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 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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Core Points - Behr Paint Company has launched its first-ever BEHR® Student Design Competition in partnership with MattoBoard, aimed at emerging design students [1][2] - The competition invites students to submit original design plans for commercial spaces, with a theme inspired by the BEHR 2025 Commercial Color Forecast [1][2] - The competition runs from September 19 to November 10, 2024, and includes a cash prize of $3,000 for the winner and $1,000 for their design school [3] Competition Details - The judging panel consists of industry professionals including Erika Woelfel, Guy Adam Ailion, Kayla Kratz, and Amber Jones [2] - The runner-up will receive a cash prize of $1,500, while the second runner-up will receive $500 [3] - All winners will also receive a 1-year MattoBoard Pro Subscription [3] Company Background - Behr Paint Company, founded in 1947, is a leading manufacturer of paints and related products in North America [6] - The company is committed to quality, innovation, and value, serving both DIYers and professional contractors [6] - Behr Paint Company is a subsidiary of Masco Corporation, which is publicly traded on the NYSE [6]

Core Insights - Behr Paint Company has announced its 2025 Color of the Year, "Rumors," a deep ruby red that aims to inspire creativity and self-expression in home design [1][2] - A significant 76% of Americans are open to painting a room or wall in a shade of red, with preferences for accent walls, bedrooms, and front doors [2] - The color red is perceived positively, with 86% of respondents noting that homes with red front doors stand out, and 60% feeling energized by its use in home design [2] Company Overview - Behr Paint Company, founded in 1947, is a leading manufacturer of paints and related products in North America, known for its commitment to quality and innovation [6][7] - The company offers a range of products including BEHR DYNASTY® and BEHR MARQUEE®, which feature the new Color of the Year, Rumors, available exclusively at The Home Depot [5] Marketing and Engagement - To promote the 2025 Color of the Year, Behr Paint is hosting a sweepstakes on social media platforms, offering a $10,000 prize for home improvement projects using Rumors [4] - The company emphasizes the versatility of Rumors, suitable for various design styles and projects, from small accents to full room transformations [2][3]

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 ...

Group 1 - Zacks Premium provides various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1][2] - The Zacks Style Scores rate stocks based on value, growth, and momentum, helping investors identify securities with high potential for market outperformance [2][3] - Each stock receives a rating from A to F, with A indicating the highest potential for outperforming the market [3] Group 2 - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [3] - The Growth Score assesses a company's financial health and future growth potential through earnings and sales projections [4] - The Momentum Score identifies optimal entry points based on price trends and earnings estimate changes [4] Group 3 - The VGM Score combines all three Style Scores, providing a comprehensive indicator for stock selection [5] - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in building successful portfolios [6][7] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7] Group 4 - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for the best chances of high returns [9] - Stocks with lower ranks but high Style Scores may still face downward price pressure due to negative earnings outlooks [10] Group 5 - Masco Corporation, headquartered in Taylor, MI, operates in the home improvement and building products sector [11] - Masco holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating potential for growth [11] - The company is forecasted to achieve a year-over-year earnings growth of 6.5% for the current fiscal year, supported by upward revisions in earnings estimates [12]

Financial Data and Key Metrics Changes - The company reported a 2% decrease in net sales for the second quarter, consistent with the previous two quarters, primarily due to lower volume and mix [31][43] - Gross profit increased by $16 million, with gross margin rising by 140 basis points to 37.6% due to operational efficiencies and cost savings [31][43] - Operating profit was $399 million, with an operating profit margin of 19.1%, and earnings per share grew by 1% to $1.20 [32][45] Business Line Data and Key Metrics Changes - Plumbing sales increased by 2% overall, with North American Plumbing sales up 5% and International Plumbing sales down 1% in local currency [33][46] - Decorative Architectural segment sales decreased by 7%, with DIY paint sales down low double digits and pro paint sales up mid-single digits [36][50] - Operating profit for the Plumbing segment rose by $4 million to $249 million, while the Decorative Architectural segment's operating profit decreased by $6 million to $174 million [34][51] Market Data and Key Metrics Changes - North American Plumbing sales showed signs of stabilization, while International Plumbing sales demonstrated continued challenges, particularly in Europe and China [12][33] - The DIY paint market faced significant challenges, leading to a revised expectation of a mid-single-digit decline for the full year [50][57] - The company anticipates overall sales for the total company to remain within a previously guided range of plus or minus low single digits for the year [39][54] Company Strategy and Development Direction - The company is focused on operational excellence, brand strength, service, and innovation to drive margin expansion and shareholder value [30][41] - There is an emphasis on maintaining a strong balance sheet and returning capital to shareholders through dividends and share repurchases [38][52] - The company plans to continue investing in brands and capabilities to outperform competition and achieve double-digit EPS growth [41][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the repair and remodel markets, citing factors such as aging housing stock and increased home equity [41][76] - The company is tempering expectations for sales in the second half of the year, now anticipating flat sales, while raising full-year operating margin expectations to 17% to 17.5% [39][55] - Management noted that they are well-positioned to leverage volume growth when the market returns to normalized growth rates [40][56] Other Important Information - Delta Faucet received the J.D. Power Customer Service distinction for the third consecutive year, highlighting the company's commitment to customer service [35] - The company is actively managing its product portfolio to address consumer pain points and enhance operational efficiency [104][106] Q&A Session Summary Question: What adjustments might be made in the event of an abrupt change in tariff policy? - Management indicated that they have reduced tariff exposure by approximately 30% and have learned to manage through tariff changes effectively [16][17] Question: How is the company assessing its product portfolio? - The company is focused on meeting consumer needs and resolving pain points, while also looking to reduce complexity in its product offerings [104][106] Question: How does the company view the impact of existing home sales on its business? - Management stated that while more existing home sales are beneficial, the overall impact on the business is minimal due to the small ticket nature of their products [75][76] Question: What is the outlook for DIY paint sales? - The company expects DIY paint sales to decline mid-single digits for the year, with no significant changes in consumer dynamics noted from the previous quarter [50][78] Question: How are input costs and pricing strategies being managed? - The company is experiencing commodity inflation but expects to offset this with low single-digit price increases in the Plumbing segment and operational efficiencies [68][100]