Masco(US:MAS) ZACKS·2024-10-29 14:35Core Insights - Masco reported revenue of $1.98 billion for the quarter ended September 2024, reflecting a year-over-year increase of 0.2% and matching the Zacks Consensus Estimate, with an EPS of $1.08 compared to $1.00 in the previous year [1] Financial Performance - Net Sales for Plumbing Products reached $1.22 billion, exceeding the average estimate of $1.21 billion, with a year-over-year increase of 2.4% [3] - Net Sales for Decorative Architectural Products were $764 million, falling short of the estimated $772.50 million, representing a year-over-year decline of 3.1% [3] - Adjusted Operating Profit for Plumbing Products was $242 million, surpassing the average estimate of $234.24 million [3] - Adjusted Operating Profit for Decorative Architectural Products was $138 million, slightly below the average estimate of $139.24 million [3] - Reported Operating Profit for Plumbing Products was $240 million, exceeding the average estimate of $234.26 million [3] - Reported Operating Profit for Decorative Architectural Products was $138 million, which was below the average estimate of $140.26 million [3] Stock Performance - Over the past month, Masco's shares have returned -2.7%, contrasting with the Zacks S&P 500 composite's increase of +1.7% [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]