Masco Corp. (MAS) Misses Q3 EPS by 12c, Revenues Miss; Lowers FY18 EPS Outlook Below Consensus

Masco Corp. (NYSE: MAS) reported Q3 EPS of $0.58, $0.12 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.17 billion.

“Our growth this quarter was led by strong performance in North American Plumbing and Cabinetry, as well as our acquisition of Kichler Lighting,” said Masco President and CEO, Keith Allman. “We delivered adjusted operating profit growth during the quarter despite inflationary headwinds and softness in European markets, while returning approximately $122 million to shareholders through share repurchases and dividends.”

GUIDANCE:

Masco Corp. sees FY2018 EPS of $2.39-$2.44, versus the consensus of $2.50.

For earnings history and earnings-related data on Masco Corp. (MAS) click here.

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