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Sep 30, 2024
Masco Q3 2024 Earnings Report
Masco's financial performance remained stable with net sales in line with the previous year, and adjusted operating margin expanded, driving adjusted earnings per share growth.
Key Takeaways
Masco Corporation reported third quarter 2024 results with net sales of $1,983 million, in line with the prior year. Adjusted operating profit increased by 3% to $360 million, and adjusted earnings per share grew by 8% to $1.08. The company repurchased 2.5 million shares for $192 million and expects 2024 adjusted earnings per share in the range of $4.05 to $4.15.
Net sales were in line with the prior year at $1,983 million.
Adjusted operating profit increased 3 percent to $360 million; adjusted operating profit margin increased 60 basis points to 18.2 percent.
Adjusted earnings per share grew 8 percent to $1.08 per share.
Repurchased 2.5 million shares for $192 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Masco expects 2024 adjusted earnings per share to be in the range of $4.05 to $4.15.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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