(A) In the second quarter of 2024, we recognized $4 million of goodwill in our Decorative Architectural Products segment related to an immaterial acquisition. The carrying value of our other indefinite-lived intangible assets were $107 million and $108 million at June 30, 2024 and December 31, 2023, respectively, and principally included registered trademarks. The carrying value of our definitelived intangible assets was $252 million (net of accumulated amortization of $136 million) at June 30, 2024 and $26 ...

MASCO CORPORATION Condensed Consolidated Balance Sheets and Other Financial Data - Unaudited June 30, 2024 and December 31, 2023 MASCO Highlights • On a reported basis, compared to second quarter 2023: • Net sales decreased 2 percent to $2,091 million; in local currency and excluding acquisitions, net sales decreased 2 percent ◦ Plumbing Products' net sales increased 2 percent; in local currency and excluding acquisitions, net sales increased 1 percent ◦ Decorative Architectural Products' net sales decrease ...

Our proven model does not conclusively predict an earnings beat for Masco this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here. Currently, MAS has a Zacks Rank #4 (Sell) and an Earnings ESP of -4.43%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Stocks With the Favorable Combination Here are some companies in the Zacks Constru ...

Nearly two years ago, in October 2022, I found myself revisiting Masco Corporation (NYSE:MAS). For those not familiar with the business, it operates as a home improvement and building products provider. Products that it sells include, but are not limited to, paints, bath and shower fixtures, faucets, and more. When I last wrote about the firm, I talked about how shares had gotten cheaper leading up to that point. I discussed how some may have viewed that as a buying opportunity. But I also argued that the d ...

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SANTA ANA, Calif., June 10, 2024 /PRNewswire/ -- Behr Paint Company proudly introduces its first-ever Commercial Color Forecast, a collection of future-focused color palettes inspired by design professionals from some of the nation's leading architectural firms. The 2025 Commercial Color Forecast will debut to designers and industry professionals at NeoCon held June 10-12, 2024 in Chicago. The 2025 Commercial Color Forecast—titled "No Clear Boundaries"—includes a palette of five color themes that range from ...

A month has gone by since the last earnings report for Masco (MAS) . Shares have lost about 1.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Masco due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Masco Q1 Earnings Beat Estimates, Margins Rise Y/Y Masco Corpora ...

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Masco Corporation (MAS) reported mixed results for first-quarter 2024, wherein earnings surpassed the Zacks Consensus Estimate but net sales lagged the same.On a year-over-year basis earnings increased despite net sales decline. Strong operational efficiency helped it deliver solid earnings. Masco’s focus on a balanced capital deployment strategy helped it return $212 million to shareholders via dividends and share repurchases.Shares of Masco lost 2.3% in the pre-market trading session on Apr 24.Inside the ...

Quarter Highlights • In local currency, international sales decreased 5% | --- | --- | |---------------------------------|----------------------| | ($ in Millions) | First Quarter 2024 | | Revenue Y-O-Y Change | $1,926 (3%) | | Operating Profit* Y-O-Y Change | $322 $10 | | Operating Margin* Y-O-Y Change | 16.7% 90 bps | | | | | EPS* Y-O-Y Change | $0.93 8% | • In local currency, North American sales decreased 1%, or 4% excluding acquisitions • Operating profit increase driven by cost savings initiatives and ...