Masco Corp. (MAS) Tops Q2 EPS by 9c
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Masco Corporation Reports Second Quarter 2021 Results
July 29, 2021 7:00 AM EDTHighlights
Sales increased 24 percent to $2,179 million; in local currency, sales increased 21 percent Operating profit increased 29 percent to $437 million; adjusted operating profit increased 27 percent to $438 million Operating margin increased 90 basis points to 20.1 percent; adjusted operating margin increased 60 basis points to 20.1 percent (Loss) per share from continuing operations was $(0.14) per share due to the settlement of domestic qualified defined-benefit pension plans; adjusted earnings per share from continuing operations increased 34 percent to $1.14 per share Repurchased 6.6 million shares for $447 million Raising 2021 earnings per share guidance; anticipate 2021 earnings per... More