Masco Corp. (MAS) Tops Q2 EPS by 2c; Plans Dividend Hike
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Masco Corporation Reports 45 Percent Increase in 2016 Second Quarter Earnings Per Share
July 26, 2016 7:00 AM EDTKey Highlights
Sales for the second quarter increased 4 percent to $2.0 billion Operating profit grew 20 percent to $335 million; adjusted operating profit grew 22 percent to $342 million Operating profit margin for the quarter increased to 16.7 percent, a 220 basis point expansion; adjusted operating profit margin for the quarter increased to 17.1 percent, a 260 basis point expansion Earnings per share for the quarter grew 45 percent to $0.45 per common share; adjusted earnings per share for the quarter grew 21 percent to $0.46 per common share Board... More