Masco Corp. (MAS) Misses Q2 EPS by 5c; Narrows Outlook
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Masco Corporation Reports Second Quarter 2022 Results
July 28, 2022 7:00 AM EDTHighlights
Sales increased 8 percent to $2,352 million; in local currency, sales increased 11 percent Operating profit was $408 million and operating margin was 17.3 percent; adjusted operating profit was $414 million and adjusted operating margin was 17.6 percent Earnings per share was $1.18; adjusted earnings per share matched prior year at $1.14 Repurchased 10.4 million shares for $550 million Anticipate 2022 earnings per share in the range of $4.19 - $4.29 per share, and on an adjusted basis, in the range of $4.15 - $4.25 per share, narrowed from the previous range of $4.15 - $4.35 per shareÂ
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