Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company operates through two segments, Plumbing Products and Decorative Architectural Products. The Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products. This segment provides its products under the DELTA, BRIZO, PEERLESS, HANSGROHE, AXOR, KRAUS, GINGER, NEWPORT BRASS, BRASSTECH, WALTEC, BRISTAN, HERITAGE, MIROLIN, HÃPPE, HOT SPRING, CALDERA, FREEFLOW SPAS, FANTASY SPAS, ENDLESS POOLS, BRASSCRAFT, PLUMB SHOP, COBRA, COBRA PRO, and MASTER PLUMBER brands. The Decorative Architectural Products segment offers paints, primers, specialty coatings, stains, and waterproofing products, as well as paint applicators and accessories; cabinet and door hardware, functional hardware, wall plates, hook and rail products, closet organization systems, and picture hanging accessories; decorative bath hardware, mirrors, and shower accessories and doors; and decorative indoor and outdoor lighting fixtures, ceiling fans, landscape lighting, and LED lighting systems. This segment provides its products under the BEHR, KILZ, WHIZZ, Elder & Jenks, LIBERTY, BRAINERD, FRANKLIN BRASS, KICHLER, and ÃLAN brands. It sells its products to the plumbing, heating, and hardware wholesalers; home centers and online retailers; hardware stores; electrical and landscape distributors; lighting showrooms; building supply outlets; and other mass merchandisers. Masco Corporation was founded in 1929 and is headquartered in Livonia, Michigan.
IPO Year:
Exchange: NYSE
Website: masco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $79.00 → $80.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 2/2/2024 | $70.00 | Neutral | Citigroup |
| 1/19/2024 | Perform | Oppenheimer | |
| 10/17/2023 | $58.00 | Overweight | Wells Fargo |
| 4/28/2023 | $55.00 → $65.00 | Hold → Buy | Jefferies |
| 2/13/2023 | $43.00 → $56.00 | Sell → Hold | Deutsche Bank |
| 2/10/2023 | $49.00 → $57.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 1/11/2023 | $43.00 | Hold → Sell | Deutsche Bank |
| 10/27/2022 | $57.00 → $47.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 10/18/2022 | $58.00 → $46.00 | Neutral → Underperform | BofA Securities |
PPG (NYSE:PPG) today announced the appointment of Irene Tasi as chief growth officer (CGO), effective December 6, 2021. In this newly created role – which reports to PPG Chairman and Chief Executive Officer Michael McGarry – Tasi will lead and accelerate PPG's growth agenda with responsibility for corporate strategy, long-range planning, marketing, brand and sales excellence, digital, market-driven innovation, and new growth initiatives. She will be based at PPG's global headquarters in Pittsburgh and serve as a member of the company's Operating Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211123005780/en/PPG appoint
Vista, California, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Watkins Wellness, leading manufacturer of hot tubs and aquatic fitness products, announces the retirement of Steve Hammock, who has served as Watkins' President for 25 years. Over his 40-year career at Watkins, Mr. Hammock held several key positions, including Marketing Manager, Director of Sales and Marketing, General Manager, and Executive Vice President, prior to being appointed President in 1997. During his tenure he focused on establishing a clear vision and shared goals for the workforce and driving his team to achieve its full potential. Under his leadership, Watkins consistently delivered results, "From the very beginning w
Highlights Net sales were in line with prior year at $1,983 million Operating profit decreased 7 percent to $357 million; adjusted operating profit increased 3 percent to $360 million Operating profit margin decreased 140 basis points to 18.0 percent; adjusted operating profit margin increased 60 basis points to 18.2 percent Earnings per share was $0.77 per share; adjusted earnings per share grew 8 percent to $1.08 per share Repurchased 2.5 million shares for $192 million Expect 2024 earnings per share in the range of $3.74 - $3.84 per share, and on an adjusted basis, $4.05 - $4.15 per share Masco Corporation (NYSE:MAS), one of the world's leading manufacturers of branded home
Masco Corporation (NYSE:MAS) announced today that it will hold a conference call regarding 2024 third quarter results on Tuesday, October 29, 2024, at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing 800-549-8228 or 646-564-2877. Please use the conference identification number 72522. The 2024 third quarter results and supplemental material will be distributed at 7:00 a.m. ET on October 29 and will be available on the Company's website at www.masco.com. The conference call will be webcast simultaneously and in its entir
