Masco Corp. (MAS) Tops Q4 EPS by 8c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Below Consensus
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Masco Corporation Reports Fourth Quarter and 2018 Year-End Results
February 7, 2019 7:00 AM EST2018 Fourth Quarter Key Highlights
Sales for the fourth quarter increased 10 percent to $2.0 billion; in local currency, sales increased 11 percent Operating profit for the quarter grew 21 percent to $309 million; adjusted operating profit grew 23 percent to $315 million Earnings per share for the quarter increased 156 percent to $0.64 per share; adjusted earnings per share grew 56 percent to $0.64 per share Returned $336 million to shareholders through share repurchases and dividends in the quarter Anticipate 2019 earnings per share to be in the range of $2.56... More