Masco Corp. (MAS) Tops Q1 EPS by 22c; Raises Outlook
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Masco Corporation Reports First Quarter 2021 Results
April 28, 2021 7:00 AM EDTHighlights
Sales increased 25 percent to $1,970 million; in local currency, sales increased 22 percent Operating profit increased 62 percent to $365 million; adjusted operating profit increased 61 percent to $366 million Operating margin increased 430 basis points to 18.5 percent; adjusted operating margin increased 420 basis points to 18.6 percent Earnings per share from continuing operations decreased 29 percent to $0.34 per share; adjusted earnings per share from continuing operations increased 89 percent to $0.89 per share Repurchased 5.5 million shares for $303 million Anticipate 2021 earnings per share in the range of $1.52 - $1.72, and on an adjusted basis, in the range of $3.50 - $3.70, an increase from... More