Masco(US:MAS)2020-07-30 23:09Second Quarter 2020 Performance - Masco Corporation's revenue decreased by 4% to $1764 million year-over-year[8] - The adjusted EPS increased by 14% to $084[5, 8] - The adjusted operating profit margin expanded by 50 bps to 195%[5, 8] Segment Performance - Plumbing Products sales decreased by 14% to $868 million[10] - Decorative Architectural Products sales increased by 8% to $896 million[11] - North American sales for Plumbing Products decreased 11% in local currency, while international sales decreased 17% in local currency[11] - DIY paint sales grew high teens[12] Balance Sheet and Liquidity - Cash and cash investments totaled $1089 million as of June 30, 2020[13] - Total liquidity was $2089 million, including $1000 million revolver availability[13] - Working capital as a percentage of sales improved 50 bps to 181% compared to the prior year[13, 14] Q3 2020 Outlook - Plumbing Products sales are expected to be down 5% to up 5% (excluding currency impact), with an adjusted operating profit margin similar to Q3 2019's 187%[25] - Decorative Architectural Products sales are expected to be up 7-9%, with an adjusted operating profit margin similar to Q3 2019's 189%[25] - Total Masco sales are expected to be flat to up 10% (excluding currency impact), with an adjusted operating profit margin similar to Q3 2019's 174%[25]