Masco Corp. (MAS) Tops Q1 EPS by 10c; Bumps Guidance Higher
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Masco Corporation Reports First Quarter 2022 Results
April 27, 2022 7:00 AM EDTHighlights
Sales increased 12 percent to $2,201 million; in local currency, sales increased 13 percent Operating profit was $353 million and operating margin was 16.0 percent; adjusted operating profit was $356 million and adjusted operating margin was 16.2 percent Earnings per share increased 185 percent to $0.97 per share; adjusted earnings per share increased 7 percent to $0.95 per share Repurchased 6.1 million shares for $364 million Anticipate 2022 earnings per share in the range of $4.12 - $4.32 per share, and on an adjusted basis, in the range of $4.15 - $4.35 per share, an increase from previously announced expectation of $4.10 - $4.30 per... More