Masco Corp. (MAS) Misses Q3 EPS by 3c
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Masco Reports 25 Percent Increase in 2016 Third Quarter Earnings Per Share
October 25, 2016 7:00 AM EDTKey Highlights
Sales for the third quarter increased 2 percent to $1.9 billion; in local currencies, sales increased 3 percent Operating profit grew 4 percent to $269 million; adjusted operating profit grew 7 percent to $275 million Operating profit margin for the quarter increased to 14.3 percent, a 30 basis point expansion; adjusted operating profit margin increased to 14.7 percent, a 70 basis point expansion Earnings per share for the quarter grew 25 percent to $0.40 per common share; adjusted earnings per share grew 21 percent to $0.41 per common share (both figures included the negative... More