Masco Corporation Reports Third Quarter 2025 Results
Highlights
-
Net sales decreased 3 percent to
$1,917 million ; in local currency and excluding divestitures, net sales decreased 2 percent - Operating profit margin decreased 220 basis points to 15.8 percent; adjusted operating profit margin decreased 190 basis points to 16.3 percent
-
Earnings per share was
$0.90 ; adjusted earnings per share decreased 10 percent to$0.97 -
Repurchased 1.8 million shares for
$124 million -
Expect 2025 earnings per share in the range of
$3.84 -$3.89 per share, and on an adjusted basis,$3.90 -$3.95 per share
2025 Third Quarter Results
-
On a reported basis, compared to the third quarter 2024:
-
Net sales decreased 3 percent to
$1,917 million ; in local currency and excluding divestitures, net sales decreased 2 percent- Plumbing Products’ net sales increased 2 percent; in local currency net sales increased 1 percent
- Decorative Architectural Products’ net sales decreased 12 percent; in local currency and excluding divestitures, net sales decreased 6 percent
- In local currency, North American sales decreased 6 percent and International sales were in line with prior year
- Gross margin decreased 240 basis points to 34.2 percent from 36.6 percent
-
Operating profit decreased 15 percent to
$303 million from$357 million - Operating margin decreased 220 basis points to 15.8 percent from 18.0 percent
-
Net income increased 17 percent to
$0.90 per share, compared to$0.77 per share
-
Net sales decreased 3 percent to
-
Compared to third quarter 2024, results for key financial measures, as adjusted for certain items (see Exhibit A) and with a normalized tax rate of 24.5 percent, were as follows:
- Gross margin decreased 210 basis points to 34.6 percent from 36.7 percent
-
Operating profit decreased 13 percent to
$312 million from$360 million - Operating margin decreased 190 basis points to 16.3 percent from 18.2 percent
-
Net income decreased 10 percent to
$0.97 per share, compared to$1.08 per share
-
Liquidity at the end of the third quarter was
$1,559 million (including availability under our revolving credit facility)
“During the third quarter, we continued to navigate through a dynamic geopolitical and macroeconomic environment. While the near-term market conditions remained a headwind to our business, our teams continued to focus on execution to grow share and drive long-term success,” said Masco President and CEO,
“For the full year, we now anticipate our 2025 adjusted earnings per share to be in the range of
Dividend Declaration
Masco’s Board of Directors declared a quarterly dividend of
About Masco
Headquartered in
The 2025 third quarter supplemental material, including a presentation in PDF format, is available on the Company’s website at www.masco.com.
Conference Call Details
A conference call regarding items contained in this release is scheduled for
The conference call will be webcast simultaneously and in its entirety through the Company’s website. Shareholders, media representatives and others interested in Masco may participate in the webcast by registering through the Investor Relations section on the Company’s website.
A replay of the call will be available on Masco’s website or by phone by dialing 888-660-6264 or 289-819-1325. Please use the playback passcode 16464#. The telephone replay will be available approximately two hours after the end of the call and continue through
Safe Harbor Statement
This press release contains statements that reflect our views about our future performance and constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “outlook,” “believe,” “anticipate,” “appear,” “may,” “will,” “should,” “intend,” “plan,” “estimate,” “expect,” “assume,” “seek,” “forecast,” and similar references to future periods. Our views about future performance involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. We caution you against relying on any of these forward-looking statements.
