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Masco (MAS)
NYSE:MAS
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.88Last Year’s EPS
$0.83Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -8.59%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance, particularly in the plumbing segment and pro paint sales, along with effective capital deployment. However, challenges remain in the DIY paint market and the impact of the Kichler divestiture. Overall, the company is managing well through a volatile environment, with strategic initiatives poised for future growth.Company Guidance
During Masco Corporation's third-quarter 2024 earnings call, several key metrics were highlighted regarding the company's performance and outlook. Net sales remained stable compared to the previous year, with a notable 2% increase in the plumbing segment. Operating profit rose to $360 million, a 3% increase year-over-year, and the operating profit margin expanded by 60 basis points to 18.2%. The company's gross profit margin improved by 90 basis points, reaching 36.7%. Earnings per share grew by 8% to $1.08. Looking forward, Masco adjusted its full-year sales expectation to be down low single digits due to the divestiture of Kichler Lighting and ongoing challenges in the DIY paint market. However, the full-year operating margin is expected to reach the high end of the previously guided range at approximately 17.5%, with adjusted earnings per share projected between $4.05 and $4.15. The company plans to allocate approximately $750 million to share repurchases or acquisitions in 2024.Gross Profit Margin Increase
Gross profit margin rose 90 basis points to 36.7% due to operational efficiencies and cost savings initiatives.
Plumbing Segment Growth
Plumbing sales increased 2% overall, with international plumbing sales up 3% in local currency. Operating profit for the segment increased by $17 million to $242 million.
Pro Paint Sales Strength
Pro paint sales grew high single digits despite overall paint sales decreasing. The company continues to invest in pro paint growth.
Successful Integration of Sauna360
Completed the 1-year anniversary of Sauna360 acquisition, successfully integrating it into the existing Watkins dealer network.
Strong Capital Deployment
Returned $255 million to shareholders through dividends and share repurchases. Increased allocation for share repurchases or acquisitions to $750 million.
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MAS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MAS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $81.38 | $81.01 | -0.45% |
| Jul 25, 2024 | $70.06 | $75.28 | +7.45% |
| Apr 24, 2024 | $72.16 | $68.93 | -4.48% |
| Feb 08, 2024 | $69.35 | $72.19 | +4.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Masco (MAS) report earnings?
Masco (MAS) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Masco (MAS) earnings time?
Masco (MAS) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MAS EPS forecast?
MAS EPS forecast for the fiscal quarter 2024 (Q4) is $0.88.
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