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Dec 31, 2021

Masco Q4 2021 Earnings Report

Masco reported strong top-line growth for the fourth quarter of 2021, capping off an exceptional year.

Key Takeaways

Masco Corporation reported a 9% increase in sales for the fourth quarter, reaching $2,022 million. The company's adjusted earnings per share from continuing operations was $0.67. Masco expects earnings per share to be in the range of $4.06 - $4.26 per share for 2022, and on an adjusted basis, to be in the range of $4.10 - $4.30 per share.

Sales for the fourth quarter increased 9 percent to $2,022 million

Operating profit for the quarter was $218 million; adjusted operating profit was $265 million

Earnings per share from continuing operations for the quarter was $0.55 per share; adjusted earnings per share from continuing operations was $0.67 per share

Board declares a quarterly dividend of $0.28 per share, a 19 percent increase

Total Revenue
$2.02B
Previous year: $1.86B
+8.7%
EPS
$0.67
Previous year: $0.75
-10.7%
Gross Margin
30.6%
Previous year: 35.5%
-13.8%
Operating Margin
10.8%
Previous year: 16.5%
-34.5%
Gross Profit
$619M
Previous year: $660M
-6.2%
Cash and Equivalents
$926M
Previous year: $1.33B
-30.2%
Total Assets
$5.58B
Previous year: $5.78B
-3.5%

Masco

Masco

Masco Revenue by Segment

Masco Revenue by Geographic Location

Forward Guidance

Masco expects earnings per share to be in the range of $4.06 – $4.26 per share for 2022, and on an adjusted basis, to be in the range of $4.10 – $4.30 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income