Our future performance may be affected by the levels of residential repair and remodel activity, and to a lesser extent, new home construction, our ability to maintain our strong brands, to develop innovative products and respond to changing consumer purchasing practices and preferences, our ability to maintain our public image and reputation, our ability to maintain our competitive position in our industries, our reliance on key customers, the cost and availability of materials, our dependence on suppliers and service providers, extreme weather events and changes in climate, risks associated with our international operations and global strategies, the impact on demand, pricing and product costs resulting from tariffs, our ability to achieve the anticipated benefits of our strategic initiatives, our ability to successfully execute our acquisition strategy and integrate businesses that we have acquired and may in the future acquire, our ability to attract, develop and retain a talented workforce, risks associated with cybersecurity vulnerabilities, threats and attacks and risks associated with our reliance on information systems and technology. These and other factors are discussed in detail in Item 1A. "Risk Factors" in our most recent Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and in other filings we make with the Securities and Exchange Commission. Any forward-looking statement made by us speaks only as of the date on which it was made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Unless required by law, we undertake no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise.
|
Condensed Consolidated Statements of Operations - Unaudited
For the Three and Nine Months Ended |
|||||||||||||||
|
(in millions, except per common share data) |
|||||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
||||||||
|
Net sales |
$ |
1,917 |
|
|
$ |
1,983 |
|
|
$ |
5,769 |
|
|
$ |
6,000 |
|
|
Cost of sales |
|
1,261 |
|
|
|
1,258 |
|
|
|
3,696 |
|
|
|
3,805 |
|
|
Gross profit |
|
656 |
|
|
|
725 |
|
|
|
2,073 |
|
|
|
2,195 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Selling, general and administrative expenses |
|
353 |
|
|
|
368 |
|
|
|
1,072 |
|
|
|
1,123 |
|
|
Operating profit |
|
303 |
|
|
|
357 |
|
|
|
1,001 |
|
|
|
1,073 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Other income (expense), net: |
|
|
|
|
|
|
|
||||||||
|
Interest expense |
|
(25 |
) |
|
|
(25 |
) |
|
|
(77 |
) |
|
|
(75 |
) |
|
Other, net |
|
(2 |
) |
|
|
(85 |
) |
|
|
(16 |
) |
|
|
(95 |
) |
|
|
|
(27 |
) |
|
|
(109 |
) |
|
|
(93 |
) |
|
|
(170 |
) |
|
Income before income taxes |
|
276 |
|
|
|
248 |
|
|
|
908 |
|
|
|
903 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Income tax expense |
|
76 |
|
|
|
68 |
|
|
|
226 |
|
|
|
222 |
|
|
Net income |
|
200 |
|
|
|
180 |
|
|
|
682 |
|
|
|
681 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Less: Net income attributable to noncontrolling interest |
|
11 |
|
|
|
13 |
|
|
|
36 |
|
|
|
41 |
|
|
Net income attributable to |
$ |
189 |
