Welcome to our dedicated page for Masco news (Ticker: MAS), a resource for investors and traders seeking the latest updates and insights on Masco stock.
Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products, and its news flow reflects activity across its plumbing and decorative architectural segments. Headquartered in Livonia, Michigan, Masco regularly issues press releases on quarterly and annual financial results, leadership changes and strategic initiatives affecting its portfolio of brands, which includes Behr paint, Delta and hansgrohe faucets, Liberty decorative and functional hardware, and HotSpring spas.
Investors following MAS news can expect detailed earnings announcements that discuss net sales, operating margins, segment performance for Plumbing Products and Decorative Architectural Products, and capital allocation decisions such as dividends and share repurchases. Masco also announces the dates and logistics for its earnings conference calls and webcasts, providing access information for shareholders and analysts.
News related to Masco’s subsidiaries, particularly Behr Paint Company, highlights product launches, marketing programs and technology partnerships. Recent Behr releases have covered new paint products with specific environmental and performance attributes, annual Color of the Year selections and associated color trend palettes, and a partnership with Google Cloud to develop an AI-powered color selection agent called ChatHUE.
Corporate governance and leadership updates are another recurring theme in Masco’s news. The company has announced the formation of an Executive Committee that includes presidents of key business units, as well as board appointments and executive transitions disclosed through press releases and Form 8-K filings.
For market participants, Masco’s news page offers a centralized view of these developments, from financial performance and capital allocation to brand-level innovation and leadership changes. Regularly reviewing MAS news can help readers understand how the company is managing its home improvement and building products portfolio over time.
Curbio, a leader in pay-at-closing home improvement solutions, has secured $65 million in a Series B funding round, bringing total funding to $93 million since its inception in 2017. Led by Revolution Growth, the funding will aid Curbio's expansion and the development of its proprietary technology. With projects yielding a 20% increase in selling prices and a 50% reduction in project duration, Curbio aims to capitalize on an $85 billion market opportunity to enhance the home selling process.
Masco Corporation (NYSE: MAS) announced a conference call set for February 8, 2022, at 8:00 a.m. ET to discuss its fourth quarter and full-year 2021 results. The call will be hosted by CEO Keith Allman and will include distribution of results at 7:00 a.m. ET. Interested parties can register via phone or access the webcast through Masco's website. A replay will be available shortly after the call, continuing until March 10, 2022. Masco is recognized for its leading brands in home improvement and building products, enhancing value for customers and shareholders.
PPG has appointed Irene Tasi as the new Chief Growth Officer, effective December 6, 2021. Tasi will spearhead PPG's growth initiatives, overseeing corporate strategy, marketing, and innovation. Reporting to CEO Michael McGarry, she brings over 20 years of experience from Masco Corporation, where she held various leadership roles, including president of Kichler Lighting. Tasi's background in strategic marketing and operational excellence aims to enhance shareholder value and customer satisfaction.
Masco Corporation (NYSE: MAS) reported strong third-quarter results with an 11% increase in sales to $2,204 million. Operating profit was $385 million, with an operating margin of 17.5%. Earnings per share (EPS) from continuing operations stood at $0.89, while adjusted EPS was $0.99. The company returned $186 million to shareholders and updated its expected EPS range for 2021 to $1.67 - $1.73, adjusted EPS at $3.67 - $3.73. Despite challenges, Masco expects to see continued margin expansion and double-digit growth in adjusted EPS in 2022.
Behr Paint Company has partnered with The Home Edit to be the exclusive paint supplier for their new headquarters, The Home Edit House in Nashville, TN. The collaboration showcases Behr's BEHR DYNASTY™ paint, known for its stain resistance and one-coat coverage. The paint colors reflect The Home Edit's signature rainbow aesthetic, enhancing their design vision. This partnership aligns with Behr's commitment to innovation and quality, providing a vibrant backdrop for The Home Edit’s creative projects. The featured colors are available exclusively at The Home Depot nationwide.
Masco Corporation (NYSE: MAS) announced it will host a conference call on October 27, 2021, at 8:00 a.m. ET, to discuss its 2021 third quarter results. The call will be led by President and CEO Keith Allman. Participants should register 5-10 minutes prior by calling (844) 549-7577 or (442) 275-1712 for international attendees, using conference ID 9989065. Results and supplemental materials will be available on Masco’s website at www.masco.com at 7:00 a.m. ET the same day.
Behr Paint Company has launched MUSIC IN COLOR by BEHR, an innovative tool in collaboration with Katy Perry and Spotify, which provides personalized paint color recommendations based on users' favorite songs. This tool utilizes Spotify's streaming technology to match songs' characteristics with a unique array of paint colors, including Laser Lemon and Sea of Tranquility, inspired by Katy's hits. The initiative aims to enhance the DIY experience by merging music and color, making the selection process engaging and creative.
Behr Paint Company has announced its 2022 Color of the Year, Breezeway MQ3-21, a silvery green shade inspired by sea glass. The color, part of the BEHR 2022 Color Trends Palette, is designed to evoke feelings of coolness and renewal. Breezeway will be featured in BEHR DYNASTY, the company's most advanced four-in-one paint offering. This new product promises enhanced performance, including stain resistance and fast-drying properties. To celebrate, Behr is hosting the Color in Motion Sweepstakes, with a grand prize of $50,000 for one winner.
Masco Corporation (NYSE: MAS) announced that CFO John Sznewajs will present at the RBC Capital Markets Global Industrials Conference on September 9, 2021, at 8:00 a.m. ET. The presentation will be available for live streaming on the Investor Relations section of the company’s website. A replay will be accessible until September 23, 2021. Masco, headquartered in Livonia, Michigan, is a global leader in home improvement and building products, offering brands like Behr®, Delta®, and HotSpring®.
Behr Paint and Zillow have collaborated to launch a curated palette of interior paint colors aimed at enhancing home value. Findings from a Zillow-commissioned study indicate that specific shades can increase a buyer's offer by nearly $5,000. The palette features 12 colors, blending light neutrals and various blues, each associated with potential value increases in different rooms. For instance, light blue bathrooms could add 1.6% to offers. The colors are now available at The Home Depot.