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.
Masco Corporation (NYSE: MAS) reported its first quarter results for 2023, revealing a 10% decrease in net sales to $1,979 million compared to the previous year. In local currency, North American sales also fell by 10%, while international sales dropped by 3%. Despite the sales decline, gross margin increased by 180 basis points to 33.8%. Operating profit stood at $315 million, with adjusted operating profit at $312 million. Earnings per share decreased to $0.90, versus $0.97 in Q1 2022. The company continues to project adjusted earnings per share for the year in the range of $3.10 to $3.40. Additionally, Masco appointed David Chaika as interim CFO effective June 1, 2023, to replace John G. Sznewajs.
Kichler Lighting LLC, based in Solon, Ohio, has launched two new interior decorative collections, the New Modern Collection and Ceiling Space Collection, on April 21, 2023. The New Modern Collection consists of 11 families of fixtures that blend edgy designs with soft curves, offering oversized and decorative options for various ceiling styles. The Ceiling Space Collection features 10 families of designs inspired by modern trends and geometric shapes. Both collections are available in multiple finishes, enhancing design versatility for homeowners and professionals alike. Kichler Lighting, part of Masco Corporation (NYSE: MAS), aims to innovate and transform spaces with stylish and efficient lighting solutions.
Behr Paint Company has launched its inaugural Exterior Wood Stain Color of the Year, Cordovan Brown, a versatile and timeless hue aimed at enhancing outdoor spaces. This deep, rich color complements various architectural styles and pairs well with Behr's 2023 Paint Color of the Year, Blank Canvas. Available exclusively at The Home Depot, Cordovan Brown is featured across multiple BEHR® products. Jodi Allen, Behr's Global Chief Marketing Officer, highlighted the focus on simplifying color selection for consumers. The company's long-standing tradition of innovation and quality positions it favorably in the market, backed by its parent company, Masco Corporation.
Masco Corporation (NYSE: MAS) will hold a conference call on
Behr Paint Company launched a new program, 'Women in Paint', on International Women's Day 2023, in collaboration with the Painting Contractors Association (PCA). The initiative aims to enhance the visibility of women in the painting industry, where they currently represent only 10% of the workforce. This program will showcase the achievements of four professional women painters and provide educational resources through training events. Behr's Global Chief Marketing Officer, Jodi Allen, emphasized the importance of supporting women tradespeople to encourage future generations.
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