|
|
$ |
167 |
|
|
$ |
645 |
|
|
$ |
640 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Income per common share attributable to |
|
|
|
|
|
|
|
||||||||
|
Net income |
$ |
0.90 |
|
|
$ |
0.77 |
|
|
$ |
3.06 |
|
|
$ |
2.91 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Average diluted common shares outstanding |
|
209 |
|
|
|
218 |
|
|
|
211 |
|
|
|
220 |
|
|
Historical information is available on our website. |
|||||||||||||||
|
Amounts may not add due to rounding. |
|||||||||||||||
|
Exhibit A: Reconciliations - Unaudited
For the Three and Nine Months Ended |
|||||||||||||||
|
(dollars in millions) |
|||||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
||||||||
|
Gross Profit, Selling, General and Administrative Expenses, and Operating Profit Reconciliations |
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
||||||||
|
Net sales |
$ |
1,917 |
|
|
$ |
1,983 |
|
|
$ |
5,769 |
|
|
$ |
6,000 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Gross profit, as reported |
$ |
656 |
|
|
$ |
725 |
|
|
$ |
2,073 |
|
|
$ |
2,195 |
|
|
Rationalization charges |
|
7 |
|
|
|
2 |
|
|
|
10 |
|
|
|
6 |
|
|
Gross profit, as adjusted |
$ |
663 |
|
|
$ |
727 |
|
|
$ |
2,082 |
|
|
$ |
2,202 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Gross margin, as reported |
|
34.2 |
% |
|
|
36.6 |
% |
|
|
35.9 |
% |
|
|
36.6 |
% |
|
Gross margin, as adjusted |
|
34.6 |
% |
|
|
36.7 |
% |
|
|
36.1 |
% |
|
|
36.7 |
% |
|
|
|
|
|
|
|
|
|
||||||||
|
Selling, general and administrative expenses, as reported |
$ |
353 |
|
|
$ |
368 |
|
|
$ |
1,072 |
|
|
$ |
1,123 |
|
|
Rationalization charges |
|
2 |
|
|
|
— |
|
|
|
3 |
|
|
|
1 |
|
|
Selling, general and administrative expenses, as adjusted |
$ |
352 |
|
|
$ |
368 |
|
|
$ |
1,069 |
|
|
$ |
1,121 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Selling, general and administrative expenses as a percent of net sales, as reported |
|
18.4 |
% |
|
|
18.6 |
% |
|
|
18.6 |
% |
|
|
18.7 |
% |
|
Selling, general and administrative expenses as a percent of net sales, as adjusted |
|
18.4 |
% |
|
|
18.6 |
% |
|
|
18.5 |
% |
|
|
18.7 |
% |
|
|
|
|
|
|
|
|
|
||||||||
|
Operating profit, as reported |
$ |
303 |
|
|
$ |
357 |
|
|
$ |
1,001 |
|
|
$ |
1,073 |
|
|
Rationalization charges |
|
8 |
|
|
|
2 |
|
|
|
12 |
|
|
|
8 |
|
|
Operating profit, as adjusted |
$ |
312 |
|
|
$ |
360 |
|
|
$ |
1,013 |
|
|
$ |
1,081 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Operating margin, as reported |
|
15.8 |
% |
|
|
18.0 |
% |
|
|
17.4 |
% |
|
|
17.9 |
% |
|
Operating margin, as adjusted |
|
16.3 |
% |
|
|
18.2 |
% |
|
|
17.6 |
% |
|
|
18.0 |
% |
|
Historical information is available on our website. |
|||||||||||||||
|
Amounts may not add due to rounding. |
|||||||||||||||
|
Exhibit A: Reconciliations - Unaudited
For the Three and Nine Months Ended |
|||||||||||||||
|
(in millions, except per common share data) |
|||||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
||||||||
|
Income Per Common Share Reconciliations |
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
