Masco Corporation ( (MAS) ) has released its Q4 earnings. Here is a breakdown of the information Masco Corporation presented to its investors.
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Masco Corporation is a global leader in the design, manufacture, and distribution of branded home improvement and building products, headquartered in Livonia, Michigan. The company’s portfolio includes well-known brands such as Behr paint, Delta faucets, and HotSpring spas.
In its fourth quarter and full-year 2024 earnings report, Masco Corporation reported a mixed performance with a slight decline in net sales but improvements in operating profit margins. The company also maintained its commitment to returning value to shareholders through dividends and share repurchases.
For the fourth quarter, net sales decreased by 3% to $1,828 million, but operating profit margin increased notably by 280 basis points to 15.9%. Adjusted earnings per share saw a 7% increase to $0.89. Over the full year, Masco’s net sales fell by 2% to $7,828 million. However, the operating margin improved by 50 basis points to 17.4%, and adjusted earnings per share rose by 6% to $4.10. The company returned a substantial $1 billion to shareholders in 2024.
Looking ahead to 2025, Masco Corporation expects its earnings per share to be in the range of $4.20 to $4.45, factoring in the impacts of new tariffs from China. The company also declared a quarterly dividend increase of 7%, demonstrating confidence in its financial stability. With a strong balance sheet and a focus on capital allocation, Masco aims to continue delivering long-term shareholder value despite a challenging market environment.
