Masco Corporation

MAS
Sector

Industrials

Industry

Building Products & Equipment

Market Cap

$15.58B

Employees

18K

Company Overview

Masco Corporation is a global leader in the design, manufacture, and distribution of branded home improvement and building products. Their portfolio includes industry-leading brands such as BEHR paint, DELTA and HANSGROHE faucets, and KICHLER lighting. The company leverages these powerful brands across product categories, sales channels, and geographies to create value for customers and shareholders.

Filing Highlights

Key insights and themes extracted from this filing

6 Themes

Financial Performance

3 Insights

Net sales for the three months ended June 30, 2024, were $2,091 million, a 2% decrease compared to $2,127 million for the same period in 2023. This decrease is primarily due to lower sales volume in paints and other coating products and unfavorable sales mix in plumbing products.

Gross margin increased to 37.5% for the three months ended June 30, 2024, compared to 36.2% for the same period in 2023, an increase of 130 bps. This increase was positively impacted by cost savings initiatives and lower commodity costs, partially offset by unfavorable sales mix and lower sales volume.

Operating profit for the three months ended June 30, 2024, was $397 million, a slight decrease compared to $403 million for the same period in 2023. This was negatively impacted by higher selling, general, and administrative expenses, partially offset by increased gross profit.

Growth & Strategy

2 Insights

Management Execution

2 Insights

Risk Factors

1 Insight

Competitive Position

2 Insights

Capital Allocation

2 Insights