||||||||
|
Income before income taxes, as reported |
$ |
276 |
|
|
$ |
248 |
|
|
$ |
908 |
|
|
$ |
903 |
|
|
Rationalization charges |
|
8 |
|
|
|
2 |
|
|
|
12 |
|
|
|
8 |
|
|
Loss on sale of business (1) |
|
— |
|
|
|
81 |
|
|
|
— |
|
|
|
81 |
|
|
Realized (gains) losses from private equity funds, net |
|
— |
|
|
|
(1 |
) |
|
|
5 |
|
|
|
(1 |
) |
|
Income before income taxes, as adjusted |
|
284 |
|
|
|
330 |
|
|
|
925 |
|
|
|
990 |
|
|
Tax at 24.5% rate |
|
(70 |
) |
|
|
(81 |
) |
|
|
(227 |
) |
|
|
(243 |
) |
|
Less: Net income attributable to noncontrolling interest |
|
11 |
|
|
|
13 |
|
|
|
36 |
|
|
|
41 |
|
|
Net income, as adjusted |
$ |
204 |
|
|
$ |
236 |
|
|
$ |
662 |
|
|
$ |
706 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Net income per common share, as adjusted |
$ |
0.97 |
|
|
$ |
1.08 |
|
|
$ |
3.14 |
|
|
$ |
3.21 |
|
|
|
|
|
|
|
|
|
|
||||||||
|
Average diluted common shares outstanding |
|
209 |
|
|
|
218 |
|
|
|
211 |
|
|
|
220 |
|
|
(1) |
Represents the preliminary loss for the three and nine months ended |
|
|
Outlook for the Year Ended |
|||||||
|
|
Year Ended |
||||||
|
|
Low End |
|
High End |
||||
|
Income Per Common Share Reconciliation |
|
|
|
||||
|
|
|
|
|
||||
|
Net income per common share |
$ |
3.84 |
|
$ |
3.89 |
||
|
Rationalization charges |
|
0.04 |
|
|
|
0.04 |
|
|
Realized losses from private equity funds, net |
|
0.02 |
|
|
|
0.02 |
|
|
Net income per common share, as adjusted |
$ |
3.90 |
|
|
$ |
3.95 |
|
|
Historical information is available on our website. |
|||||||
|
Amounts may not add due to rounding. |
|||||||
|
Condensed Consolidated Balance Sheets and Other Financial Data - Unaudited
|
||||||||
|
(dollars in millions) |
||||||||
|
|
|
|
|
|
||||
|
Balance Sheet |
|
|
|
|
||||
|
Assets |
|
|
|
|
||||
|
Current assets: |
|
|
|
|
||||
|
Cash and cash investments |
|
$ |
559 |
|
$ |
634 |
||
|
Receivables |
|
|
1,181 |
|
|
|
1,035 |
|
|
Inventories |
|
|
1,069 |
|
|
|
938 |
|
|
Prepaid expenses and other |
|
|
150 |
|
|
|
123 |
|
|
Total current assets |
|
|
2,959 |
|
|
|
2,730 |
|
|
|
|
|
|
|
||||
|
Property and equipment, net |
|
|
1,181 |
|
|
|
1,116 |
|
|
|
|
|
622 |
|
|
|
597 |
|
|
Other intangible assets, net |
|
|
213 |
|
|
|
220 |
|
|
Operating lease right-of-use assets |
|
|
239 |
|
|
|
231 |
|
|
Other assets |
|
|
98 |
|
|
|
123 |
|
|
Total assets |
|
$ |
5,311 |
|
|
$ |
5,016 |
|
|
|
|
|
|
|
||||
|
Liabilities |
|
|
|
|
||||
|
Current liabilities: |
|
|
|
|
||||
|
Accounts payable |
|
$ |
842 |
|
|
$ |
789 |
|
|
Notes payable |
|
|
2 |
|
|
|
3 |
|
|
Accrued liabilities |
|
|
732 |
|
|
|
767 |
|
|
Total current liabilities |
|
|
1,576 |
|
|
|
1,560 |
|
|
|
|
|
|
|
||||
|
Long-term debt |
|
|
2,945 |
|
|
|
2,945 |
|
|
Noncurrent operating lease liabilities |
|
|
226 |
|
|
|
223 |
|
|
Other liabilities |
|
|
396 |
|
|
|
342 |
|
|
Total liabilities |
|
|
5,143 |
|
|
|
5,069 |
|
|
|
|
|
|
|
||||
|
Equity |
|
|
168 |
|
|
|
(53 |
) |
|
Total liabilities and equity |
|
$ |
5,311 |
|
|
$ |
5,016 |
|
|
|