Highlights Net sales decreased 2 percent to $2,091 million Operating profit decreased 1 percent to $397 million; adjusted operating profit decreased 1 percent to $399 million Operating profit margin increased 10 basis points to 19.0 percent; adjusted operating profit margin increased 10 basis points to 19.1 percent Earnings per share was $1.17 per share; adjusted earnings per share grew 1 percent to $1.20 per share Repurchased 2.0 million shares for $143 million Expect 2024 earnings per share in the range of $4.03 - $4.18 per share, and on an adjusted basis, $4.05 - $4.20 per share Masco Corporation (NYSE:MAS), one of the world's leading manufacturers of branded home im
Masco Corporation (NYSE:MAS) announced today that it will hold a conference call regarding 2024 second quarter results on Thursday, July 25, 2024, at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing 800-549-8228 or 646-564-2877. Please use the conference identification number 45864. The 2024 second quarter results and supplemental material will be distributed at 7:00 a.m. ET on July 25 and will be available on the Company's website at www.masco.com. The conference call will be webcast simultaneously and in its entire
Masco Corporation (NYSE:MAS) announced that its Board of Directors declared a quarterly dividend of $0.29 per common share, payable on June 10, 2024, to shareholders of record on May 24, 2024. Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and hansgrohe® faucets, bath and shower fixtures; Kichler® decorative and outdoor lighting; Liberty® branded decorative and functional hardware; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create
Highlights Net sales decreased 3 percent to $1,926 million Operating profit increased 1 percent to $318 million; adjusted operating profit increased 3 percent to $322 million Operating profit margin increased 60 basis points to 16.5 percent; adjusted operating profit margin increased 90 basis points to 16.7 percent Earnings per share was $0.97 per share; adjusted earnings per share grew 8 percent to $0.93 per share Repurchased 2.1 million shares for $148 million Continue to expect 2024 earnings per share in the range of $4.00 – $4.25 per share Masco Corporation (NYSE:MAS), one of the world's leading manufacturers of branded home improvement and building products, report
Masco Corporation (NYSE:MAS) announced today that it will hold a conference call regarding 2024 first quarter results on Wednesday, April 24, 2024 at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing 888-259-6580 or 206-962-3782. Please use the conference identification number 73983883. The 2024 first quarter results and supplemental material will be distributed at 7:00 a.m. ET on April 24 and will be available on the Company's website at www.masco.com. The conference call will be webcast simultaneously and in its ent
Highlights Sales for the fourth quarter decreased 2 percent to $1,882 million Operating profit for the quarter was $247 million; adjusted operating profit increased 16 percent to $272 million Earnings per share for the quarter was $0.85 per share; adjusted earnings per share grew 28 percent to $0.83 per share Anticipate 2024 earnings per share to be in the range of $4.00 – $4.25 per share Board declares a quarterly dividend of $0.29 per share, a 2 percent increase, payable on March 11, 2024 to shareholders of record on February 22, 2024 Masco Corporation (NYSE:MAS), one of the world's leading manufacturers of branded home improvement and building products, reported its fou
Masco Corporation (NYSE:MAS) announced today that it will hold a conference call regarding 2023 fourth quarter and full year results on Thursday, February 8, 2024 at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing 888-259-6580 and from outside the U.S. at 206-962-3782. Please use the conference identification number 96682919. The 2023 fourth quarter and full year results and supplemental material will be distributed at 7:00 a.m. ET on February 8 and will be available on the Company's website at www.masco.com. The co
Highlights Operating profit was $383 million; adjusted operating profit was $348 million Operating profit margin was 19.4 percent; adjusted operating profit margin expanded 170 basis points to 17.6 percent Earnings per share was $1.10 per share; adjusted earnings per share grew 1 percent to $1.00 per share Returned $109 million to shareholders through share repurchases and dividends, and closed the acquisition of Sauna360 Group Oy for €124 million Raising expected 2023 earnings per share to be in the range of $3.76 – $3.86 per share, and on an adjusted basis, $3.65 – $3.75 per share Masco Corporation (NYSE:MAS), one of the world's leading manufacturers of branded home impr
Masco (NYSE:MAS) reported quarterly earnings of $1.20 per share which beat the analyst consensus estimate of $1.18 by 1.69 percent. The company reported quarterly sales of $2.091 billion which missed the analyst consensus estimate of $2.103 billion by 0.59 percent. This is a 1.69 percent decrease over sales of $2.127 billion the same period last year.
