Masco Q4 2022 Earnings Report
Key Takeaways
Masco Corporation reported a 5% decrease in net sales to $1,923 million for the fourth quarter of 2022. Earnings per share were $0.51, with adjusted earnings per share at $0.65. The company anticipates a challenging near-term demand environment in 2023 but remains confident in the long-term fundamentals of its markets.
Sales decreased by 5% to $1,923 million in Q4 2022.
Operating profit was $185 million, with an adjusted operating profit of $234 million.
Earnings per share were $0.51, and adjusted earnings per share was $0.65.
The board declared a quarterly dividend of $0.285 per share, a 2% increase.
Masco
Masco
Masco Revenue by Segment
Masco Revenue by Geographic Location
Forward Guidance
Masco anticipates adjusted earnings per share to be in the range of $3.10 to $3.40 for 2023, with volumes expected to be down in the low double-digit range.
Positive Outlook
- Long-term fundamentals of repair and remodel markets remain strong.
- Focused on capitalizing on positive long-term demand trends.
- Aiming to improve margins and invest in growth opportunities.
- Strong balance sheet.
- Disciplined capital allocation.
Challenges Ahead
- Near-term demand environment expected to remain challenging.
- Volumes overall expected to be down in the low double-digit range.
- Soften demand.
- Higher operational costs
- Foreign currency
Revenue & Expenses
Visualization of income flow from segment revenue to net income