Masco Q3 2023 Earnings Report
Key Takeaways
Masco Corporation reported a decrease in net sales by 10% to $1,979 million. Despite the sales decrease, the company's operating profit increased by 9% to $383 million, and adjusted earnings per share grew by 1% to $1.00. The company returned $109 million to shareholders through share repurchases and dividends and raised its expected 2023 earnings per share to $3.65 - $3.75.
Operating profit was $383 million; adjusted operating profit was $348 million.
Operating profit margin was 19.4 percent; adjusted operating profit margin expanded 170 basis points to 17.6 percent.
Earnings per share was $1.10; adjusted earnings per share grew 1 percent to $1.00.
Returned $109 million to shareholders through share repurchases and dividends, and closed the acquisition of Sauna360 Group Oy for €124 million.
Masco
Masco
Masco Revenue by Segment
Masco Revenue by Geographic Location
Forward Guidance
Masco anticipates its 2023 adjusted earnings per share to be in the range of $3.65 to $3.75.
Revenue & Expenses
Visualization of income flow from segment revenue to net income