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.
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.
Masco Corporation (NYSE: MAS) reported a strong third quarter performance in 2020, with net sales up 16% to $2.0 billion compared to the previous year. North American sales grew 16%, while international sales rose 9%. Gross margins improved by 230 basis points to 37.9%, and operating profit surged 47% to $424 million. Income from continuing operations jumped to $1.05 per share, up from $0.56. The company's liquidity stood at $2.3 billion, and strong demand is expected to continue into the fourth quarter, supporting plans to resume share repurchases.
Masco Corporation (NYSE: MAS) will hold a conference call on October 28, 2020, at 8:00 a.m. ET to discuss its third-quarter results for 2020. The results and supplemental materials will be available on its website starting at 7:00 a.m. ET on the same day. Participants can register for the call via phone with specific dial-in numbers provided. A replay will be accessible through the company’s site and by phone after the call. Masco, based in Livonia, Michigan, is a leader in home improvement and building products, featuring brands like Behr® paint and Delta® faucets.
Behr Paint Company has launched the BEHR Color Trends 2021 Palette, featuring 21 diverse shades aimed at enhancing home aesthetics with a focus on comfort and personalization. The palette is organized into six themes: Casual Comfort, Optimistic View, Subtle Focus, Calm Zone, Quiet Haven, and Outdoor Escape, each designed to evoke positivity. Behr has partnered with influencers for a project called 21 Days, 21 Colors, 21 Projects, showcasing daily DIY usage of these colors. The palette is exclusively available at The Home Depot stores across the nation.