Financial Data and Key Metrics Changes - For the full year 2022, sales increased by 4% compared to the previous year, with a healthy two-year stacked comp of 21% [107] - Operating profit for the full year was $1.4 billion, with an operating margin of 15.6% [32] - Earnings per share increased to $3.77 from $3.70 [137] Business Segment Data and Key Metrics Changes - Plumbing segment sales grew by 2% in local currency for the full year, with North American Plumbing sales increasing by 5% and International Plumbing sales increasing by 8% [14] - Decorative Architectural segment sales decreased by 8% in the fourth quarter against a strong 15% comp, with DIY paint sales declining low double digits and PRO paint growing mid-single digits [111] - The spa business has returned to normal backlog levels after significant growth during the pandemic, impacting Plumbing growth expectations for 2023 [19][154] Market Data and Key Metrics Changes - The North American repair and remodel market is expected to decline by low double digits in 2023, following a strong three-year growth period [7] - The DIY paint market is anticipated to decline by high-single digits, while the PRO paint market is expected to decrease by mid-single digits [43] - International markets, particularly in Europe, are projected to contract by high-single digits [7] Company Strategy and Development Direction - The company aims to invest in brands, capabilities, and people to outperform competitors in both the near and long term [9] - A target has been set to reduce emissions by 50% by 2030, aligning with science-based targets [6] - The capital allocation strategy includes maintaining a strong balance sheet, with a targeted dividend payout ratio of 30% and a 2% increase in dividends for 2023 [27] Management's Comments on Operating Environment and Future Outlook - Management anticipates a challenging near-term environment due to higher interest rates and inflation, but believes in the long-term fundamentals of the repair and remodel markets [8] - The company expects 2023 sales to decline approximately 10%, with operating margins around 15% [58] - Management is focused on recovering significant cost inflation through operational productivity and additional pricing actions [114] Other Important Information - The company repurchased 16.6 million shares for $914 million in 2022 and plans to deploy approximately $500 million for share repurchases or acquisitions in 2023 [130][132] - The company ended the year with a net debt to EBITDA ratio of 1.8 times and approximately $1.5 billion in balance sheet liquidity [15] Q&A Session Summary Question: What are the expectations for the housing market and its impact on sales? - Management noted that while the housing market shows signs of improvement, it is difficult to predict how this will affect sales due to the volatility of the market [16][18] Question: How does the company plan to address pricing and cost inflation? - The company plans to implement targeted price increases, primarily in the Plumbing segment, while also managing costs effectively [80][81] Question: What is the outlook for the Plumbing segment in 2023? - The Plumbing segment is expected to see sales decline between 10% to 14%, with a significant impact from the normalization of the spa business backlog [62][154] Question: How does the company view the potential for margin recovery in the future? - Management expressed optimism about margin recovery, anticipating that cost deflation could help reverse some of the margin contraction experienced in 2022 [72][73]

| --- | --- | --- | |--------------------------------------------------|-------|---------------------------------| | (in Millions) | | As Reported \nDecember 31, 2022 | | Receivables | | $ 1,149 | | Inventories | | 1,236 | | Less: Accounts payable | | (877) | | Working Capital | | $ 1,508 | | Working capital as a % of sales (last 12 months) | | 17.4% | | | | | February 9, 2023 Safe Harbor Statement 2 2 Financial/Operations Review John Sznewajs Summary of Results Keith Allman Fourth Quarter and Full Year 202 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (State or Other Jurisdiction of Incorporation or Organization) 17450 College Parkway, Livonia, Michigan 48152 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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: 1-57 ...

Masco Corporation (NYSE:MAS) Q3 2022 Earnings Conference Call October 26, 2022 8:00 AM ET Company Participants David Chaika - VP, Treasurer & IR Keith Allman - President & CEO John Sznewajs - VP & CFO Conference Call Participants Michael Rehaut - J.P. Morgan Adam Baumgarten - Zelman John Lovallo - UBS Matthew Bouley - Barclays Susan Maklari - Goldman Sachs Mike Dahl - RBC Capital Markets Truman Patterson - Wolfe Research Phil Ng - Jefferies Stephen Kim - Evercore ISI Operator Good morning, ladies and gentle ...

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, 2022 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 (I.R.S. Employer Id ...

Masco Corporation (NYSE:MAS) Q2 2022 Earnings Conference Call July 28, 2022 8:00 AM ET Company Participants David Chaika - IR Keith Allman - CEO John Sznewajs - CFO Conference Call Participants Stephen Kim - Evercore ISI Matthew Bouley - Barclays Mike Dahl - RBC Capital John Lovallo - UBS Susan Maklari - Goldman Sachs Deepa Raghavan - Wells Fargo Securities Keith Hughes - Truist David MacGregor - Longbow Research LLC Adam Baumgarten - Zelman Phil Ing - Jefferies Garik Shmois - Loop Capital Kenneth Zener - K ...

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 March 31, 2022 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) (313) 274-7400 (Registrant's telephone ...

Masco Corporation (NYSE:MAS) Q1 2022 Earnings Conference Call April 27, 2022 8:00 AM ET Company Participants David Chaika - Vice President, Treasurer & IR Keith Allman - President & CEO John Sznewajs - Vice President & CFO Conference Call Participants Stephen Kim - Evercore ISI Matthew Bouley - Barclays John Lovallo - UBS Mike Dahl - RBC Capital Markets Michael Rehaut - JP Morgan Susan Maklari - Goldman Sachs Deepa Raghavan - Wells Fargo Securities Keith Hughes - Truist Securities Garik Shmois - Loop Capita ...

STAIN REPELLENO First Quarter 2022 Earnings Presentation April 27, 2022 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 reference ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K Commission file number: 1-5794 MASCO CORPORATION (Exact name of Registrant as Specified in its Charter) Delaware 38-1794485 17450 College Parkway, Livonia, Michigan 48152 (State of Incorporation) (I.R.S. Employer Identification No.) (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (313) 274-7400 Securities Registered Pursuant to Section 12(b) of the Act: | | | Name of Each E ...