Masco Q4 2023 Earnings Report
Key Takeaways
Masco Corporation reported a 2% decrease in net sales to $1,882 million for the fourth quarter of 2023. However, the company saw a 34% increase in operating profit to $247 million and earnings per share increased to $0.85. Adjusted earnings per share grew 28% to $0.83.
Sales for the fourth quarter decreased 2 percent to $1,882 million.
Operating profit for the quarter was $247 million, while adjusted operating profit increased 16 percent to $272 million.
Earnings per share for the quarter was $0.85, with adjusted earnings per share growing 28 percent to $0.83.
The board declared a quarterly dividend of $0.29 per share, a 2 percent increase.
Masco
Masco
Masco Revenue by Segment
Masco Revenue by Geographic Location
Forward Guidance
Masco anticipates full year adjusted earnings per share to be in the range of $4.00 to $4.25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income