Masco(MAS)

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Masco(MAS) - 2020 Q1 - Quarterly Report
2020-04-29 20:07
Financial Performance - Net sales increased by 4% to $1,581 million for the three-month period ended March 31, 2020, compared to $1,513 million in the same period of 2019[97] - Operating profit increased to $252 million for the three-month period ended March 31, 2020, up from $226 million in the same period of 2019[92] - Income from continuing operations was $133 million for the three-month period ended March 31, 2020, compared to $107 million in the same period of 2019[109] - Diluted income per common share increased to $0.48 for the three-month period ended March 31, 2020, up from $0.36 in the same period of 2019[109] - Gross profit margin improved to 34.6% for the three-month period ended March 31, 2020, compared to 34.5% in the prior year[102] Cash Flow and Investments - Net cash used for operating activities was $92 million for the three-month period ended March 31, 2020, impacted by an increase in accounts receivable[114] - Net cash provided by investing activities was $807 million, primarily from the sale of Cabinetry, net of cash disposed[116] - The current cash balance and borrowing availability under the Credit Agreement are deemed sufficient to fund near-term working capital needs[125] Impact of COVID-19 - The company anticipates significant adverse impacts on operations in the second quarter of 2020 due to the COVID-19 pandemic, including reduced consumer demand and supply chain disruptions[123] - The company anticipates experiencing short-term softness in its businesses due to the COVID-19 pandemic but remains confident in the fundamentals of its operations[130] - The company has implemented alternative work arrangements to ensure employee safety during the pandemic[127] Strategic Focus - The company is focused on leveraging its strong brand portfolio and industry-leading positions to drive long-term shareholder value[130] - The company emphasizes its strong financial position and cash flow generation as key drivers for future growth[130] - The company is committed to innovation and disciplined capital allocation to enhance its market position[130] - The company is focused on successfully executing its acquisition strategy and integrating acquired businesses[132] - The company is investing in new technology to achieve anticipated benefits and improve operational efficiency[132] Market Risks - The company acknowledges risks related to residential repair and remodel activity, new home construction, and the ongoing COVID-19 pandemic[132] - The company highlights the importance of maintaining its strong brands and reputation in the competitive landscape[132] - The company is monitoring the cost and availability of materials, which could impact its production capabilities[132]
Masco(MAS) - 2019 Q4 - Annual Report
2020-02-11 21:00
or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Commission file number: 1-5794 FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 Delaware 38-1794485 (State of Incorporation) (I.R.S. Employer Identification No.) 17450 College Parkway, Livonia, Michig ...
Masco(MAS) - 2019 Q3 - Quarterly Report
2019-10-30 20:07
☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the transition period from ___________ to ___________ Commission file number: 1-5794 Masco Corporation (Exact name of Registrant as Specified in its Charter) Delaware 38-1794485 (State or Other ...
Masco(MAS) - 2019 Q2 - Quarterly Report
2019-07-25 19:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 1-5794 Masco Corporation (Exact name of Registrant as Specified in its Charter) Delaware 38-1794485 (State or Other Juris ...
Masco(MAS) - 2019 Q1 - Quarterly Report
2019-04-25 20:03
FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 Commission file number: 1-5794 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Masco Corporation (Exact name of Registrant as Specified in its Charter) Delaware 38-1794485 (State of Incorporation) (I.R.S. Employer Identification No.) 17450 College Parkway, Livonia, Michigan 48152 (Address of Principal Executive Offices) (Zip Code) (313) 274-7 ...
Masco(MAS) - 2018 Q4 - Annual Report
2019-02-07 21:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2018 Commission File Number 1-5794 MASCO CORPORATION (Exact name of Registrant as Specified in its Charter) Delaware 38-1794485 (State of Incorporation) (I.R.S. Employer Identification No.) 17450 College Parkway, Livonia, Michigan 48152 (Address of Principal Executive Offices) (Zip Code) Registrant's teleph ...