Masco Corp. (MAS) Misses Q3 EPS by 8c; Lowers FY EPS Outlook

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Go back to Masco Corp. (MAS) Misses Q3 EPS by 8c; Lowers FY EPS Outlook

Masco Corporation Reports Third Quarter 2022 Results

October 26, 2022 7:00 AM EDT

Highlights

Sales of $2,204 million matched prior year third quarter 2021 sales; in local currency, sales increased 3 percent Operating profit was $351 million and operating margin was 15.9 percent Earnings per share increased 9 percent to $0.97 per share; adjusted earnings per share decreased 1 percent to $0.98 per share Board authorized new $2.0 billion share repurchase program Anticipate 2022 earnings per share in the range of $3.73 - $3.83 per share, and on an adjusted basis, in the range of $3.70 - $3.80 per share, compared to the previous range of $4.15 - $4.25 per share

LIVONIA, Mich.--(BUSINESS... More