Masco Corp. (MAS) Reports In-Line Q4 EPS, Beats on Revenues; FY18 EPS Outlook Above Consensus

Masco Corp. (NYSE: MAS) reported Q4 EPS of $0.44, in-line with the analyst estimate of $0.44. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.85 billion.

2017 Fourth Quarter Key Highlights

• Sales for the fourth quarter increased 7 percent to $1.9 billion; in local currency, sales increased 5 percent
• Operating profit for the quarter grew 23 percent to $264 million; adjusted operating profit grew 20 percent to $265 million
• Earnings per share for the quarter decreased 10 percent to $0.27 per share; adjusted earnings per share grew 33 percent to $0.44 per share
• Completed the acquisition of Mercury Plastics, Inc. and signed a definitive agreement to acquire The L.D. Kichler Co. for combined expected purchase price of approximately $640 million
• Anticipate 2018 earnings per share to be in the range of $2.36 - $2.51 per share, and on an adjusted basis to be in the range of $2.48 - $2.63 per share

GUIDANCE:

Masco Corp. sees FY2018 EPS of $2.48-$2.63, versus the consensus of $2.37.

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

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