Jefferies analyst Philip Ng maintains Masco (NYSE:MAS) with a Buy and raises the price target from $83 to $86.
Barclays analyst Matthew Bouley maintains Masco (NYSE:MAS) with a Overweight and lowers the price target from $87 to $79.
Citigroup analyst Anthony Pettinari maintains Masco (NYSE:MAS) with a Neutral and lowers the price target from $73 to $66.
Masco has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation of Ontario, Canada to purchase up to 2 million outstanding shares at a price of $64.00 per share in cash, which is approximately 4.68 percent lower than the $67.14 closing share price of Masco's common stock on June 10, 2024, the last trading day prior to the date of the offer.
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Masco Corporation (NYSE:MAS) announced today that Rick Westenberg, Vice President, Chief Financial Officer and Treasurer, will present at the Baird 2024 Global Industrial Conference in Chicago on Tuesday, November 12, at 10:15 a.m. CT. The presentation will be audio webcast live under the Investor Relations section of the Company's website at www.masco.com. A replay of the webcast will be available until February 7, 2025. Masco Corporation's press releases and other information are available under the Investor Relations section of Masco's website at www.masco.com. Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of brand
Highlights Net sales were in line with prior year at $1,983 million Operating profit decreased 7 percent to $357 million; adjusted operating profit increased 3 percent to $360 million Operating profit margin decreased 140 basis points to 18.0 percent; adjusted operating profit margin increased 60 basis points to 18.2 percent Earnings per share was $0.77 per share; adjusted earnings per share grew 8 percent to $1.08 per share Repurchased 2.5 million shares for $192 million Expect 2024 earnings per share in the range of $3.74 - $3.84 per share, and on an adjusted basis, $4.05 - $4.15 per share Masco Corporation (NYSE:MAS), one of the world's leading manufacturers of branded home
Masco Corporation (NYSE:MAS) announced today that it will hold a conference call regarding 2024 third quarter results on Tuesday, October 29, 2024, at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing 800-549-8228 or 646-564-2877. Please use the conference identification number 72522. The 2024 third quarter results and supplemental material will be distributed at 7:00 a.m. ET on October 29 and will be available on the Company's website at www.masco.com. The conference call will be webcast simultaneously and in its entir
Design students encouraged to enter for a chance to win $3,000, plus $1,000 for their design school SANTA ANA, Calif., Sept. 19, 2024 /PRNewswire/ -- Today, Behr Paint Company announces its first-ever BEHR® Student Design Competition in partnership with MattoBoard, a 3D virtual sampling platform for designers. The competition is open starting today, September 19, through November 10, 2024, for full-time or part-time emerging professional design students.* Behr Paint invites design students to submit an original design plan for any commercial space such as hospitality, workpl
Kingswood Capital Management, LP (together with its affiliates, "Kingswood") announced today that it has acquired Kichler Lighting, LLC ("Kichler") from Masco Corporation (NYSE:MAS). Kingswood will merge Kichler with its portfolio company, Progress Lighting, LLC ("Progress") to create one of North America's leading residential lighting platforms featuring complementary, industry-recognized brands. The combined company will benefit from expanded distribution and service capabilities and a robust product catalog that is well positioned to serve customers across the homebuilder, trade, showroom, retail, and ecommerce sales channels. The company's go-to-market strategy will feature both the Pro