As of |
||||||
|
|
2025 |
|
2024 |
||||
|
Other Financial Data |
|
|
|
||||
|
Working capital days |
|
|
|
||||
|
Receivable days |
|
53 |
|
|
|
50 |
|
|
Inventory days |
|
84 |
|
|
|
78 |
|
|
Payable days |
|
69 |
|
|
|
70 |
|
|
Working capital |
$ |
1,408 |
|
|
$ |
1,291 |
|
|
Working capital as a % of sales (LTM) |
|
18.5 |
% |
|
|
16.4 |
% |
|
Historical information is available on our website. |
|||||||
|
Amounts may not add due to rounding. |
|||||||
|
Condensed Consolidated Statements of Cash Flows and Other Financial Data - Unaudited
For the Nine Months Ended |
|||||||
|
(dollars in millions) |
|||||||
|
|
Nine Months Ended |
||||||
|
|
2025 |
|
2024 |
||||
|
Cash Flows From (For) Operating Activities: |
|
|
|
||||
|
Cash provided by operating activities |
$ |
896 |
|
|
$ |
957 |
|
|
Working capital changes |
|
(292 |
) |
|
|
(288 |
) |
|
Net cash from operating activities |
|
604 |
|
|
|
668 |
|
|
|
|
|
|
||||
|
Cash Flows From (For) Financing Activities: |
|
|
|
||||
|
Purchase of Company common stock |
|
(354 |
) |
|
|
(482 |
) |
|
Excise tax paid on the purchase of Company common stock |
|
(6 |
) |
|
|
— |
|
|
Cash dividends paid |
|
(197 |
) |
|
|
(191 |
) |
|
Purchase of redeemable noncontrolling interest |
|
— |
|
|
|
(15 |
) |
|
Dividends paid to noncontrolling interest |
|
(30 |
) |
|
|
(25 |
) |
|
Proceeds from the exercise of stock options |
|
6 |
|
|
|
76 |
|
|
Employee withholding taxes paid on stock-based compensation |
|
(10 |
) |
|
|
(34 |
) |
|
Decrease in debt, net |
|
(1 |
) |
|
|
(2 |
) |
|
Net cash for financing activities |
|
(592 |
) |
|
|
(673 |
) |
|
|
|
|
|
||||
|
Cash Flows From (For) Investing Activities: |
|
|
|
||||
|
Capital expenditures |
|
(109 |
) |
|
|
(112 |
) |
|
Acquisition of business |
|
— |
|
|
|
(4 |
) |
|
Proceeds from disposition of business, net of cash disposed |
|
— |
|
|
|
131 |
|
|
Other, net |
|
(2 |
) |
|
|
(3 |
) |
|
Net cash (for) from investing activities |
|
(111 |
) |
|
|
12 |
|
|
|
|
|
|
||||
|
Effect of exchange rate changes on cash and cash investments |
|
23 |
|
|
|
5 |
|
|
|
|
|
|
||||
|
Cash and Cash Investments: |
|
|
|
||||
|
(Decrease) increase for the period |
|
(75 |
) |
|
|
12 |
|
|
At |
|
634 |
|
|
|
634 |
|
|
At |
$ |
559 |
|
|
$ |
646 |
|
|
|
As of |
||||||
|
|
2025 |
|
2024 |
||||
|
Liquidity |
|
|
|
||||
|
Cash and cash investments |
$ |
559 |
|
$ |
646 |
||
|
Revolver availability |
|
1,000 |
|
|
|
1,000 |
|
|
Total Liquidity |
$ |
1,559 |
|
|
$ |
1,646 |
|
|
Historical information is available on our website. |
|||||||
|
Amounts may not add due to rounding. |
|||||||
|
Segment Data - Unaudited
For the Three and Nine Months Ended |
|||||||||||||||||||||
|
(dollars in millions) |
|||||||||||||||||||||
|
|
Three Months Ended |
|
|
|
Nine Months Ended |
|
|
||||||||||||||
|
|
2025 |
|
2024 |
|
Change |
|
2025 |
|
2024 |
|
Change |
||||||||||
|
Plumbing Products |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Net sales |
$ |
1,247 |
|
|
$ |
1,219 |
|
|
2 |
% |
|
$ |
3,744 |
|
|
$ |
3,665 |
|
|
2 |
