Core Insights - Behr Paint Company has announced Cedar as its 2025 Exterior Stain Color of the Year, reflecting a trend towards natural, earthy tones among homeowners [1][2][4] - A significant 82% of homeowners are opting to enhance their current homes rather than purchasing new ones, indicating a strong market for home improvement products [1][4] Company Initiatives - The company is launching its second annual Curb Appeal Collection, featuring 45 exterior paint shades that cater to various design preferences, from earthy tones to vibrant colors [2][3][4] - Behr aims to simplify the color selection process for homeowners, addressing the concern that 51% find too many factors complicate their exterior paint choices [4] Product Details - Cedar is described as a warm, light golden-brown that enhances the natural beauty of wood and complements various architectural styles [5] - The Curb Appeal Collection includes four sub-palettes: Classic Haven, Modern Escape, Casual Oasis, and Artisan Retreat, each designed to evoke different atmospheres and aesthetics [6] Market Research - A study commissioned by Behr revealed that 71% of U.S. homeowners plan to update their home exteriors with stain, and 81% with paint in 2025 [1][9] - The survey included 1,000 American homeowners, balanced across demographics, with a margin of error of +/- 3 percentage points [9]

Core Insights - Behr Paint Company has announced Cedar as the 2025 Exterior Stain Colour of the Year, reflecting a trend where 76% of Canadian homeowners plan to undertake exterior renovations in 2025 [1] - A significant 66% of homeowners prefer updating their home's exterior rather than selling, indicating a shift towards home improvement [1] Company Overview - Behr Paint Company, founded in 1947, is a leading manufacturer of paints and related products in North America, known for brands like BEHR®, KILZ®, and WHIZZ® [5] - The company emphasizes quality, innovation, and value in its offerings, catering to both DIYers and professional contractors [6] Product Launch and Features - The 2025 Exterior Stain Colour of the Year, Cedar, is described as a warm, earthy light golden-brown that enhances the natural beauty of wood [3] - Behr is also launching its second annual Curb Appeal Collection, which includes 45 curated exterior paint colors to simplify the selection process for homeowners [2] - The Curb Appeal Collection features four sub-palettes: Classic Haven, Modern Escape, Casual Oasis, and Artisan Retreat, each designed to cater to different design styles and preferences [5] Market Trends - The study indicates that 78% of homeowners are open to painting their home's exterior a different color, but 48% feel overwhelmed by the choices available [2] - The trend towards natural, earthy tones in home design is growing, with Cedar embodying this consumer preference [2][3]

Core Viewpoint - Masco Corporation's fourth-quarter 2024 earnings exceeded expectations while net sales fell short of consensus estimates, reflecting challenges in sales volume and pricing in certain segments [1][4][12]. Financial Performance - Adjusted earnings per share (EPS) for the quarter were 89 cents, surpassing the Zacks Consensus Estimate of 88 cents, and increased from 83 cents in the prior year [4]. - Net sales totaled $1.83 billion, slightly missing the consensus mark of $1.84 billion and declining 3% year over year; however, excluding divestitures, net sales rose 1% in local currency [4][12]. - For the full year, net sales were reported at $7.83 billion, down 2% year over year, with North American sales declining 2% and international sales remaining flat [12]. Segment Analysis - Plumbing Products segment saw net sales decline 1% year over year to $1.19 billion, with North American sales down 2% and international sales up 2% in local currency [6]. - Decorative Architectural Products segment reported sales of $639 million, down 6% from the prior year, but increased 5% in local currency when excluding divestitures [8]. Margin and Cost Management - Adjusted operating margin improved by 40 basis points year over year to 16.8%, driven by cost savings initiatives and lower expenses, despite challenges from unfavorable volume mix and higher commodity costs [7]. - Adjusted gross margin contracted 30 basis points to 34.8%, while adjusted selling, general and administrative expenses as a percentage of net sales decreased by 170 basis points to 18.9% [10]. Shareholder Returns and Capital Deployment - The company returned $331 million to shareholders through dividends and share repurchases during the quarter [3]. - In 2024, Masco repurchased 10 million shares for approximately $757 million and announced a 7% increase in its quarterly dividend payment to 31 cents per share for Q1 2025 [15]. Future Guidance - For 2025, Masco expects adjusted EPS to range between $4.20 and $4.45, with net sales anticipated to be flat to up low-single digits when adjusted for divestitures and currency [16]. - The company projects demand in the global repair and remodel markets to be flat to down low single digits year over year [16].

