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Consumer Goods Press Release
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Masco Corporation [MAS] moved down -1 20: Why It s Important
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Sales increased 25 percent to $1,970 million; in local currency, sales increased 22 percent
Operating profit increased 62 percent to $365 million; adjusted operating profit increased 61 percent to $366 million
Operating margin increased 430 basis points to 18.5 percent; adjusted operating margin increased 420 basis points to 18.6 percent
Earnings per share from continuing operations decreased 29 percent to $0.34 per share; adjusted earnings per share from continuing operations increased 89 percent to $0.89 per share
Repurchased 5.5 million shares for $303 million
Anticipate 2021 earnings per share in the range of $1.52 - $1.72, and on an adjusted basis, in the range of $3.50 - $3.70, an increase from previously announced expectation of $3.25 - $3.45.
Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, reported its first quarter results.