Masco Corporation Reports Second Quarter 2020 Results
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Masco Corp. (MAS) Tops Q2 EPS by 18c, Revenues Beat
July 30, 2020 7:13 AM EDTMasco Corp. (NYSE: MAS) reported Q2 EPS of $0.84, $0.18 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.66 billion.
Key Results
Sales decreased 4 percent to $1.8 billion; in local currency, sales decreased 3 percentOperating profit for the quarter decreased 2 percent to $339 million; adjusted operating profit decreased 1 percent to $344 millionOperating margin increased 30 basis points to 19.2 percent; adjusted operating... More