The Latest Breaking News from Masco

Industry checks indicate that demand for building products was “exceptionally strong” in the first quarter of 2022 and will continue to be strong through the second quarter due to “lean channel inventory and robust contractor backlogs,” according to BofA Securities.

Upgrades

Barclays analyst Matthew Bouley lowered the price target on Masco Corp (NYSE:MAS) to $75 (an upside of 31.3%) from $83 and maintained an Overweight rating on the shares. Softer plumbing margins were the disappointment in the quarter, with supply chain pressures and elevated costs driving the headwinds; however, the pricing implementation into 2022 is likely…

Masco (NYSE:MAS) has observed the following analyst ratings within the last quarter:

According to Benzinga Pro, during Q4, Masco (NYSE:MAS) earned $140.00 million, a 41.42% increase from the preceding quarter. Masco's sales decreased to $2.02 billion, a 8.26% change since Q3.

Masco Corp (NYSE:MAS) reported fourth-quarter FY21 net sales growth of 8.7% year-over-year to $2.02 billion, beating the consensus of $1.95 billion. In local currency, North American sales increased 11% Y/Y, and international sales rose 3% Y/Y. The gross margin contracted by 490 bps to 30.6%. The operating income decreased by 29% Y/Y to…

  Masco (NYSE:MAS) reported its Q4 earnings results on Tuesday, February 8, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Masco (NYSE:MAS) is set to give its latest quarterly earnings report on Tuesday, 2022-02-08. Here's what investors need to know before the announcement. Analysts estimate that Masco will likely report an Earnings Per Share (EPS) of $0.68.

Analysts have provided the following ratings for Masco (NYSE:MAS) within the last quarter: