INVESTOR PRESENTATION March 2026 Safe Harbor Statement This presentation contains statements that reflect our views about our future performance and constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "outlook," "believe," "anticipate," "appear," "may," "will," "should," "intend," "plan," "estimate," "expect," "assume," "seek," "forecast," and similar references to future periods. Our views about fu ...

Core Insights - Home improvement stocks are closely tied to housing-market conditions, interest rates, consumer spending, and DIY/remodeling trends, with five key companies highlighted for their high trading volume [2] Company Summaries - **Home Depot (HD)**: Operates as a home improvement retailer, selling building materials, home improvement products, lawn and garden products, and offering installation services for various home improvement needs [3] - **Lowe's Companies (LOW)**: Functions as a home improvement retailer, providing a wide range of products for construction, maintenance, repair, remodeling, and decorating [4] - **Masco (MAS)**: Designs, manufactures, and distributes home improvement and building products, with a focus on plumbing products including faucets, showerheads, and other related items [5] - **Medallion Financial (MFIN)**: A specialty finance company offering loans for recreational vehicles, home improvement projects, and commercial lending, among other services [6] - **Jewett-Cameron Trading (JCTC)**: Supplies value-added building materials to major home improvement center chains, focusing on the residential repair and remodeling segment [8]

Behr Paint Company Unveils 2026 Exterior Stain Color of the Year, Taupe, Alongside Outdoor Accent Color Collection Accessibility StatementSkip Navigation The curated pairing refreshes outdoor living spaces with subtle sophistication and intentional pops of color. SANTA ANA, Calif., March 19, 2026 /PRNewswire/ -- Behr Paint Companyhas revealed Taupeas its 2026 Exterior Stain Color of the Year, a refined and versatile shade designed to bring a sense of balance and harmony to the home's exterior. Blending soft ...

With a market cap of $12.2 billion, Masco Corporation (MAS) is a global manufacturer of home improvement and building products, serving customers across North America, Europe, and other international markets. The company operates through two main segments: Plumbing Products, which includes a wide range of faucets, showers, plumbing systems, and spa-related products, and Decorative Architectural Products, which offers paints, coatings, and hardware solutions. Companies valued at $10 billion or more are ge ...

Core Viewpoint - Masco is undergoing leadership changes with Jon Nudi recently appointed as CEO, bringing prior board experience to the role [2][3]. Group 1: Company Overview - Jon Nudi has been with Masco for 8 months as CEO and previously served on the Board for a couple of years [2]. - The company is positioned to leverage its strengths and explore new opportunities under the new leadership [3]. Group 2: Leadership Insights - Jon Nudi expressed excitement about the potential within the company and the alignment of opportunities that led to his appointment as CEO [3].

Summary of Masco's Conference Call Company Overview - **Company**: Masco Corporation - **Industry**: Home improvement and building products - **Sales**: Approximately $7.6 billion in sales for the year - **EPS**: $3.96 for 2025 - **Operating Profit**: $1.3 billion with a slight decrease in margins due to tariffs [5][28] Core Business Segments 1. **Plumbing Segment**: - Major brands include Delta Faucet, Brizo, Newport Brass, and Hansgrohe - Sales of approximately $5.2 billion with 17.6% margins - Focus on repair and remodel market, with low-ticket items that are less cyclical [11][12] - Delta is the number one faucet brand in the U.S. [8] - E-commerce is a growing channel, with significant share growth [12] 2. **Decorative Architectural Products**: - Includes Behr Paint and KILZ primer, primarily sold through The Home Depot - Sales of about $2.4 billion with 18.9% profit margin - Behr Paint holds close to 1/3 of the DIY paint market share in the U.S. [14] - Pro business has grown over 70% in recent years, but still has less than 10% market share [15] Strategic Focus Areas - **Brand Building**: Emphasis on maintaining strong brand recognition and relevance in the market [4][6] - **Innovation**: Commitment to introducing new products, targeting 25% of total business from products launched in the last three years [16] - **Operational Excellence**: Focus on customer service and efficient operations [4][6] Market Dynamics - **Housing Market**: Long-term macro factors remain positive, with home equity levels up 80% over recent years [28][29] - **Consumer Confidence**: Identified as a key barrier to market recovery, with potential for pent-up demand to unlock [30] - **Aging Housing Stock**: Over 55% of homes are over 40 years old, indicating a need for repair and remodel [29] Financial Strategy - **Capital Allocation**: Disciplined strategy with a focus on reinvestment, share buybacks, and maintaining a relevant dividend [32][33] - **Restructuring**: Planned $70 million in restructuring actions with strong ROI to free up capital for growth [28] - **Growth Targets**: Aim for organic growth of 3%-5% and an average annual EPS growth of at least 10% [31][32] Challenges and Opportunities - **Tariff Environment**: $200 million gross tariff exposure, with ongoing uncertainty affecting guidance [35] - **Market Trends**: Early signs of improvement in business trends for 2026, with cautious optimism for better performance compared to 2025 [38][39] - **Executive Compensation Changes**: Shift in variable compensation metrics to emphasize organic growth alongside profit [40][44] Conclusion - Masco is positioned to leverage its strong brand portfolio, focus on innovation, and operational excellence to navigate current market challenges and capitalize on future growth opportunities. The company remains committed to a disciplined capital allocation strategy while adapting to changing market dynamics and consumer needs [34][31].

