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Dec 31, 2020
Masco Q4 2020 Earnings Report
Masco's Q4 2020 earnings were reported, revealing a strong finish to the year with significant sales and earnings growth.
Key Takeaways
Masco Corporation reported a 13% increase in sales for the fourth quarter, reaching $1,860 million. Operating profit increased by 20% to $307 million, and earnings per share from continuing operations rose by 30% to $0.73. The company anticipates continued strong demand and expects 2021 adjusted earnings per share to be in the range of $3.25 to $3.45.
Sales for the fourth quarter increased 13% to $1,860 million.
Operating profit for the quarter increased 20% to $307 million.
Earnings per share from continuing operations for the quarter increased 30% to $0.73 per share.
The board announced its intent to increase the annual dividend by 68% to $0.94 per share and authorized a new $2.0 billion share repurchase program.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Masco anticipates the demand for its products will remain strong in 2021 and expects adjusted earnings per share to range from $3.25 to $3.45.
Positive Outlook
- Demand for products expected to remain strong in 2021.
- Key housing fundamentals that drive the business improved during the second half of 2020.
- Consumers are viewing the value of their homes more favorably.
- New share repurchase authorization underscores strong financial position.
- Anticipated dividend increase increases shareholder value.
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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