Masco Corporation (NYSE:MAS) Q4 2024 Results Conference Call February 11, 2025 8:00 AM ET Company Participants Robin Zondervan - Vice President, Investor Relations, FP&A of Masco Corp Rick Westenberg - Vice President, Chief Financial Officer Keith Allman - President, Chief Executive Officer Conference Call Participants Stephen Kim - Evercore ISI John Lovallo - UBS Anthony Pettinari - Citi Sam Reid - Wells Fargo Matthew Bouley - Barclays Trevor Allinson - Wolfe Research Susan Maklari - Goldman Sachs Adam Bau ...

For the quarter ended December 2024, Masco (MAS) reported revenue of $1.83 billion, down 2.9% over the same period last year. EPS came in at $0.89, compared to $0.83 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of -0.65%. The company delivered an EPS surprise of +1.14%, with the consensus EPS estimate being $0.88.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

Masco (MAS) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.14%. A quarter ago, it was expected that this maker of Behr paint, Delta faucets and other building products would post earnings of $1.08 per share when it actually produced earnings of $1.08, delivering no surprise.Over th ...

Financial Performance - Net sales for 2024 were $7,828 million, a decrease of 2% compared to 2023, primarily due to lower sales volume of North America plumbing products and lower net selling prices of decorative architectural products[124]. - Gross profit for 2024 was $2,831 million, remaining flat compared to 2023, with a gross margin of 36.2%, an increase of 60 basis points from the previous year[126]. - Operating profit for 2024 was $1,363 million, an increase of 1% from 2023, positively impacted by the non-recurrence of an impairment charge for other intangible assets[129]. - Net income for 2024 was $822 million, a decrease of 9% compared to 2023, with diluted income per common share at $3.76, down 6%[135]. - The Plumbing Products segment reported net sales of $4,853 million, flat compared to 2023, while operating profit increased by 6% to $911 million[137]. - The Decorative Architectural Products segment experienced a 5% decline in net sales to $2,975 million, with operating profit also decreasing by 5% to $549 million[137]. - Other income (expense), net for 2024 was $(202) million, significantly impacted by a loss of $88 million on the sale of Kichler Lighting[131]. - The effective tax rate for 2024 was 25%, an increase of 300 basis points from 2023, influenced by the absence of a state income tax benefit recognized in the previous year[133]. - The company continues to face challenges from lower market demand and elevated commodity costs, aiming to offset these through productivity improvements and pricing initiatives[120]. Shareholder Returns - In 2024, the company repurchased approximately 10.0 million shares of common stock and increased its quarterly dividend by approximately 2% compared to 2023[17]. - The company has repurchased and retired 10 million shares of common stock in 2024 for approximately $757 million, with $896 million remaining under the share repurchase authorization[157]. - A quarterly dividend of $0.31 per share was declared in Q1 2025, with an intention to increase the annual dividend by 7% to $1.24 per share[107]. - In 2024, the company paid a quarterly dividend of $0.29 per share, totaling $254 million, and plans to increase the annual dividend by 7% to $1.24 per share in 2025[159]. Business Operations - The company completed the divestiture of its Kichler Lighting business in Q3 2024[17]. - The plumbing products segment is believed to be among the leaders in sales in North America and Europe, facing competition from brands like Moen and Kohler[20]. - The company operates 33 manufacturing facilities and 24 warehouse and distribution centers in North America as of December 31, 2024[97]. - The company has granted Behr brand exclusivity to The Home Depot in North America, impacting distribution flexibility[72]. - The company develops connected water products that enhance user experience with features like touchless activation and voice control[20]. - The Decorative Architectural Products segment is primarily sold through The Home Depot, which is the largest customer for this segment[22]. - In 2024, net sales to The Home Depot were $3.0 billion, accounting for approximately 38% of consolidated net sales[71]. - Sales concentration is significant, with Ferguson and Lowe's each representing less than 10% of consolidated net sales[71]. Market and Economic Factors - The company focuses on residential repair and remodeling activity, which is influenced by various economic factors[41]. - The company experienced a 20% of its sales made outside of North America in 2024, particularly in Europe, transacted in currencies other than the U.S. dollar[52]. - The company is affected by changing consumer preferences, including a shift towards e-commerce and demand for sustainable products[63]. - U.S. and Eurozone GDP are projected to grow at approximately 1.8% and 1.4%, respectively, in 2025[177]. Risks and Challenges - The company faces challenges in passing cost increases to customers, which may adversely impact its results of operations and financial position[47]. - The company has been negatively impacted by variability in the cost and availability of raw materials, which could continue to affect its financial position[46]. - The company relies on third-party suppliers for raw materials and components, and any disruptions in their operations could adversely impact its results[49]. - The company has experienced and may continue to experience constraints on transporting raw materials and finished products, leading to higher transportation costs[51]. - The company is exposed to foreign currency risks due to international operations, which could adversely impact its financial results[56]. - The company faces significant competition and must maintain strong brands and innovate to avoid losing market share[61]. - The company must comply with various international laws and regulations, which can be costly and may disrupt operations[55]. - Cybersecurity risks are a significant concern, with potential impacts on operations and financial position due to attacks[74]. - The company maintains a cybersecurity program aligned with the NIST Cybersecurity Framework to manage risks[88]. Financial Position and Assets - Total assets decreased from $5,363 million in 2023 to $5,016 million in 2024, a decline of approximately 6.5%[213]. - Current liabilities reduced from $1,695 million in 2023 to $1,560 million in 2024, representing a decrease of about 7.9%[213]. - The retained deficit increased from $(596) million in 2023 to $(693) million in 2024, indicating a worsening of approximately 16.3%[213]. - Total equity shifted from $98 million in 2023 to $(53) million in 2024, marking a decline of 154%[213]. - Goodwill decreased from $604 million in 2023 to $597 million in 2024, a reduction of about 1.2%[213]. - Inventories fell from $1,022 million in 2023 to $938 million in 2024, a decrease of approximately 8.2%[213]. - Total current assets decreased from $2,856 million in 2023 to $2,730 million in 2024, a decline of about 4.4%[213]. - Noncurrent operating lease liabilities decreased from $258 million in 2023 to $223 million in 2024, a reduction of approximately 13.6%[213]. - The company's total liabilities decreased from $5,247 million in 2023 to $5,069 million in 2024, a decline of about 3.4%[213]. - The company's cash and cash investments remained stable at $634 million in both 2023 and 2024[213]. Goodwill and Intangible Assets - The company's consolidated goodwill balance was $597 million as of December 31, 2024[208]. - In 2024, the company did not recognize any impairment charges for goodwill, as future discounted cash flows projected for all reporting units were greater than their carrying values[180]. - The company utilizes a weighted average cost of capital of approximately 8.50% to determine the discount rate for estimated future cash flows[178]. - A 10% decrease in the estimated fair value of reporting units would not have resulted in any goodwill impairment[180]. - The company did not recognize any impairment charges for other indefinite-lived intangible assets in 2024, as projected future discounted cash flows were greater than their carrying values[184]. - A 10% decrease in the estimated fair value of other indefinite-lived intangible assets would have resulted in a $1 million impairment[184]. - The company assesses the effectiveness of its internal control over financial reporting and determined it was effective as of December 31, 2024[196].

Exhibit 99 MASCO CORPORATION REPORTS FOURTH QUARTER AND 2024 YEAR-END RESULTS • Fourth Quarter Highlights • Full Year Highlights • Outlook for 2025 and Dividend Declaration LIVONIA, Mich. (February 11, 2025) - Masco Corporation (NYSE: MAS), one of the world's leading manufacturers of branded home improvement and building products, reported its fourth quarter and full-year 2024 results. 2024 Fourth Quarter Results 1 • Net sales decreased 3 percent to $1,828 million • Operating profit margin increased 280 bas ...

Masco Corporation (MAS) is scheduled to report fourth-quarter 2024 results on Feb. 11, before the opening bell.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, the company’s adjusted earnings met the Zacks Consensus Estimate while the net sales marginally topped the same by 0.1%. On a year-over-year basis, both the metrics grew 8% and 0.2%, respectively.Masco’s earnings topped the consensus mark in three of the last four quarters and met on the remaining o ...

Analysts on Wall Street project that Masco (MAS) will announce quarterly earnings of $0.88 per share in its forthcoming report, representing an increase of 6% year over year. Revenues are projected to reach $1.84 billion, declining 2.2% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during t ...