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 ...

Masco (MAS) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 11, 2025, might help the stock move higher if these key numbers are better than expec ...

Investors with an interest in Building Products - Miscellaneous stocks have likely encountered both Owens Corning (OC) and Masco (MAS) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates ...

A month has gone by since the last earnings report for Masco (MAS) . Shares have added about 0.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Masco due for a pullback? 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 Q3 Earnings Match Estimates, Sales Beat, EPS View LoweredM ...

Masco Corporation (MAS) reported third-quarter 2024 results, wherein earnings met the Zacks Consensus Estimate and net sales marginally beat the same. Strong operational efficiency helped it deliver strong earnings amid challenging market conditions. Shares of Masco lost 0.3% in the pre-market trading session on Tuesday. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Masco's focus on a balanced capital deployment strategy helped it return $255 million to shareholders via dividends ...

Financial Data and Key Metrics - Net sales were in line with the prior year, with gross profit margin rising 90 basis points to 36.7% due to operational efficiencies and cost savings [8] - Operating profit increased by $12 million (3%) to $360 million, with operating profit margin expanding 60 basis points to 18.2% [9] - Earnings per share grew 8% to $1.08 per share [9] - Free cash flow remained strong, with $255 million returned to shareholders through dividends and share repurchases [19] - Full-year operating margin is expected to be approximately 17.5%, at the top end of the previously guided range [22] Business Segment Performance Plumbing Segment - Sales increased 2% overall, with North American Plumbing sales up 2% and International Plumbing sales up 3% in local currency [10][11] - Operating profit for the segment increased by $17 million to $242 million, with operating margin expanding 100 basis points to 19.9% [11] - New product launches, such as the Tankless Reverse Osmosis Water Filtration System and PowderSpray Faucet, drove innovation and market leadership [12][13] Decorative Architectural Segment - Sales decreased 3% in the quarter, with DIY paint sales down mid-single digits and pro-paint sales up high single digits [15][16] - Operating profit decreased by $6 million to $138 million, with operating margin remaining strong at 18.1% [16] - The divestiture of Kichler Lighting impacted sales, but the company remains focused on core businesses [15] Market Performance - North American sales were in line with the prior year, while international sales increased 3% in local currency [28] - Europe showed signs of stabilization, while the China market remained challenging but benefited from project pipelines [32] - DIY paint market remains soft, with full-year DIY paint business expected to be down high single digits [35] Strategic Direction and Industry Competition - The company is focused on driving operational efficiencies, cost savings, and innovation to maintain market leadership [7][12] - The divestiture of Kichler Lighting is part of the strategy to streamline the portfolio and focus on core businesses [15] - The company expects to deploy approximately $750 million in 2024 for share repurchases or acquisitions [20] Management Commentary on Market Environment and Future Outlook - The company believes the long-term fundamentals of the repair and remodel markets are strong, driven by factors such as aging housing stock and higher home equity levels [24] - Management expects double-digit EPS growth through cycles, supported by favorable market fundamentals and disciplined capital deployment [25] - The company is well-positioned to outperform competitors due to its capacity, efficiency, and cost structures [25] Other Important Information - The company completed the sale of Kichler Lighting, which is expected to be accretive to margins [15][66] - The acquisition of Sauna360 has been successfully integrated, with the launch of Tylö branded saunas into the existing dealer network [14] - The company maintains a strong balance sheet with $1.6 billion of liquidity and gross debt to EBITDA at 2x [36] Q&A Session Summary DIY Paint Weakness - DIY paint sales remained consistent through the quarter, with no notable changes [46][47] - The company does not view the election as a direct factor affecting DIY paint but emphasizes the importance of responding to market volatility [48][49] Margin Performance - The company achieved its sixth consecutive quarter of margin expansion, driven by operational excellence and cost savings initiatives [51][52] - Full-year margins are expected to expand for both Plumbing and Decorative Architectural segments [53] Repair and Remodel Market Outlook - The company maintains its expectation of 3% to 5% growth for the repair and remodel market, with strong long-term fundamentals [56][57] - The timing of market recovery remains uncertain, but the company is well-positioned to respond quickly [57] Pro Paint Business - The pro paint business is approximately $900 million in size, with expectations to continue growing above market and gaining share [63] - The company has flexibility to shift production from DIY to pro paint based on demand [97] Commodity and Freight Costs - Commodity costs, particularly copper and zinc, have been a headwind, but the company has offset these through cost savings and pricing actions [84][85] - Commodity costs remain elevated, which will factor into pricing strategies for 2025 [89] M&A Strategy - The company remains focused on bolt-on acquisitions within its core businesses, such as Plumbing, coatings, and wellness [101][102] - Proceeds from the Kichler divestiture are expected to be allocated to share buybacks, increasing the capacity for buybacks or acquisitions to $750 million [104] Wellness Business - The Wellness business, including Sauna360, has shown stability and is well-positioned for future growth [111][112]

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 ...