Masco Corporation (NYSE:MAS) announced today the completion of the sale of Kichler Lighting to an affiliate of Kingswood Capital Management. Headquartered in Solon, Ohio, Kichler Lighting is a provider of decorative residential and light commercial lighting products, ceiling fans and LED lighting systems across both consumer and professional distribution channels. Kingswood Capital Management, a private investment firm based in Los Angeles, California, is the owner of Progress Lighting, also a provider of residential and light commercial decorative lighting solutions. "On behalf of Masco, we wish the Kichler Lighting, Kingswood Capital Management and Progress Lighting teams the best in th
TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Behr Paint Company is proud to announce the introduction of its Women in Paint™ program, an initiative designed to elevate the achievements of Canadian professional women painters and to inspire the next generation in the skilled trades. Women in Paint™ is a comprehensive program aimed at celebrating the voices and significant contributions of women in the painting industry. In its inaugural year, Behr is excited to be collaborating with established contractor and television personality, Kate Campbell, to champion the power of mentorship as an advocate and spokesperson for Women in Paint in Canada. Kate will not only share her story and insights
Masco Corporation (NYSE:MAS) announced today that it has signed a definitive agreement to sell its Kichler Lighting business to an affiliate of Kingswood Capital Management for a purchase price of approximately $125 million, subject to customary adjustments. Headquartered in Solon, Ohio, Kichler Lighting is a provider of decorative residential and light commercial lighting products, ceiling fans and LED lighting systems across both consumer and professional distribution channels. Kingswood Capital Management, a private investment firm based in Los Angeles, California, is the owner of Progress Lighting, also a provider of residential and light commercial decorative lighting solutions. "U
Masco Corporation (NYSE:MAS) announced today that Rick Westenberg, Vice President, Chief Financial Officer and Treasurer, will participate in a live fireside chat at the Jefferies Industrial Conference in New York City on Thursday, September 5, at 8:05 a.m. ET. The presentation will be webcast live under the Investor Relations section of the Company's website at www.masco.com. A replay of the webcast will be available until December 3, 2024. Masco Corporation's press releases and other information are available under the Investor Relations section of Masco's website at www.masco.com. Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture an
New data shows choosing a red paint color is on the rise amongst Americans–where nostalgic flair meets undeniable elegance SANTA ANA, Calif., Aug. 21, 2024 /PRNewswire/ -- Today, Behr Paint Company announces its highly anticipated 2025 Color of the Year: Rumors, a deep and dynamic ruby red that empowers DIYers, designers and paint professionals to create impactful color moments. In fact, about 75% of Americans say they would consider painting a room or wall a shade of red, and Rumors is the perfect choice with its unique balance of warmth and vitality. "We're seeing people emb
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RBC Capital Mkts downgraded Masco from Outperform to Sector Perform and set a new price target of $80.00 from $79.00 previously
Citigroup initiated coverage of Masco with a rating of Neutral and set a new price target of $70.00
Oppenheimer initiated coverage of Masco with a rating of Perform
Wells Fargo initiated coverage of Masco with a rating of Overweight and set a new price target of $58.00
Jefferies upgraded Masco from Hold to Buy and set a new price target of $65.00 from $55.00 previously
Deutsche Bank upgraded Masco from Sell to Hold and set a new price target of $56.00 from $43.00 previously
RBC Capital Mkts upgraded Masco from Sector Perform to Outperform and set a new price target of $57.00 from $49.00 previously
Deutsche Bank downgraded Masco from Hold to Sell and set a new price target of $43.00
RBC Capital Mkts downgraded Masco from Outperform to Sector Perform and set a new price target of $47.00 from $57.00 previously
BofA Securities downgraded Masco from Neutral to Underperform and set a new price target of $46.00 from $58.00 previously
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