% |
|
Operating profit, as reported |
$ |
196 |
|
|
$ |
240 |
|
|
|
|
$ |
688 |
|
|
$ |
713 |
|
|
|
||
|
Operating margin, as reported |
|
15.7 |
% |
|
|
19.7 |
% |
|
|
|
|
18.4 |
% |
|
|
19.5 |
% |
|
|
||
|
Rationalization charges |
|
8 |
|
|
|
2 |
|
|
|
|
|
11 |
|
|
|
7 |
|
|
|
||
|
Operating profit, as adjusted |
|
204 |
|
|
|
242 |
|
|
|
|
|
700 |
|
|
|
720 |
|
|
|
||
|
Operating margin, as adjusted |
|
16.4 |
% |
|
|
19.9 |
% |
|
|
|
|
18.7 |
% |
|
|
19.6 |
% |
|
|
||
|
Depreciation and amortization |
|
29 |
|
|
|
26 |
|
|
|
|
|
81 |
|
|
|
80 |
|
|
|
||
|
EBITDA, as adjusted |
$ |
232 |
|
|
$ |
269 |
|
|
|
|
$ |
780 |
|
|
$ |
799 |
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Decorative Architectural Products |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Net sales |
$ |
670 |
|
|
$ |
764 |
|
|
(12 |
)% |
|
$ |
2,025 |
|
|
$ |
2,336 |
|
|
(13 |
)% |
|
Operating profit, as reported |
$ |
128 |
|
|
$ |
138 |
|
|
|
|
$ |
381 |
|
|
$ |
436 |
|
|
|
||
|
Operating margin, as reported |
|
19.1 |
% |
|
|
18.1 |
% |
|
|
|
|
18.8 |
% |
|
|
18.7 |
% |
|
|
||
|
Rationalization charges |
|
1 |
|
|
|
— |
|
|
|
|
|
1 |
|
|
|
1 |
|
|
|
||
|
Operating profit, as adjusted |
|
128 |
|
|
|
138 |
|
|
|
|
|
381 |
|
|
|
437 |
|
|
|
||
|
Operating margin, as adjusted |
|
19.1 |
% |
|
|
18.1 |
% |
|
|
|
|
18.8 |
% |
|
|
18.7 |
% |
|
|
||
|
Depreciation and amortization |
|
8 |
|
|
|
9 |
|
|
|
|
|
22 |
|
|
|
28 |
|
|
|
||
|
EBITDA, as adjusted |
$ |
136 |
|
|
$ |
147 |
|
|
|
|
$ |
404 |
|
|
$ |
465 |
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Total |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Net sales |
$ |
1,917 |
|
|
$ |
1,983 |
|
|
(3 |
)% |
|
$ |
5,769 |
|
|
$ |
6,000 |
|
|
(4 |
)% |
|
Operating profit, as reported - segment |
$ |
324 |
|
|
$ |
378 |
|
|
|
|
$ |
1,068 |
|
|
$ |
1,149 |
|
|
|
||
|
General corporate expense, net |
|
(20 |
) |
|
|
(21 |
) |
|
|
|
|
(68 |
) |
|
|
(76 |
) |
|
|
||
|
Operating profit, as reported |
|
303 |
|
|
|
357 |
|
|
|
|
|
1,001 |
|
|
|
1,073 |
|
|
|
||
|
Operating margin, as reported |
|
15.8 |
% |
|
|
18.0 |
% |
|
|
|
|
17.4 |
% |
|
|
17.9 |
% |
|
|
||
|
Rationalization charges - segment |
|
8 |
|
|
|
2 |
|
|
|
|
|
12 |
|
|
|
8 |
|
|
|
||
|
Operating profit, as adjusted |
|
312 |
|
|
|
360 |
|
|
|
|
|
1,013 |
|
|
|
1,081 |
|
|
|
||
|
Operating margin, as adjusted |
|
16.3 |
% |
|
|
18.2 |
% |
|
|
|
|
17.6 |
% |
|
|
18.0 |
% |
|
|
||
|
Depreciation and amortization - segment |
|
36 |
|
|
|
36 |
|
|
|
|
|
103 |
|
|
|
108 |
|
|
|
||
|
Depreciation and amortization - other |
|
2 |
|
|
|
2 |
|
|
|
|
|
6 |
|
|
|
5 |
|
|
|
||
|
EBITDA, as adjusted |
$ |
349 |
|
|
$ |
397 |
|
|
|
|
$ |
1,121 |
|
|
$ |
1,194 |
|
|
|
||
|
Historical information is available on our website. |
|||||||||||||||||||||
|
Amounts may not add due to rounding. |
|||||||||||||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20251029926333/en/
Investor Contact
Vice President, Investor Relations and FP&A
313.792.5500
MascoInvestorRelations@mascohq.com
Source:
