco 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