Masco (MAS) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this maker of Behr paint, Delta faucets and other building products would post earnings of $1.16 per share when it actually produced earnings of $1.20, delivering a surprise of 3.45%. Over the last four quarters, the company has surpassed consensus EPS estimates ...

Third Quarter 2024 Earnings Presentation October 29, 2024 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 pe ...

Financial Performance - Net sales for Q3 2024 were $1,983 million, flat compared to Q3 2023, while net sales for the first nine months of 2024 decreased by 1% to $6,000 million compared to the same period in 2023[59][61]. - Gross profit for Q3 2024 was $725 million, a decrease of 3%, impacted by higher commodity costs and unfavorable sales mix[63]. - Operating profit for Q3 2024 was $357 million, down 7% from Q3 2023, primarily due to decreased gross profit and higher selling, general and administrative expenses[64]. - Selling, general and administrative expenses for Q3 2024 increased by 2% to $368 million, mainly due to higher marketing costs[64]. - Net income for Q3 2024 was $167 million, a decrease of 33% compared to $249 million in Q3 2023, with diluted income per share falling to $0.77 from $1.10[69]. - The effective tax rate for Q3 2024 was 27%, unfavorably impacted by adjustments related to filed tax returns and uncertain tax positions[68]. - Other income (expense), net for Q3 2024 was $(109) million, significantly impacted by a preliminary loss on the sale of Kichler Lighting of $81 million[67]. Sales Performance by Segment - Net sales for Plumbing Products increased by 2% to $1,219 million for the three months ended September 30, 2024, and by 1% to $3,665 million for the nine months ended September 30, 2024[71]. - Decorative Architectural Products segment saw a decrease in net sales of 3% for the three months and 5% for the nine months ended September 30, 2024, primarily due to the divestiture of the Kichler business[74]. - North America net sales were flat for the three months ended September 30, 2024, and decreased by 1% for the nine months, impacted by lower sales volume and the divestiture of Kichler[76]. - International net sales increased by 3% for the three months ended September 30, 2024, driven by higher sales volume, while decreasing by 2% for the nine months[78]. Cash and Investments - Cash and cash investments totaled approximately $646 million as of September 30, 2024, compared to $634 million at December 31, 2023[80]. - The company repurchased approximately 6.6 million shares for about $486 million during the nine months ended September 30, 2024, with $1.2 billion remaining under the share repurchase authorization[90]. - The company anticipates using approximately $750 million of cash for share repurchases in 2024 as part of its long-term capital allocation strategy[90]. - Net cash provided by operations was $668 million for the nine months ended September 30, 2024, primarily driven by operating profit[91]. Strategic Initiatives and Risks - The company aims to offset lower demand and elevated costs through productivity improvements and pricing initiatives[57]. - The acquisition of Sauna360 Group Oy contributed to sales growth in the Plumbing Products segment, while the divestiture of Kichler negatively impacted Decorative Architectural Products sales[72][89]. - Future performance may be influenced by residential repair and remodel activity, new home construction, and the ability to maintain strong brands[96]. - The company faces risks related to supply chain, material costs, and cybersecurity vulnerabilities[96]. - The company emphasizes the importance of attracting and retaining a talented and diverse workforce[96]. - The company is focused on developing innovative products to respond to changing consumer preferences[96]. - Strategic initiatives and acquisition strategies are critical for achieving anticipated benefits[96]. - The company acknowledges the impact of extreme weather events and climate changes on operations[96]. Internal Controls and Legal Matters - The company's disclosure controls and procedures were effective as of September 30, 2024[99]. - There were no changes that materially affected internal control over financial reporting during the quarter ended September 30, 2024[100]. - Legal proceedings involving the company are detailed in the condensed consolidated financial statements[102]. - The company does not undertake any obligation to update forward-looking statements unless required by law[97].

Exhibit 99 https://files.reportify.cc MASCO CORPORATION REPORTS THIRD QUARTER 2024 RESULTS Highlights • Net sales were in line with prior year at $1,983 million • Operating profit decreased 7 percent to $357 million; adjusted operating profit increased 3 percent to $360 million • Operating profit margin decreased 140 basis points to 18.0 percent; adjusted operating profit margin increased 60 basis points to 18.2 percent • Earnings per share was $0.77 per share; adjusted earnings per share grew 8 percent to ...

Masco Corporation (MAS) is scheduled to report third-quarter 2024 results on Oct. 29, before the opening bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, the company's adjusted earnings beat the Zacks Consensus Estimate by 3.5% and rose 0.8% year over year. However, net sales marginally missed the consensus mark by 0.4% and declined 1.7% year over year. Masco's earnings topped the consensus mark in each of the last four quarters, with the average ...

Masco Corporation (MAS) is well-poised for growth, given its sustained focus on operational efficiency, investment in new products and inorganic drive. This apart, the company is well-positioned for robust long-term growth, thanks to its market-leading brands, acquisition synergies and strong liquidity position. In the past three months, Masco's stock has gained 27.4% comparing favorably with the Zacks Building Products – Miscellaneous industry, the broader Construction sector and the S&P 500 index's growth ...

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Design students encouraged to enter for a chance to win $3,000, plus $1,000 for their design school SANTA ANA, Calif., Sept. 19, 2024 /PRNewswire/ -- Today, Behr Paint Company announces its first-ever BEHR® Student Design Competition in partnership with MattoBoard, a 3D virtual sampling platform for designers. The competition is open starting today, September 19, through November 10, 2024, for full-time or part-time emerging professional design students.* Behr Paint invites design students to submit an orig ...

Masco Corporation (MAS) has taken a decisive step toward sharpening its focus on core operations by entering into a definitive agreement to sell its Kichler Lighting business to an affiliate of Kingswood Capital Management for approximately $125 million. The sale is expected to be completed by the end of the year, pending customary closing conditions and regulatory approvals. Shares of Masco lost 1.6% during the trading session on Sept. 3, 2024. How Will Masco Benefit From the Kichler Lighting Sale This div ...

TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Today, Behr Paint Company announces its highly anticipated 2025 Colour of the Year: Rumors, a deep and dynamic ruby red that empowers DIYers, designers and paint professionals to create impactful colour moments. In fact, about 69% of Canadians say they would consider painting a room or wall a shade of red, and Rumors is the perfect choice with its unique balance of warmth and vitality. "We're seeing people embrace colour like never before," said Erika Woelfel, Vice ...