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Dec 31, 2023
Masco Q4 2023 Earnings Report
Masco reported a decrease in sales but an increase in operating profit and earnings per share for Q4 2023.
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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