Masco Corp. (MAS) Misses Q2 EPS by 2c, Lowers Top-End of FY EPS

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Masco Corporation Reports Second Quarter 2018 Results

July 31, 2018 7:00 AM EDT

Key Highlights

Sales increased 11 percent to $2.3 billion; excluding acquisitions, divestitures and currency, sales increased 6 percent Earnings per share grew 33 percent to $0.68 per share; adjusted earnings per share grew 21 percent to $0.75 per share Returned approximately $147 million to shareholders through share repurchases and dividends Updating 2018 anticipated earnings per share to be in the range of $2.34-$2.41 per share, and on an adjusted basis, to be in the range of $2.48-$2.55 per share compared to a previous range of $2.48-$2.63 Board... More