Summary of Masco Conference Call Company Overview - **Company**: Masco Corporation - **Industry**: Home improvement and building products - **CEO**: Jon Nudi, who has been with Masco for 8 months and previously served on the board for 2 years [2][3] Key Financials - **Sales**: Approximately $7.6 billion - **EPS**: $3.96 for 2025 - **Operating Profit**: $1.3 billion - **Margins**: Slight decline due to tariff impacts, with a forecast to improve in 2026 [5][28] Business Segments 1. **Plumbing Segment**: - Major brands include Delta Faucet, Brizo, Newport Brass, and Hansgrohe - Sales: Approximately $5.2 billion with 17.6% margins - Focus on repair and remodel, with limited exposure to new home construction [7][10][11] 2. **Decorative Architectural Products**: - Major brands include Behr Paint and KILZ primer - Sales: Approximately $2.4 billion with 18.9% profit margin - Strong relationship with The Home Depot, which sells the majority of Behr products [12][13] Strategic Focus Areas - **Brand Building**: Emphasis on maintaining strong brand recognition and relevance in the market [4][6] - **Innovation**: Commitment to product innovation, including new product lines and enhancements [16][19] - **Operational Excellence**: Focus on customer service and efficient operations [4][10] Market Dynamics - **Housing Market**: Over 55% of homes are over 40 years old, indicating a need for repair and remodel [29] - **Consumer Confidence**: Identified as a key factor affecting market performance; current levels are low but expected to improve [30] - **Pent-up Demand**: Anticipated increase in remodeling activity as consumer confidence returns [30] Growth Strategy - **Top-line Growth**: Shift in executive compensation metrics to emphasize organic growth alongside profit [41][45] - **Capital Allocation**: Plans for disciplined capital allocation, including share buybacks and dividends [33][34] - **Restructuring**: Approximately $70 million in restructuring planned to enhance ROI and free up capital for growth [28] Digital and E-commerce Focus - **Digital Innovation**: Emphasis on digital solutions that address consumer needs, such as digital showers and steam showers [19][26] - **E-commerce Growth**: Significant growth in e-commerce sales, particularly for Delta Faucet products [11] Challenges and Outlook - **Tariff Environment**: Ongoing uncertainty regarding tariffs and their impact on margins [36] - **Market Recovery**: Cautious optimism for 2026, with expectations for improved market conditions compared to 2025 [38][40] Conclusion - **Long-term Vision**: Masco aims to grow above GDP by 1-2 percentage points, with a target of 10% annual EPS growth [32][33] - **Commitment to Shareholders**: Focus on returning value to shareholders through dividends and share buybacks while investing in growth opportunities [34]

Core Thesis - Masco Corporation is viewed positively due to its strong positioning in the home improvement sector, with a focus on plumbing products that provide steady demand regardless of housing market fluctuations [2][3][4]. Company Overview - Masco Corporation operates in the home improvement and building products industry, with a significant presence in North America and Europe [2]. - The company derives over 60% of its revenue from plumbing products, making it less susceptible to the volatility of new home construction [3]. Financial Performance - Masco has a strong track record of generating solid free cash flow, which supports a balanced capital allocation strategy including dividends and share repurchases [4]. - The company's revenue from its Behr® paint brand exceeds $1 billion, contributing to its brand strength and pricing power [4]. Market Position - Masco is characterized as a low-profile industrial compounder that has successfully navigated multiple economic cycles while modernizing its portfolio [5]. - The company is expected to perform well if renovation trends remain strong, supporting shareholder value through consistent capital returns [5].

Core Thesis - Masco Corporation is viewed positively due to its strong positioning in the home improvement sector, with a focus on plumbing products that provide steady demand regardless of housing market fluctuations [2][3][4]. Company Overview - Masco Corporation operates in the home improvement and building products industry, with a significant presence in North America and Europe [2]. - The company derives over 60% of its revenue from plumbing products, making it less susceptible to the volatility of new home construction [3]. Financial Performance - Masco has a strong track record of generating solid free cash flow, which supports a balanced capital allocation strategy including dividends and share repurchases [4]. - The company's revenue from its Behr® paint brand exceeds $1 billion, contributing to its brand strength and pricing power [4]. Market Position - Masco is characterized as a low-profile industrial compounder that has successfully navigated multiple economic cycles while modernizing its portfolio [5]. - The company is expected to perform well if renovation trends remain strong, supporting shareholder value through consistent capital returns [5].

Core Viewpoint - Sekur Private Data, Inc. has successfully had its software portfolio approved and listed under the U.S. General Services Administration (GSA) Multiple Award Schedule, facilitating its entry into U.S. government sales [1] Group 1: Company Overview - Sekur Private Data, Inc. is a leading Swiss-hosted cybersecurity and private communications platform [1] - The company is a wholly owned subsidiary of Sekur Private Data [1] Group 2: Partnership and Contract Details - The partnership with i3 Integrated Creative Solutions (i3ICS) streamlines acquisition processes for federal, state, and local agencies [1] - The contract is identified as Contract No. 47QTCA18D0089 under the GSA Multiple Award Schedule [1]