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 reports developments tied to its global design, manufacture and distribution of branded home improvement and building products. The company’s portfolio includes Behr paint; Delta and hansgrohe faucets, bath and shower fixtures; Liberty decorative and functional hardware; and HotSpring spas. News commonly covers sales and margin results, segment trends in plumbing and decorative architectural products, share repurchases and dividends, product introductions from Behr, investor presentations, and leadership or operating-structure changes.
Company updates also address business drivers and risks linked to residential repair and remodel activity, new home construction, brand strength, consumer purchasing patterns, key customers, material costs, suppliers, tariffs, international operations, cybersecurity and information systems.
Behr Paint has appointed UM as its media Agency of Record in the U.S., effective immediately. This partnership will encompass all media strategy, planning, buying, and analytics for Behr's DIY, Professional, and KILZ brands. Jodi Allen, Global CMO of Behr, expressed excitement about collaborating with UM to enhance brand connections with consumers. UM's US CEO, Lynn Lewis, emphasized the agency's commitment to driving Behr's growth through data-driven strategies. Behr, a leading paint manufacturer, is a subsidiary of Masco Corporation (NYSE: MAS).
Masco Corporation (NYSE: MAS) will host a conference call on April 28, 2021, at 8:00 a.m. ET to discuss its first quarter 2021 results. President and CEO Keith Allman will lead the call. Results and supplementary materials will be released at 7:00 a.m. ET the same day and available on Masco's website. Interested parties can register for the call by dialing (855) 226-2726 or (706) 679-3614 for international participants, using the ID number 9998268. A replay will be accessible post-call until May 28, 2021, via telephone and the company website.
Masco Corporation (NYSE: MAS) announced that CFO John Sznewajs will present at the Raymond James 42nd Annual Virtual Institutional Investors Conference on March 2, 2021, at 8:20 a.m. ET. The presentation will be available via live webcast on Masco's Investor Relations website and can be replayed until May 2, 2021. Masco is a leader in home improvement and building products, known for brands like Behr® paint and Delta® faucets, helping to create value for customers and shareholders.
Masco Corporation (NYSE: MAS) has announced the creation of Masco Ventures, a $50 million venture capital fund aimed at investing in startups that align with its commitment to innovation. This fully-owned subsidiary will focus on early and growth-stage companies enhancing home improvement experiences, particularly in water management and customer service improvements. Investments will range from $500,000 to $5 million, targeting firms where Masco can add value. Managed by Touchdown Ventures, this initiative aims to leverage Masco's industry expertise and distribution channels.
Behr Paint Company has unveiled its 2021 Color of the Year, Canyon Dusk S210-4, described as an earthy terracotta shade that promotes comfort and grounding warmth. This color reflects a desire for stability during uncertain times and is versatile for various design styles. Canyon Dusk pairs well with other hues from Behr's Color Trends 2021 palette, making it suitable for both residential and commercial spaces. The company encourages the public to share interpretations of Canyon Dusk through a social media contest, with prizes including a photo collection and a gift card valued at $1,000.
Masco Corporation (NYSE: MAS) reported a strong performance for the fourth quarter and full year of 2020. Net sales rose 13% to $1,860 million in Q4, with North American sales increasing 13% and international sales up 8%. Gross margin improved to 35.5% and operating margin reached 16.5%. For the full year, sales increased 7% to $7,188 million, bolstered by a 19% rise in operating profit. The company announced a 68% dividend increase to $0.94 per share and a $2 billion share repurchase plan, reflecting confidence in future growth prospects.
Masco Corporation (NYSE: MAS) will host a conference call on February 9, 2021, at 8:00 a.m. ET to discuss its 2020 fourth quarter and full-year results. CEO Keith Allman will lead the call, which requires participants to register in advance. Results and supplemental materials will be released at 7:00 a.m. ET on the same day and available on the company’s website. The call will also be webcast live, with a replay accessible shortly after for those unable to attend. Masco is a leader in home improvement and building products.
Delta Faucet Company, a division of Masco Corporation (NYSE: MAS), announced an agreement to acquire the assets of Kraus, an online plumbing fixture company. The acquisition aims to enhance Delta's product offerings, particularly in kitchen and lavatory sinks, and strengthen its online presence. The deal is expected to close by Q1 2021, subject to regulatory approval. Kraus, founded in 2007 and headquartered in Port Washington, N.Y., employs around 100 people and will function as an affiliate of Delta after the acquisition.
Masco Corporation (NYSE: MAS) announced a quarterly dividend of $0.14 per common share, set for payment on February 8, 2021. Shareholders of record by January 8, 2021, will receive this dividend. Headquartered in Livonia, Michigan, Masco is a leader in home improvement and building products, offering brands like Behr® paint and Delta® faucets. The company aims to deliver value across product categories and geographical markets, solidifying its position in the industry.
Masco Corporation (NYSE: MAS) announced that its subsidiary Hansgrohe SE will acquire a majority stake in Easy Sanitary Solutions (ESS), a leading developer of barrier-free showering solutions based in the Netherlands. The acquisition aims to enhance Hansgrohe's product offering and market presence in the bathroom solutions sector. Terms of the deal remain undisclosed, with closing anticipated in Q1 2021, pending regulatory review. This strategic move is expected to drive growth within Masco's brand portfolio, further solidifying its position in the home improvement market.